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$400,737

NAL Estimated Property Value

4500 Wheat Field Dr, McKinney, TX, 75070

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,214 Sq Ft
price_per_sqft$160.34 / sqft
Year BuiltBuilt in 2005

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 Cooktop
FlooringCarpet, Ceramic Tile, Vinyl

Building Information

Year Built2005
Stories2
Garage Spaces2

Land Information

APNR-8425-00A-0420-1
Lot Number42
SubdivisionHarvest Bend Addition Phase One (Cmc)
Land UseResidential
Legal DescriptionHARVEST BEND ADDITION PHASE ONE (CMC), BLK A, LOT 42
Census Tract030516
Assessed Land Value$104,500
Assessed Improvement Value$296,237
Assessment Year2025

About this property

Beautiful east-facing, two-story home located in prestigious Frisco ISD. Just minutes from Highway 121, and easy access to Preston Road and all of the shopping, dining, and entertainment. This inviting home features a spacious living room, three bedrooms, and two-and-a-half bathrooms. The interior has been fully repainted and the front elevation beautified! Close to private neighborhood lake for catch-and-release fishing, as well as large neighborhood park with trails and playground. The neighborhood HOA is restricting investor purchase.

Investor Tools

Property Icon
$400,737
Estimated Property Value
$304,120Estimated Mortgage Balance
$96,617Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,404 /month
Positive
Cash Flow Estimate:
$801 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$664/month
$182/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,961
$400,737
2025
$104,500
$296,237
$400,737
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,961
$400,737

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexa Mortgage Llc
Conventional
$311,000
No
First
Feb 4, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$304,120
$96,617
24%
76%
$1,865/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$2,047/mo
+$393/mo
7.3%

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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4500 Wheat Field Dr | Property Details | No Agent List