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$340,000

5341 Locust Dr, McKinney, TX, 75070

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,782 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$213.24 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Gas Oven, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Building Information

Year Built2013
Garage Spaces2

Land Information

APNR-9526-00D-011U-1
Lot Number11
SubdivisionPecan Park Addition (Cmc)
Land UseResidential Townhomes
Legal DescriptionPECAN PARK ADDITION (CMC), BLK D, LOT 11; ( UDI2023 ), UNDIVIDED INTEREST 50.0000000000% UDI2023
Census Tract030541
Assessed Land Value$47,500
Assessed Improvement Value$129,723
Assessment Year2025

About this property

Don't miss this spacious 2 bedroom, 2 and a half bath perfect townhome! With a large, open concept main living space and grand staircase, you are greeted immediately with all the comforts of a beautiful home. First level features enhanced functional storage between the pantry, cabinetry, storage closet, and garage. On the second floor you'll find both bedrooms with ensuite full baths as well as a fantastic flex space perfect for a home office, creative space, or whatever you'd like! The large laundry room is also conveniently located on the 2nd floor making laundry a bit less of a chore! HVAC replaced in Aug 2022 and has 10 year transferable warranty from Milestone. LVP installed in 2021, toilets recently replaced, and primary bathroom shower was remodeled in 2021. Sellers did a pre-listing inspection, report provided! HOA covers exterior, roof, common areas, pool, & pond. Amazing location close to tons of shopping & dining without feeling like you are in the middle of the city!

Investor Tools

Property Icon
$340,000
Estimated Property Value
$0Estimated Mortgage Balance
$340,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$422/month
$355/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,361
$177,223
2025
$47,500
$129,723
$177,223
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,361
$177,223

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$340,000
100%
0%
$0/mo

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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5341 Locust Dr | Property Details | No Agent List