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Days37Days on Market
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$559,000

$575,000

5128 Grove Cove Dr, McKinney, TX, 75071

On MarketInfo
Price DropInfo
Beds5 Beds
Baths3 Bath
Baths3,365 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.12 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size6,408 sqft

Building Information

Year Built2013
Stories2
Garage Spaces2

Land Information

APNR-10374-00W-0740-1
Lot Number74
SubdivisionHeatherwood Phase Three C (Cmc)
Land UseResidential
Legal DescriptionHEATHERWOOD PHASE THREE C (CMC), BLK W, LOT 74
Census Tract030301
Assessed Land Value$140,000
Assessed Improvement Value$448,218
Assessment Year2025

About this property

Where timeless design meets exceptional functionality, this stunning two-story home offers the perfect balance of elegance, comfort, and everyday living. A grand foyer welcomes you into an impressive living room with soaring vaulted ceilings and a striking stone fireplace, creating a warm yet dramatic focal point. The open-concept layout flows effortlessly into the kitchen, where a large center island, eat-in dining area, abundant cabinetry, and generous prep space make entertaining and daily life equally enjoyable. A convenient mudroom just off the garage entry adds practicality to the thoughtful design. The main level features a private office and two bedrooms, including a spacious primary suite tucked away for added privacy. The primary retreat offers a large walk-in closet and a well-appointed ensuite bath with dual vanities, a soaking tub, and a separate shower. Upstairs, you'll find three additional bedrooms, a versatile game room equipped with a pool table and all the accessories, and a dedicated media room, providing plenty of space for family, guests, and recreation. Outside, the covered patio overlooks a fenced backyard, creating the perfect setting for weekend barbecues, outdoor dining, or simply unwinding at the end of the day. Conveniently located near Baker Elementary, neighborhood parks, playgrounds, and the community pool, this exceptional home offers the space, versatility, and location today's buyers have been searching for. This home includes Prosper ISD schools and McKinney town benefits. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.

Investor Tools

$232,928Estimated Mortgage Balance
$355,290Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,529 /month
Positive
Cash Flow Estimate:
$1,176 /month

Interested in this property?

Kelli Burke

Orchard Brokerage

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$987/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,906
$588,218
2025
$140,000
$448,218
$588,218
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,906
$588,218

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homelight Home Loans Inc
Stand Alone Second / Subordinate Position
$233,264
No
First
Jun 2, 2026
Oct 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,928
$355,290
60%
40%
$1,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$1,639/mo
+$1,881/mo
7.2%

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.

Explore Texas Explore This Area
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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5128 Grove Cove Dr | Property Details | No Agent List