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Days1134Days on Market
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$575,000

3513 Red Cardinal Ct, McKinney, TX, 75071

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,098 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$185.6 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
AppliancesDishwasher, Disposal
FlooringCarpet, Ceramic Tile

Building Information

Year Built2022
Stories2
Garage Spaces2

Land Information

APNR-12686-0AG-0880-1
Lot Number88
SubdivisionPreserve At Honey Creek Phase 5 (Cmc)
Land UseResidential
Legal DescriptionPRESERVE AT HONEY CREEK PHASE 5 (CMC), BLK AG, LOT 88
Census Tract030202
Assessed Land Value$132,000
Assessed Improvement Value$376,251
Assessment Year2025

About this property

Spacious two story backing up to quiet greenbelt in The Preserve at Honey Creek. Elegant entry leading to open living, kitchen, and dining area accented with gas log fireplace. Upstairs includes 2nd living area and media room along with half bath. Primary bedroom suite and 2nd bedroom downstairs along with large office space. Features covered porch, covered patio, dual gas water heaters, water filter system and tile floors. Interior fresh with new paint ready for immediate move in.

Investor Tools

$514,331Estimated Mortgage Balance
$96,290Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,648 /month
Positive
Cash Flow Estimate:
$1,216 /month

Interested in this property?

MACE RENFRO

WILLIAMS & WILLIAMS, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,034/month
$822/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,364
$508,251
2025
$132,000
$376,251
$508,251
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,364
$508,251

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lennar Mortgage Llc
Conventional
$541,499
No
First
Aug 29, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$514,331
$85,669
14%
85%
$3,247/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$4,069/mo
$-549/mo
6.9%

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.

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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3513 Red Cardinal Ct | Property Details | No Agent List