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$529,044

NAL Estimated Property Value

5013 Promised Land Dr, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,799 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$203.64 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

BankruptcyOff-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, Gas Cooktop, Gas Oven, Microwave, Convection Oven, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesLighting, Private Yard

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APNR-8754-00D-0040-1
Lot Number4
SubdivisionSummit View Lake Phase One (Cmc)
Land UseResidential
Legal DescriptionSUMMIT VIEW LAKE PHASE ONE (CMC), BLK D, LOT 4
Census Tract030301
Assessed Land Value$105,000
Assessed Improvement Value$424,044
Assessment Year2025

About this property

Buyers cancelled for personal reasons, it had nothing to do with the condition of the house. Welcome to this extremely updated home located within the prestigious & highly desirable Prosper ISD. As you enter the home you are greeted with a formal living and a dining room with a trayed ceiling, all perfect for entertaining your guests. As you continue down the hall, you have an updated kitchen with granite countertops, subway tile backsplash and stainless steel appliances. The kitchen overlooks an additional living room with a gas log fireplace. Custom light fixtures, ceiling fans and decorator paint and style accents adorn the home throughout. Upstairs you’ll find a large game room, bedroom and a full bath. The backyard is an amazing & relaxing garden oasis featuring a custom pergola, lush landscaping, loads of seating areas, a board on board fence and storage shed. Down the street is a community pool that overlooks a fishing lake with a dock.

Investor Tools

Property Icon
$529,044
Estimated Property Value
$423,396Estimated Mortgage Balance
$105,648Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,420 /month
Positive
Cash Flow Estimate:
$1,140 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$943/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,676
$529,044
2025
$105,000
$424,044
$529,044
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,676
$529,044

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$456,000
No
First
Jul 7, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$423,396
$105,648
19%
80%
$2,734/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$3,384/mo
$-684/mo
6.1%

City: McKinney

5013 Promised Land Dr | Property Details | No Agent List