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$450,000

313 Cherry Spring Drive, McKinney, TX, 75072

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,775 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$253.52 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size6,055 sqft

Building Information

Year Built2014
Stories1
Garage Spaces2

Land Information

APNR-10513-00R-0040-1
Lot Number4
SubdivisionValor Pointe - The Reserve At Westridge
Land UseResidential
Legal DescriptionVALOR POINTE - THE RESERVE AT WESTRIDGE PHASE 12 (CMC), BLK R, LOT 4
Census Tract030537
Assessed Land Value$140,000
Assessed Improvement Value$330,176
Assessment Year2025

About this property

Impressive home in Valor Pointe and Prosper ISD! Fresh neutral paint, and neutral colors throughout compliment nicely open and flowing floorplan. Large island kitchen is complete with granite countertops, 42-inch upper cabinets, stainless built-in appliances including gas cooktop, electric oven, dishwasher, and microwave, all surrounded by tasteful tile flooring extending into breakfast nook. Spacious family room has wood floors, gas starter fireplace, and ceiling fan. Fourth bedroom at front of the home could be a nice home office. Primary bedroom has luxury vinyl plank flooring, ceiling fan, and ensuite bath with garden tub, separate shower and vanities, water closet, and walk-in closet. Secondary bedrooms have ceiling fans and new carpet. Relaxing back yard fully fenced around beautiful lawn to enjoy beneath a covered patio. Walk to neighborhood elementary school in Prosper ISD. Westridge HOA Center nearby that is rich with amenities. Easy drive to shopping, restaurants, and major roads.

Investor Tools

$0Estimated Mortgage Balance
$470,176Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,821 /month
Positive
Cash Flow Estimate:
$940 /month

Interested in this property?

James Fomby

Stonebriar Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$967/month
$265/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,253
$470,176
2025
$140,000
$330,176
$470,176
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,253
$470,176

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$470,176
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
$265/mo
+$2,755/mo
7.7%

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.

Explore Texas Explore This Area
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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313 Cherry Spring Drive | Property Details | No Agent List