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$570,597

NAL Estimated Property Value

5113 Grovewood Drive, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,925 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.79 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Washer
FlooringCarpet

Exterior

Lot Size8,059 sqft

Building Information

Year Built2012
Stories2
Garage Spaces2

Land Information

APNR-10060-0AA-0160-1
Lot Number16
SubdivisionHeatherwood Phase 3a (Cmc)
Land UseResidential
Legal DescriptionHEATHERWOOD PHASE 3A (CMC), BLK AA, LOT 16
Census Tract030301
Assessed Land Value$154,000
Assessed Improvement Value$416,597
Assessment Year2025

About this property

GORGEOUS home that backs to a greenbelt in PROSPER ISD! Don't miss your chance to see this spacious one and a half story north facing home that has upgrades galore. This highly sought after open floor plan has a study, formal dining, four bedrooms and two bathrooms downstairs plus a gameroom, media room, and half bath upstairs. With a 3 car garage this home also sits on an over-sized lot that backs up to a greenbelt making the huge backyard with extended covered patio a private space to relax or entertain in. The spacious eat-in kitchen overlooks the family room that is light and bright. Brand new roof and gutters plus entire interior, including trim freshly painted- all done last week! Kitchen refrigerator and washer & dryer staying with the home. Full home RING security system also conveys. This home is LIKE-NEW and is waiting for YOU! Located in an amazing community offering great amenities as well as a City of McKinney park and Prosper ISD Elementary school just down the street.

Investor Tools

Property Icon
$570,597
Estimated Property Value
$459,703Estimated Mortgage Balance
$110,894Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$999/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,135
$570,597
2025
$154,000
$416,597
$570,597
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,135
$570,597

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
V I P Mortgage Inc
Unknown
$496,000
No
First
Jun 9, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$459,703
$110,894
19%
81%
$2,974/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$3,169/mo
+$351/mo
7.4%

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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5113 Grovewood Drive | Property Details | No Agent List