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Owner Contacts

$575,000

5601 Merchant Dr, McKinney, TX, 75071

Off Market

3 Beds

3 Bath

2,691 Sq Ft

Single Family Residence

$213.68 / sqft

Built in 2019

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave

FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Lot Size9,235 sqft

Building Information

Year Built2019

Stories2

Garage Spaces2

Land Information

APNR-11580-00X-0300-1

Lot Number30

SubdivisionAuburn Hills Phase 4 (Cmc)

Land UseResidential

Legal DescriptionAUBURN HILLS PHASE 4 (CMC), BLK X, LOT 30

Census Tract030301

Assessed Land Value$154,000

Assessed Improvement Value$448,078

Assessment Year2025

About this property

Like-new 3 bed, 3 full bath home with an oversized, fully-insulated garage and large corner premium lot- located in one of McKinney’s most sought-after communities, Auburn Hills! The living area opens to the kitchen & large island, w a breakfast nook & upgraded stainless appliances. Large master suite w bay window plus a master bath w dual vanity, garden tub & a walk-in shower. Upstairs bedroom w new ceiling fan, full bath & a 2nd living room or game room. Backyard oasis includes a 16x23 covered patio with stamped concrete & natural gas hookup. Magnolia trees & a live Oak adorn the yard w an extended dual-gated fence on both sides of the house. Upgraded garage door opener for hand-built thick wood door. Design features:luxury tile floors, quartz countertops, 36-inch 5-burner cooktop w a hood & a smart home package that includes wireless access points, voice control, a smart garage opener & smart entry lock. Home is within walking distance to Reeves Elementary in Prosper ISD.

Investor Tools

$602,078

Estimated Property Value

$570,950Estimated Mortgage Balance

$0Estimated Equity

5% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,612 /month

Positive

Cash Flow Estimate:

$1,204 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,087/month

$188/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,029

$602,078

2025

$154,000

$448,078

$602,078

Tax History

Year

Tax Paid

Assessed Value

2024

$10,029

$602,078

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Provident Funding Associates Lp

Unknown

$570,950

First

Apr 10, 2023

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,048,880

N/A

174%

$6,667/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,520/mo

$6,855/mo

$-3,335/mo

7.0%

Learn About the Market: Opportunity in Texas

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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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