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$456,877

NAL Estimated Property Value

305 Lake Village Drive, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,283 Sq Ft
price_per_sqft$183.97 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting

Building Information

Year Built2002
Stories1
Garage Spaces2

Land Information

APNR-4767-00A-0210-1
Lot Number21
SubdivisionVillages Of Lake Forest Phase Iii (Cmc)
Land UseResidential
Legal DescriptionVILLAGES OF LAKE FOREST PHASE III (CMC), BLK A, LOT 21
Census Tract030548
Assessed Land Value$120,000
Assessed Improvement Value$336,877
Assessment Year2025

About this property

MULTI OFFERS~Beautifully maintained Paul Taylor Home. Stunning brick exterior home nestled in Villages of Lake Forest with highly desirable McKinney Schools. An inviting open floor plan welcomes guests inside with expansive sight-lines. Enjoy gathering in the updated kitchen featuring granite c-tops, gas cooktop + ample prep space for preparing home-cooked meals. A gorgeous fireplace highlights the open living room w natural sunlight flooding the home. Relax & unwind in the secluded primary room complete with his & her sinks, tranquil garden tub & WIC. Split 4th bdrm could be used as a study. Beautifully private backyard w wood fence & oversized patio. Walking distance to both Elem & Boyd High & Pool amenities

Investor Tools

Property Icon
$456,877
Estimated Property Value
$368,000Estimated Mortgage Balance
$88,877Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,741 /month
Positive
Cash Flow Estimate:
$914 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$764/month
$465/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,889
$456,877
2025
$120,000
$336,877
$456,877
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,889
$456,877

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pentagon Fcu
Unknown
$403,750
No
First
Sep 15, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$368,000
$88,877
19%
81%
$2,421/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,886/mo
+$634/mo
9.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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305 Lake Village Drive | Property Details | No Agent List