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$356,965

NAL Estimated Property Value

5109 Promised Land Dr, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,529 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.52 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Tile

Building Information

Year Built2008
Stories1
Garage Spaces2

Land Information

APNR-8754-00D-0080-1
Lot Number8
SubdivisionSummit View Lake Phase One (Cmc)
Land UseResidential
Legal DescriptionSUMMIT VIEW LAKE PHASE ONE (CMC), BLK D, LOT 8
Census Tract030301
Assessed Land Value$105,000
Assessed Improvement Value$251,965
Assessment Year2025

About this property

Discover your perfect haven in this remarkable McKinney gem with highly sought after Prosper schools, offering 3 bedrooms, 2 bathrooms, and a roomy 2-car garage. Situated in a beautiful neighborhood with a community pool and lake. Step inside to an open-concept living area bathed in natural light, that creates a warm and welcoming atmosphere. The kitchen boasts stained wood cabinetry, modern black appliances, and a convenient island perfect for casual dining or entertaining guests. The primary suite features a walk-in closet and an en-suite bath equipped with dual sinks and a relaxing soaking tub. Additional bedrooms are separate from the primary providing extra privacy. The exterior of this home captivates with charming curb appeal. A well-kept lawn and mature trees grace the front yard, offering a picturesque setting as you arrive. The back features a wooden fenced yard that ensures privacy along with shed and rain barrels. Conveniently located near top-rated schools, shopping, and dining options, this property presents the ultimate blend of suburban tranquility and urban convenience. This is the lifestyle you've been dreaming of—visit soon to see it for yourself!

Investor Tools

Property Icon
$356,965
Estimated Property Value
$298,959Estimated Mortgage Balance
$58,006Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,142 /month
Positive
Cash Flow Estimate:
$714 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$608/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,516
$356,965
2025
$105,000
$251,965
$356,965
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,516
$356,965

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zillow Home Loans Llc
Stand Alone First / Home Equity First Lien
$300,700
No
First
Jan 9, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$298,959
$58,006
16%
84%
$1,803/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,603/mo
+$97/mo
9.1%

City: McKinney

5109 Promised Land Dr | Property Details | No Agent List