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$426,000

NAL Estimated Property Value

4708 Desert Palms Dr, McKinney, TX, 75070

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,933 Sq Ft
price_per_sqft$222.4 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Microwave
FlooringCeramic Tile, Hardwood

Exterior

Private PoolPrivate Pool

Building Information

Year Built2003
Stories1
Garage Spaces1

Land Information

APNR-8052-00I-0050-1
Lot Number5
SubdivisionCraig Ranch North Phase 1b (Cmc)
Land UseResidential
Legal DescriptionCRAIG RANCH NORTH PHASE 1B (CMC), BLK I, LOT 5
Census Tract030517
Assessed Land Value$115,000
Assessed Improvement Value$310,562
Assessment Year2025

About this property

Welcome to 4708 Desert Palms Dr — a beautifully maintained one-story home perfectly situated in a charming, park-like setting directly across from the community park and resort-style amenity center with tranquil ponds and elegant fountains. This move-in-ready gem features numerous updates, including hardwood flooring throughout, updated kitchen with quartz countertops, and updated bathrooms. Designed for both comfort and functionality, the private front office or flex space sits behind French doors and showcases a lovely bay window with plantation shutters overlooking peaceful park views. The spacious primary suite serves as a relaxing retreat with an ensuite bath featuring a soaking tub, separate shower, and generous walk-in closet. Two additional bedrooms and a well-appointed full bath provide flexibility for family, guests, or additional workspace. Step into your own backyard retreat, complete with a covered patio and sparkling pool — ideal for entertaining or unwinding after a long day. Situated in the highly sought-after Craig Ranch community, this exceptional home is zoned to award-winning Frisco ISD schools and offers convenient access to premier shopping, dining, and entertainment.

Investor Tools

Property Icon
$426,000
Estimated Property Value
$228,031Estimated Mortgage Balance
$197,969Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,579 /month
Positive
Cash Flow Estimate:
$860 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$761/month
$930/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,002
$425,562
2025
$115,000
$310,562
$425,562
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,002
$425,562

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Provident Funding Associates Lp
Conventional
$254,100
No
First
Feb 16, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,031
$197,969
46%
54%
$1,524/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$2,454/mo
$-14/mo
6.9%

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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