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$520,620

NAL Estimated Property Value

5301 Grove Cove Drive, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,626 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.64 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size6,362 sqft

Building Information

Year Built2013
Stories2
Garage Spaces2

Land Information

APNR-10374-00X-0310-1
Lot Number31
SubdivisionHeatherwood Phase Three C (Cmc)
Land UseResidential
Legal DescriptionHEATHERWOOD PHASE THREE C (CMC), BLK X, LOT 31
Census Tract030301
Assessed Land Value$140,000
Assessed Improvement Value$380,620
Assessment Year2025

About this property

Outstanding single owner north facing 4 bed 3.5 bath home with game room and .5 bath upstairs. Downstairs features 4 beds 3 baths with office and dining in addition to living and utility room. Gas cooktop, brand new microwave (2022), granite countertops with kitchen island. Gas fireplace in living room, wired for mounted TV as well. Covered patio with ample size back yard. Roof NEW June 2022 and fence NEW June 2022 that will be stained prior to closing. Community features huge pool and splash pad at the corner of Black Elm and Torreya. Walking distance to Baker Elementary.

Investor Tools

Property Icon
$520,620
Estimated Property Value
$471,910Estimated Mortgage Balance
$48,710Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,240 /month
Positive
Cash Flow Estimate:
$1,080 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,026/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,711
$520,620
2025
$140,000
$380,620
$520,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,711
$520,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Clm Mortgage Inc
Conventional
$508,250
No
First
Jul 25, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$471,910
$48,710
9%
91%
$3,048/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$3,243/mo
$-543/mo
6.2%

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.

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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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5301 Grove Cove Drive | Property Details | No Agent List