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$566,605

5613 Grove Cove Dr, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,032 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.97 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesWater Purifier, Dishwasher, Disposal, Gas Cooktop, Microwave, Refrigerator
FlooringCarpet, Hardwood

Exterior

Lot Size6,250 sqft

Building Information

Year Built2015
Stories2
Garage Spaces3

Land Information

APNR-10664-00U-0170-1
Lot Number17
SubdivisionHeatherwood Phase Four (Cmc)
Land UseResidential
Legal DescriptionHEATHERWOOD PHASE FOUR (CMC), BLK U, LOT 17
Census Tract030301
Assessed Land Value$140,000
Assessed Improvement Value$426,605
Assessment Year2025

About this property

Nestled in the heart of McKinney, Texas, Located within the prestigious Prosper Independent School District, and conveniently adjacent to Baker elementary school, this residence promises an exceptional living experience. Comprising three bedrooms and two and a half bathrooms, this home epitomizes comfort and style A spacious three-car garage offers both convenience and storage space. The gourmet kitchen featuring granite countertops and top-tier stainless steel appliances. Additional highlights of this residence include a dedicated office room for work or study, a game room for leisure and recreation, and a media room for cinematic experiences in your own home. Step out into the backyard oasis, This community provides a wealth of amenities, including a refreshing pool for those hot Texas days, a playground for youthful adventures, a covered picnic area for al fresco dining, a spray pavilion a serene catch-and-release pond, and scenic walking trails to explore.

Investor Tools

Property Icon
$566,605
Estimated Property Value
$247,000Estimated Mortgage Balance
$345,386Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,400 /month
Positive
Cash Flow Estimate:
$1,133 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$932/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,351
$566,605
2025
$140,000
$426,605
$566,605
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,351
$566,605

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pennymac Loan Services Llc
Conventional
$247,000
No
First
Dec 7, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,219
$345,386
60%
39%
$1,481/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,481/mo
+$1,219/mo
5.7%

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.

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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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