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$311,519

NAL Estimated Property Value

575 S Virginia Hills Drive 3001, McKinney, TX, 75072

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,184 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$261.82 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size3,553 sqft

Building Information

Year Built2006
Stories1
Garage Spaces2

Land Information

APNR-8655-030-3001-1
Lot Number3001
SubdivisionVillas Of Westridge (Cmc)
Land UseResidential
Legal DescriptionVILLAS OF WESTRIDGE (CMC), BLDG 30, UNIT 3001, .348 % CMN INT
Census Tract030539
Assessed Land Value$98,000
Assessed Improvement Value$213,519
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED! Low maintenance living at its finest in this beautifully maintained one-story, corner condo near the Dog Park. Gated community offers a club house with gym and community pool. Wonderful open concept floor plan makes entertaining a joy! The large kitchen features granite counters and full appliance package plus a stainless-steel refrigerator. Adjacent utility room includes a washer & dryer. Spacious central living area with a study-alcove or intimate dining space. Split bedrooms offer privacy for roommates. Master bedroom has a big walk-in closet with built-in drawers, granite vanity, relaxing garden tub and separate shower. 2nd bedroom has an ensuite bath. Fenced patio courtyard. Attached 2-car garage with direct access to interior of condo. HOA requires residents to park vehicles in the garage. HOA has 1 year Owner-Occupancy Requirements so investors should read HOA CCR's & Resale Certificate before scheduling an appointment. HOA also enforces pet rules.

Investor Tools

Property Icon
$311,519
Estimated Property Value
$229,015Estimated Mortgage Balance
$82,504Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,869 /month
Positive
Cash Flow Estimate:
$623 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
$521/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,256
$311,519
2025
$98,000
$213,519
$311,519
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,256
$311,519

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$248,000
No
First
Apr 4, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,015
$82,504
26%
74%
$1,487/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,840/mo
$2,008/mo
$-168/mo
7.1%

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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575 S Virginia Hills Drive 3001 | Property Details | No Agent List