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$474,000

NAL Estimated Property Value

5001 Promised Land Dr, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,798 Sq Ft
price_per_sqft$167.98 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Warming Drawer, Washer
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Private Yard

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APNR-8754-00D-0010-1
Lot Number1
SubdivisionSummit View Lake Phase One (Cmc)
Land UseResidential
Legal DescriptionSUMMIT VIEW LAKE PHASE ONE (CMC), BLK D, LOT 1
Census Tract030301
Assessed Land Value$109,725
Assessed Improvement Value$349,433
Assessment Year2025

About this property

PRICE IMPROVEMENT on this spacious home with large backyard! When you enter the foyer of this home, you'll immediately notice the tall ceilings, making it feel open and airy. There's a large, open-concept kitchen and living space with separate dining room and eat-in kitchen. All appliances stay with the home, including refrigerator, microwave, washer and dryer. The downstairs primary bedroom overlooks the backyard and has an ensuite bathroom with garden tub and dual sinks. Upstairs, enjoy a giant game room or second living room with attached wet bar. The pool table and wet bar appliances stay with the home and are yours to enjoy! Upstairs you'll also find a large bedroom and full bathroom. Step into the backyard and you'll envision sunny days of playing in the grassy yard and cool nights grilling out on the deck. Schedule your showing of this wonderful home today!

Investor Tools

Property Icon
$474,000
Estimated Property Value
$339,019Estimated Mortgage Balance
$134,981Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,844 /month
Positive
Cash Flow Estimate:
$948 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$944/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,953
$459,158
2025
$109,725
$349,433
$459,158
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,953
$459,158

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bpl Mortgage Llc
Commercial
$340,000
No
First
Mar 24, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$339,019
$134,981
28%
72%
$2,039/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,789/mo
$-89/mo
6.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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5001 Promised Land Dr | Property Details | No Agent List