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$255,000

5500 Conch Train Road, McKinney, TX, 75070

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,558 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$163.67 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APNR-8823-00L-003A-1
Lot Number3A
SubdivisionHemmingway At Craig Ranch Phase 1 (Cmc)
Land UseResidential
Legal DescriptionHEMMINGWAY AT CRAIG RANCH PHASE 1 (CMC), BLK L, LOT 3A
Census Tract030542
Assessed Land Value$95,000
Assessed Improvement Value$247,108
Assessment Year2025

About this property

Beautifully updated 3 bedroom town home featuring new wood laminate floors from entry though hallway, living room, master bedroom, half bath, kitchen and breakfast nook. Home was also professionally painted and new carpet. Both bathrooms have been updated with granite counter tops, wide spread faucets and updated vanity light fixtures. Appliance have all been updated with higher end stainless steel appliances. Even the garage has been freshly painted including epoxy floors.

Investor Tools

Property Icon
$344,000
Estimated Property Value
$0Estimated Mortgage Balance
$158,523Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,064 /month
Positive
Cash Flow Estimate:
$688 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$637/month
$155/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,928
$342,108
2025
$95,000
$247,108
$342,108
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,928
$342,108

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Unknown
$216,000
No
First
Apr 8, 2019
May 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,477
$158,523
46%
54%
$1,296/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,940/mo
$1,451/mo
+$489/mo
6.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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