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$654,000

4513 Cherokee Dr, McKinney, TX, 75072

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,053 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.99 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Range, Gas Water Heater, Microwave, Convection Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2008
Stories2
Garage Spaces2

Land Information

APNR-9377-00B-0190-1
Lot Number19
SubdivisionFlagstone Phase I (Cmc)
Land UseResidential
Legal DescriptionFLAGSTONE PHASE I (CMC), BLK B, LOT 19
Census Tract030545
Assessed Land Value$160,000
Assessed Improvement Value$479,245
Assessment Year2025

About this property

Beautiful 4BR, 3.5BA home on a premium corner lot in highly sought-after central McKinney. All bedrooms on the first floor! Open-concept layout with stunning hardwood floors in main living areas. Welcoming front courtyard leads to casual living area and elegant dining with built-in serving bar and wine storage. Spacious main living room with gas fireplace opens to covered outdoor living space and built-in fire pit. Chef’s kitchen features rich wood cabinetry, granite countertops, stainless steel appliances, high-end gas cooktop, and breakfast bar. Private primary suite offers wall of windows, crown molding, and luxurious en-suite bath with dual sinks, granite, soaking tub, frameless glass shower, and oversized walk-in closet. Three additional spacious bedrooms off a bright hallway with courtyard views. Upstairs bonus game room with half bath—perfect for play or media. Excellent location near shopping, dining, and top-rated schools. Move-in ready and perfect for entertaining!

Investor Tools

Property Icon
$654,000
Estimated Property Value
$280,000Estimated Mortgage Balance
$419,556Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,924 /month
Positive
Cash Flow Estimate:
$1,308 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$784/month
$307/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,137
$639,245
2025
$160,000
$479,245
$639,245
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,137
$639,245

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Great Western Financial Services Inc
Stand Alone First / Home Equity First Lien
$280,000
No
First
Oct 28, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,444
$419,556
64%
36%
$1,703/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
$2,010/mo
+$1,010/mo
5.5%

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.

Explore Texas Explore This Area
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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