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$498,703

NAL Estimated Property Value

5120 Grovewood Dr, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,281 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.2 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size7,971 sqft

Building Information

Year Built2012
Stories1
Garage Spaces2

Land Information

APNR-10060-00W-0130-1
Lot Number13
SubdivisionHeatherwood Phase 3a (Cmc)
Land UseResidential
Legal DescriptionHEATHERWOOD PHASE 3A (CMC), BLK W, LOT 13
Census Tract030301
Assessed Land Value$140,000
Assessed Improvement Value$358,703
Assessment Year2025

About this property

Just when you thought your dream home was as elusive as your kid’s socks on laundry day, this gem pops up, waving a SELLER PAYS $15,000 flag TO COVER YOUR CLOSING COSTS! Picture this, 4 bedrooms, 2.5 baths where the only thing more versatile than the floorplan is your ability to turn the 12 x 16 covered patio into your personal retreat with private access from the master suite. SS steel appliances that shine brighter than your future, including a gas range that could finally make your cooking taste like something out of a 5-Star restaurant. And, just when you thought it couldn’t get any better, we’ve thrown in a new fence (nosy neighbors begone) a new roof (because we care about what’s over your head) fresh paint, & new carpet (toe wiggling goodness). Nestled on a treed lot with Prosper ISD’s Baker Elementary so close, kids can hopscotch their way to class! An oversized garage for 2 cars AND your secret superhero vehicle. Welcome to the good life, where the only thing missing is you.

Investor Tools

Property Icon
$498,703
Estimated Property Value
$382,892Estimated Mortgage Balance
$115,811Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$981/month
$205/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,276
$498,703
2025
$140,000
$358,703
$498,703
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,276
$498,703

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$384,000
No
First
Mar 2, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$382,892
$115,811
23%
77%
$2,303/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,508/mo
+$192/mo
6.5%

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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5120 Grovewood Dr | Property Details | No Agent List