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$419,000

5101 Raincrest Dr, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,407 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$174.08 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Laminate, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard, Storage

Building Information

Year Built1999
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-4142-00E-0110-1
Lot Number11
SubdivisionVillages Of Lake Forest Phase Ii (Cmc)
Land UseResidential
Legal DescriptionVILLAGES OF LAKE FOREST PHASE II (CMC), BLK E, LOT 11
Census Tract030548
Assessed Land Value$144,000
Assessed Improvement Value$297,705
Assessment Year2025

About this property

Recently reduced to $419,000 — best value in Villages of Lake Forest! This spacious single-story home offers a flexible layout, recent updates, and an incredible opportunity to customize and build equity in one of McKinney’s most desirable neighborhoods. Located in the established Villages of Lake Forest, this home features a split-bedroom design with three bedrooms, a private study with French doors, and a formal dining room—ideal for both everyday living and working from home. The open living area flows into a large kitchen with abundant cabinetry and counter space, creating a functional layout perfect for entertaining or daily life. The private primary suite includes a sitting area, soaking tub, and separate shower, offering a comfortable retreat. Recent improvements include remodeled bathrooms with updated tile and surrounds, new glass enclosures, upgraded hardware, partial plumbing updates, and enhanced tile flooring. A versatile bonus room adds even more flexibility—perfect for a home office, gym, or playroom. Step outside to a spacious backyard with mature shade trees and a storage shed, providing a peaceful setting for relaxing or hosting. Conveniently located just minutes from Historic Downtown McKinney, and close to shopping, dining, trails, a community pool, and McKinney Boyd High School. Thoughtfully updated and priced to reflect today’s market—this is a standout opportunity in a prime location.

Investor Tools

Property Icon
$441,705
Estimated Property Value
$336,000Estimated Mortgage Balance
$119,358Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,650 /month
Positive
Cash Flow Estimate:
$883 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$829/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,735
$441,705
2025
$144,000
$297,705
$441,705
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,735
$441,705

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Luminate Home Loans Inc
Conventional
$336,000
No
First
Mar 7, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$322,347
$119,358
27%
73%
$2,015/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,565/mo
+$135/mo
7.3%

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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5101 Raincrest Dr | Property Details | No Agent List