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$412,118

NAL Estimated Property Value

5308 Highlands Dr, McKinney, TX, 75070

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,754 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.8 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave
FlooringCarpet, Simulated Wood, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Private Yard

Building Information

Year Built1998
Stories1
Garage Spaces2

Land Information

APNR-3576-00Q-0360-1
Lot Number36
SubdivisionEldorado Heights Section Ii Phase Ii (Cm
Land UseResidential
Legal DescriptionELDORADO HEIGHTS SECTION II PHASE II (CMC), BLK Q, LOT 36
Census Tract030515
Assessed Land Value$130,000
Assessed Improvement Value$282,118
Assessment Year2025

About this property

This single-story brick home features a functional layout and natural light throughout. The entry leads to a front flex room with a bay window, suitable for a home office or dining space. At the center of the home, the living room includes wood-look flooring, built-in shelving, and a fireplace. It flows directly into the kitchen, which offers painted navy cabinetry, a center island, a breakfast bar, and white appliances. The attached breakfast nook features a bay window and backyard access. The primary bedroom includes an arched window and an en suite bathroom with split dual vanities, a corner garden tub, and a separate shower. Two secondary bedrooms share a full hallway bathroom, and a dedicated laundry room provides built-in storage shelves. Outside, the fenced backyard features a wood deck and a covered patio surrounded by mature trees. The property is situated in an established neighborhood within walking distance of multiple playgrounds and a local elementary school. Residents will enjoy quick access to nearby grocery stores, restaurants, and shopping, as well as a short 15-minute drive to major area sports and entertainment venues.

Investor Tools

Property Icon
$412,118
Estimated Property Value
$0Estimated Mortgage Balance
$412,118Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,473 /month
Positive
Cash Flow Estimate:
$824 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$549/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,525
$412,118
2025
$130,000
$282,118
$412,118
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,525
$412,118

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$412,118
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$400/mo
+$2,040/mo
7.1%

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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5308 Highlands Dr | Property Details | No Agent List