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$492,001

NAL Estimated Property Value

5229 Fringetree Dr, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,294 Sq Ft
price_per_sqft$213.6 / sqft
Year BuiltBuilt in 2012

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
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Lot Size6,490 sqft

Building Information

Year Built2012
Stories1
Garage Spaces2

Land Information

APNR-10148-00Z-0360-1
Lot Number36
SubdivisionHeatherwood Phase Three B (Cmc)
Land UseResidential
Legal DescriptionHEATHERWOOD PHASE THREE B (CMC), BLK Z, LOT 36
Census Tract030301
Assessed Land Value$140,000
Assessed Improvement Value$352,001
Assessment Year2025

About this property

One owner home with no pets. Open floorplan with study at the front of the home and features double doors. Large formal dining room with plenty of room to extend your table for entertaining. Kitchen with large granite island and room for barstools. Ample amount of cabinets. This flows to the living area. You can cook and watch TV or flip on the switch and have a fire in your stone fireplace. This living room opens to a covered patio and landscaped backyard. Great primary bedroom is separate from the other bedrooms and has a big open bath with corner tub, separate vanities, commode room and separate shower. A real bonus, the primary closet is large. The second living area could be a gameroom or TV room as meets your needs. It features a closet. The utility room has room for a freezer and is off the garage. New wall paint inside. Front and back doors have the glass screen doors.

Investor Tools

Property Icon
$492,001
Estimated Property Value
$338,730Estimated Mortgage Balance
$153,271Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,952 /month
Positive
Cash Flow Estimate:
$984 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$432/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,726
$492,001
2025
$140,000
$352,001
$492,001
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,726
$492,001

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Randolph Brooks Fcu
Conventional
$352,500
No
First
Mar 25, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$338,730
$153,271
31%
69%
$2,114/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,414/mo
+$286/mo
6.6%

Learn About the Market: Opportunity in Texas

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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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5229 Fringetree Dr | Property Details | No Agent List