Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$387,152

NAL Estimated Property Value

5200 Promised Land Dr, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,801 Sq Ft
price_per_sqft$208.16 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringCarpet, Simulated Wood, Tile

Exterior

Exterior FeaturesRain Gutters, Private Yard

Building Information

Year Built2006
Stories1
Garage Spaces2

Land Information

APNR-8754-00C-0200-1
Lot Number20
SubdivisionSummit View Lake Phase One (Cmc)
Land UseResidential
Legal DescriptionSUMMIT VIEW LAKE PHASE ONE (CMC), BLK C, LOT 20
Census Tract030301
Assessed Land Value$110,250
Assessed Improvement Value$276,902
Assessment Year2025

About this property

This is the one you've been waiting for—an amazing opportunity to own a gorgeous home in Prosper ISD for under $400,000! Perfectly located in the highly sought-after Summit View Lake subdivision, this beautifully updated 3-bedroom, 2-bathroom home offers the ideal combination of comfort, style, and convenience. The open floor plan seamlessly connects the living, dining, and kitchen areas—perfect for entertaining or family gatherings. The split-bedroom layout offers privacy, with the spacious primary suite tucked away and featuring large windows, tiered ceilings, and a private en-suite bath complete with a garden tub, separate walk-in shower, and a generous closet. Major system updates have already been taken care of, including a Class 4 impact-resistant roof (installed and registered in 2018 with Owens Corning) for superior storm protection and potential insurance savings. Additionally, the foundation has been professionally repaired and certified by a licensed engineer in 2018, ensuring peace of mind for future homeowners. Step outside to a private backyard retreat—a perfect spot to unwind, enjoy outdoor dining, or take in some fresh air. The community amenities are second to none: enjoy a private fishing lake with covered pier, hike and bike trails, community pool, playground, and ample greenspace—it’s like having your own private state park in your backyard! All of this just minutes from Baylor Scott & White hospital, Costco, shopping, dining, and everything this thriving area of McKinney has to offer. Zoned to exemplary Prosper ISD schools. Don’t miss your chance—homes like this don’t come along often. Schedule your showing today before it’s gone!

Investor Tools

Property Icon
$387,152
Estimated Property Value
$277,148Estimated Mortgage Balance
$110,004Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,323 /month
Positive
Cash Flow Estimate:
$774 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$299/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,652
$387,152
2025
$110,250
$276,902
$387,152
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,652
$387,152

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New Wave Lending Group Inc
Conventional
$280,000
No
First
Oct 31, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$277,148
$110,004
28%
72%
$1,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,079/mo
+$621/mo
8.4%

City: McKinney

5200 Promised Land Dr | Property Details | No Agent List