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$2,150

5505 Cedar Elm Dr, McKinney, TX, 75070

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,666 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.29 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Laminate

Building Information

Year Built2003
Stories1
Garage Spaces1

Land Information

APNR-8062-0BB-0070-1
Lot Number7
SubdivisionEldorado Heights Section Ii Phase V-B (C
Land UseResidential
Legal DescriptionELDORADO HEIGHTS SECTION II PHASE V-B (CMC), BLK BB, LOT 7
Census Tract030515
Assessed Land Value$126,000
Assessed Improvement Value$247,124
Assessment Year2025

About this property

Beautiful home in Eldorado Heights. Great open floor plan. Large family room with a corner fireplace with a tile surround and floating mantle opens to the kitchen. Spacious kitchen with plenty of counter and cabinet space features a large breakfast bar. Breakfast nook which boasts a charming bay window. Private Master features walk in closet. House also features vaulted ceilings, lighted ceiling fans, arched windows and more. Good size secondary bedrooms. Spacious backyard to enjoy the outdoors. Great Location!!! Close to shopping centers, Malls & major Hwys. A MUST SEE.

Investor Tools

Property Icon
$374,000
Estimated Property Value
$213,750Estimated Mortgage Balance
$182,561Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,244 /month
Positive
Cash Flow Estimate:
$748 /month

Interested in this property?

Jeff Cheney

Monument Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$713/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,690
$373,124
2025
$126,000
$247,124
$373,124
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,690
$373,124

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Western Mortgage Corp
Conventional
$213,750
No
First
Feb 12, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,439
$182,561
48%
51%
$1,282/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$1,282/mo
+$1,158/mo
7.8%

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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5505 Cedar Elm Dr | Property Details | No Agent List