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$575,000

5425 Grove Cove Dr, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,310 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$248.92 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Water Heater
FlooringCarpet, Hardwood, Tile

Exterior

Exterior FeaturesBarbecue, Built-in Barbecue, Fire Pit, Gas Grill, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen
Lot Size6,362 sqft

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APNR-10664-00U-0070-1
Lot Number7
SubdivisionHeatherwood Phase Four (Cmc)
Land UseResidential
Legal DescriptionHEATHERWOOD PHASE FOUR (CMC), BLK U, LOT 7
Census Tract030301
Assessed Land Value$140,000
Assessed Improvement Value$391,650
Assessment Year2025

About this property

Welcome home to your own personal resort! This better than new home features 3 bed 2 full bath a formal dining, office, and flex space perfect for a gym, playroom, studio, or extra living space. Enter the home through the vast open hallway with high ceilings and wood floors throughout, past your office, and formal dining into the open chefs kitchen with custom oversized island, stainless appliances, gas, eat in kitchen, and built-in china cabinet and wine area. The open floor plan boasts a large living space with stone fireplace that opens to the kitchen. Retreat to the primary suite with large closet space, his and hers sinks, soaking tub and oversized shower. Escape to your dream back yard with built in kitchen, grill, smoker, ice chest, cook top, bar seating and more, relax in the zen garden or work on your golf game on your very own putting green. No detail is left undone. This one is a must see. Don't miss the 3D walk through and videos of the home. Showings start 5.26 5pm

Investor Tools

Property Icon
$531,650
Estimated Property Value
$529,000Estimated Mortgage Balance
$40,473Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$929/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,491
$531,650
2025
$140,000
$391,650
$531,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,491
$531,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Integrity Mortgage Corporation Of Texas
Conventional
$529,000
No
First
Jul 28, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$491,177
$40,473
7%
92%
$3,172/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$3,367/mo
$-667/mo
6.1%

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.

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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5425 Grove Cove Dr | Property Details | No Agent List