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$439,215

NAL Estimated Property Value

5016 Cedar Elm Drive, McKinney, TX, 75070

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,999 Sq Ft
price_per_sqft$137.57 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesElectric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Laminate

Building Information

Year Built1998
Stories1
Garage Spaces2

Land Information

APNR-3828-00Q-0050-1
Lot Number5
SubdivisionEldorado Heights Section Ii Phase Viii (
Land UseResidential
Legal DescriptionELDORADO HEIGHTS SECTION II PHASE VIII (CMC), BLK Q, LOT 5
Census Tract030515
Assessed Land Value$130,000
Assessed Improvement Value$309,215
Assessment Year2025

About this property

Don't miss this opportunity to own a home in the highly coveted Eldorado Heights neighborhood. This 3 bedroom, 2 bathroom home is perfectly located one block from the gorgeous community pool and adventure filled park. Pride of ownership shines in this updated home. New, modern touches include light fixtures, sliding barn door, and engineered flooring throughout. Kitchen with its island and ample counter space, overlooks the dining and family room. The large master bedroom includes lots of storage and the spa-like master bath includes a garden tub, dual vanities and walk-in closet. Wind down and relax outdoors under the pergola overlooking the yard perfect for family entertaining.

Investor Tools

Property Icon
$439,215
Estimated Property Value
$218,934Estimated Mortgage Balance
$220,281Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,635 /month
Positive
Cash Flow Estimate:
$878 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$479/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,552
$439,215
2025
$130,000
$309,215
$439,215
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,552
$439,215

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$247,950
No
First
May 28, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,934
$220,281
50%
50%
$1,487/mo

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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5016 Cedar Elm Drive | Property Details | No Agent List