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$466,396

NAL Estimated Property Value

3416 Palmtree Drive, McKinney, TX, 75070

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,570 Sq Ft
price_per_sqft$120.23 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesFire Pit, Rain Gutters

Building Information

Year Built1995
Stories2
Garage Spaces1

Land Information

APNR-3155-00A-0770-1
Lot Number77
SubdivisionEldorado Heights Phase A5 (Cmc)
Land UseResidential
Legal DescriptionELDORADO HEIGHTS PHASE A5 (CMC), BLK A, LOT 77
Census Tract030549
Assessed Land Value$132,250
Assessed Improvement Value$334,146
Assessment Year2025

About this property

Spacious home nestled on oversize, low maintenance & quiet cut-de-sac lot next to walking trails, park, catch & release pond, basketball court in the heart of McKinney. Exemplary schools & multiple shopping & dining options nearby. Welcoming entrance invites you to a spacious family room w cozy fireplace open to kitchen with a gas cook top, island & breakfast nook overlooking a serene backyard with fireplace. Two additional rooms on the first floor can be used as office, gym, playroom, formal dining - possibilities are endless! Huge Master retreat with sitting area separate from other bdrms. Upgraded flooring throughout the main level. 2017 Roof, gutters & window screens. Smart home Ring System with camera!

Investor Tools

Property Icon
$466,396
Estimated Property Value
$215,477Estimated Mortgage Balance
$250,919Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,798 /month
Positive
Cash Flow Estimate:
$933 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$763/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,828
$466,396
2025
$132,250
$334,146
$466,396
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,828
$466,396

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebridge Financial Services Inc
Conventional
$243,532
No
First
Jun 29, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,477
$250,919
53%
46%
$1,461/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$1,611/mo
+$1,579/mo
8.2%

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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3416 Palmtree Drive | Property Details | No Agent List