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$604,572

NAL Estimated Property Value

408 Lake Village Drive, McKinney, TX, 75071

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,123 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$134.45 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

BankruptcyOff-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool

Building Information

Year Built2002
Stories2
Garage Spaces2

Land Information

APNR-4767-00D-0100-1
Lot Number10
SubdivisionVillages Of Lake Forest Phase Iii (Cmc)
Land UseResidential
Legal DescriptionVILLAGES OF LAKE FOREST PHASE III (CMC), BLK D, LOT 10
Census Tract030548
Assessed Land Value$187,200
Assessed Improvement Value$417,372
Assessment Year2025

About this property

Stunning Grand Build Home. Escape to the tree-lined backyard with an oasis pool and huge flagstone deck. This home has been Completely renovated in 2018 with stunning quartz counters in the kitchen, master, and bathroom, Designer tile fireplace, and subway tile back splash, just to name a few. This home is a stunner! Amazing master bathroom with Ceramic tile and walk in shower makes for a spa like feeling. 5 bedrooms, 2.5 bathrooms and a large loft. This home is not to be missed and will surely not disappoint!

Investor Tools

Property Icon
$604,572
Estimated Property Value
$297,017Estimated Mortgage Balance
$307,555Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,627 /month
Positive
Cash Flow Estimate:
$1,209 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,006/month
$465/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,049
$604,572
2025
$187,200
$417,372
$604,572
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,049
$604,572

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Premia Mortgage Llc
Conventional
$335,000
No
First
Jul 6, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,017
$307,555
50%
49%
$2,009/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,474/mo
+$1,046/mo
7.0%

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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408 Lake Village Drive | Property Details | No Agent List