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$312,000

NAL Estimated Property Value

509 W Erwin Ave, McKinney, TX, 75069

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,110 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$283.78 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
Heating Space/SuspendedHeating Space/Suspended
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size4,492 sqft

Building Information

Year Built1930
Stories1
Roof Type105

Land Information

APNR-0840-014-036A-1
Lot Number36A
SubdivisionWhites Addition (Cmc)
Land UseResidential
Legal DescriptionWHITES ADDITION (CMC), BLK 14, LOT 36A
Census Tract030702
Assessed Land Value$175,000
Assessed Improvement Value$130,185
Assessment Year2025

About this property

Step into this enchanting home nestled in the heart of downtown McKinney, where every detail exudes charm and style. This 2-bedroom, 1-bathroom abode boasts not only a prime location near the McKinney Square, but also luxurious features that will make you fall in love at first sight. Stunning warm wood floors, granite countertops, decorative light fixtures, and beautiful tile add a touch of style to this gorgeous home! The large utility room in the back is a great place for a home office, craft room, play room, or second living area! Outside, the private backyard beckons you to unwind on the quaint rear porch, surrounded by lush greenery, mature trees, and serenity. Backyard shed for extra convenience. Updates include fresh paint, tile flooring, and upgraded bathroom. Foundation repairs complete with transferable warranty. This well-maintained, move in ready home is a true gem, offering a perfect blend of modern amenities and classic charm. Don't miss the opportunity to make this captivating residence your own!

Investor Tools

Property Icon
$312,000
Estimated Property Value
$210,546Estimated Mortgage Balance
$101,454Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$587/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,483
$305,185
2025
$175,000
$130,185
$305,185
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,483
$305,185

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
4u Fcu
Commercial
$228,000
No
First
May 2, 2022
May 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,546
$101,454
32%
67%
$1,367/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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509 W Erwin Ave | Property Details | No Agent List