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$614,588

5508 Datewood Ln, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,433 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.58 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Water Softener
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size8,279 sqft

Building Information

Year Built2015
Stories2
Garage Spaces2

Land Information

APNR-10664-00U-0350-1
Lot Number35
SubdivisionHeatherwood Phase Four (Cmc)
Land UseResidential
Legal DescriptionHEATHERWOOD PHASE FOUR (CMC), BLK U, LOT 35
Census Tract030301
Assessed Land Value$154,000
Assessed Improvement Value$460,588
Assessment Year2025

About this property

This beautifully built 2015 Highland home is loaded with upgrades, zoned to exemplary Prosper ISD, offers 2 bedrooms downstairs, separate game and media rooms with 2 bedrooms & 2 full bathrooms upstairs along with an additional flex space that can be used as a second study or craft room. The kitchen offers an eat in breakfast area, walk in pantry, stainless appliances, granite counters and an abundance of counter space. The oversized master suite features a garden tub, separate shower and large walk-in closet. The pool sized backyard offers a covered patio which is perfect for entertaining! The HOA has running trials, pool & parks. Roof and water heaters replaced August 2021.

Investor Tools

Property Icon
$614,588
Estimated Property Value
$536,750Estimated Mortgage Balance
$125,365Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,688 /month
Positive
Cash Flow Estimate:
$1,229 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,095/month
$390/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,061
$614,588
2025
$154,000
$460,588
$614,588
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,061
$614,588

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$536,750
No
First
Sep 22, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$489,223
$125,365
20%
80%
$3,219/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$3,609/mo
$-89/mo
6.9%

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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5508 Datewood Ln | Property Details | No Agent List