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$406,000

3012 Hoover Dr, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,422 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.99 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Microwave
FlooringVinyl

Building Information

Year Built2005
Stories2
Garage Spaces2

Land Information

APNR-8452-00H-0010-1
Lot Number1
SubdivisionPresidents Point Phase Two (Cmc)
Land UseResidential
Legal DescriptionPRESIDENTS POINT PHASE TWO (CMC), BLK H, LOT 1
Census Tract030605
Assessed Land Value$100,000
Assessed Improvement Value$227,668
Assessment Year2025

About this property

Light, neutral, and recently refreshed, this 4-bedroom, 2.5-bath two-story in McKinney offers a spacious, functional layout with a large, usable backyard. Durable luxury vinyl plank flooring spans the main level, creating a cohesive, low-maintenance foundation for everyday living. At the front of the home, a formal dining area provides flexibility for entertaining, a home office, or additional living space. The layout opens up at the back to a connected kitchen, breakfast, and living area centered around a classic brick fireplace, adding warmth and character. The kitchen is designed for both function and flow, featuring crisp white cabinetry, ample counter space, a black appliance package, and a raised serving bar ideal for casual dining or gathering. The open-concept design supports both entertaining and daily routines with ease. Upstairs, all bedrooms are positioned for privacy. The primary suite offers a comfortable retreat with a soaking tub, separate shower, dual closets, and a spacious vanity with a dedicated makeup area. Three secondary bedrooms, a full bath, and a large game room provide flexibility for a variety of needs. The backyard is built for enjoying the outdoors, complete with a covered patio and ceiling fan, fire pit area, storage shed, and plenty of lawn space for recreation or gardening. Conveniently located with quick access to Highway 380 and I-75, this home offers a strong combination of space, functionality, and accessibility.

Investor Tools

Property Icon
$406,000
Estimated Property Value
$225,000Estimated Mortgage Balance
$197,844Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,436 /month
Positive
Cash Flow Estimate:
$812 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$724/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,661
$327,668
2025
$100,000
$227,668
$327,668
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,661
$327,668

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens Bank Na
Conventional
$225,000
No
First
Jun 2, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$208,156
$197,844
48%
51%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$1,349/mo
+$2,171/mo
10.4%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: McKinney

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3012 Hoover Dr | Property Details | No Agent List