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$414,000

NAL Estimated Property Value

5008 White Spruce Drive, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,987 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$186.21 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Building Information

Year Built2010
Stories1
Garage Spaces2

Land Information

APNR-8937-00J-0180-1
Lot Number18
SubdivisionHeatherwood Phase One (Cmc)
Land UseResidential
Legal DescriptionHEATHERWOOD PHASE ONE (CMC), BLK J, LOT 18
Census Tract030301
Assessed Land Value$132,250
Assessed Improvement Value$281,750
Assessment Year2025

About this property

A wonderful single-story home in Heatherwood, in the highly sought after Prosper ISD. Modern, clean lines with tons of upgrades in an open concept floorplan with a lot of light throughout. Formal dining and large great room with spacious kitchen, breakfast bar, living room with fireplace, great for entertaining. Perfectly situated away from secondary bedrooms, the oversized master suite boasts a garden tub, separate vanities, and a spacious walk-in closet that has been newly upgraded with customizable shelving. The backyard is beautifully landscaped with a private gate for long walks in the greenspace behind the home. Or unwind at the community pool, just a block away.

Investor Tools

Property Icon
$414,000
Estimated Property Value
$298,888Estimated Mortgage Balance
$115,112Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,484 /month
Positive
Cash Flow Estimate:
$828 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$775/month
$198/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,231
$414,000
2025
$132,250
$281,750
$414,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,231
$414,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Credit Union Of Texas
Conventional
$328,550
No
First
Aug 27, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$298,888
$115,112
27%
72%
$1,970/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,168/mo
+$532/mo
7.8%

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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5008 White Spruce Drive | Property Details | No Agent List