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$390,000

3924 Carmel Mountain Drive, McKinney, TX, 75070

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,547 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$153.12 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Building Information

Year Built2006
Stories2
Garage Spaces1

Land Information

APNR-8918-00P-0200-1
Lot Number20
SubdivisionCraig Ranch North Phase 10 (Cmc)
Land UseResidential
Legal DescriptionCRAIG RANCH NORTH PHASE 10 (CMC), BLK P, LOT 20
Census Tract030517
Assessed Land Value$131,250
Assessed Improvement Value$339,269
Assessment Year2025

About this property

LOCATION, LOCATION, LOCATION. PRIME LOCATION ACROSS THE STREET FROM THE COMMUNITY POOL IN SOUGHT AFTER FRISCO ISD! This meticulously maintained gem is located in Craig Ranch, host of this year's Byron Nelson. Open floor plan with tons of natural light & it is MOVE IN READY. Carpet and paint just completed in June of 2021. Roof 2020, Gas Range and disposal 2020, Master Shower 2019, Fence 2018, Water Heater 2015. Owner's suite down. Split bedrooms with walk in closets up. All are located adjacent to the game room at the top of the stairs. Large back yard. Community offers a 2nd pool, parks & trails. Easy access to dining, shopping & entertainment found on the Sam Rayburn 121, Dallas North Tollway & US HWY 75.

Investor Tools

Property Icon
$470,519
Estimated Property Value
$0Estimated Mortgage Balance
$235,998Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,823 /month
Positive
Cash Flow Estimate:
$941 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$895/month
$705/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,393
$470,519
2025
$131,250
$339,269
$470,519
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,393
$470,519

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Credit Line (Revolving) / Heloc
$249,900
No
First
Jan 17, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,521
$235,998
50%
50%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$2,204/mo
+$986/mo
8.1%

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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3924 Carmel Mountain Drive | Property Details | No Agent List