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$370,553

NAL Estimated Property Value

421 Shumate Dr, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,686 Sq Ft
price_per_sqft$228.35 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Concrete, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-4142-00K-0090-1
Lot Number9
SubdivisionVillages Of Lake Forest Phase Ii (Cmc)
Land UseResidential
Legal DescriptionVILLAGES OF LAKE FOREST PHASE II (CMC), BLK K, LOT 9
Census Tract030548
Assessed Land Value$120,000
Assessed Improvement Value$250,553
Assessment Year2025

About this property

Price reduced and a 10k buyer credit for whatever you want. Buy the rate down? Lower the price even more? Reduce your closing costs? You can do all 3 if you want to. As you drive up you will notice the pride of ownership with beautiful landscaping with stone flowerbeds. As you walk through the custom wood front door, you'll enter into a very open plan, perfect for any situation. Kitchen and breakfast area overlook the open living room with the feel of one large area, perfect for entertaining or simply every day life, especially with the taller ceilings. Kitchen also boats solid surface corian countertops, island, gas cooktop, and Sparkling wood floors through most of the main areas. Plantation shutters! Primary bedroom split from the other 2, offering both privacy and convenience. Primary Bath has been updated with painted cabinets, oil rubbed bronze fixtures, make-up vanity, jetted tub, and large tile floors. 16 seer AC and additional insulation in attic. Tall trees in big backyard with retaining wall making it very private. This is McKinney ISD and within walking distance to McKinney Boyd as well as the community pool. Come see for yourself!

Investor Tools

Property Icon
$370,553
Estimated Property Value
$328,835Estimated Mortgage Balance
$41,718Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
$465/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,626
$370,553
2025
$120,000
$250,553
$370,553
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,626
$370,553

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zillow Home Loans Llc
Unknown
$330,750
No
First
Jan 22, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$328,835
$41,718
11%
89%
$1,984/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,449/mo
+$251/mo
8.7%

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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421 Shumate Dr | Property Details | No Agent List