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$498,559

NAL Estimated Property Value

401 Cove Cir, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,318 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.13 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Private PoolPrivate Pool

Building Information

Year Built1986
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-1605-003-0040-1
Lot Number4
SubdivisionDeer Creek (Cmc)
Land UseResidential
Legal DescriptionDEER CREEK (CMC), BLK C, LOT 4
Census Tract030609
Assessed Land Value$126,500
Assessed Improvement Value$372,059
Assessment Year2025

About this property

This gem could be your next home! Tucked away on a quiet cul-de-sac you will find this lovingly cared for, one-owner, three bed, two and a half bath home that has character and warmth at every turn. Unique features that are rare at this price-point include a shade garden atrium, wood beam & vaulted ceilings, and a cozy dual view gas-log fireplace. With its sparkling pool, covered patio, and mature landscaping the backyard provides a peaceful, private retreat for you and your guests to unwind. There is plenty of space for your lifestyle with two large living areas that are flooded with natural light and overlook the beautiful backyard. The kitchen is bursting with storage and keeps you connected to all the action with adjoining living area - backyard access, two dining spaces, plus laundry room and half bath all within quick reach. When it's time to venture out, Cove Circle is centrally located to all that McKinney has to offer! Your daily routine will be easy and enjoyable with quick access to top schools, the fun historic downtown district, and stores like Sprouts, Trader Joe's, & Costco. In a few minutes you and your four-legged friend can reach Bonnie Wenk Park to have some fun! Do not miss the opportunity to make this one-of-a-kind home yours!

Investor Tools

Property Icon
$498,559
Estimated Property Value
$180,544Estimated Mortgage Balance
$318,015Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,991 /month
Positive
Cash Flow Estimate:
$997 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$338/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,564
$498,559
2025
$126,500
$372,059
$498,559
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,564
$498,559

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ntfn Inc
Conventional
$200,000
No
First
May 3, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,544
$318,015
63%
36%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,200/mo
+$1,500/mo
6.5%

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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401 Cove Cir | Property Details | No Agent List