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$496,234

NAL Estimated Property Value

5905 Summer Point Dr, McKinney, TX, 75072

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,169 Sq Ft
price_per_sqft$248.5 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCeramic Tile

Building Information

Year Built1989
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-2464-00A-0330-1
Lot Number33
SubdivisionSummer Point Phase I (Cmc)
Land UseResidential
Legal DescriptionSUMMER POINT PHASE I (CMC), BLK A, LOT 33
Census Tract030534
Assessed Land Value$130,000
Assessed Improvement Value$366,234
Assessment Year2025

About this property

This beautiful, fully renovated one story home is better than new, offering high end upgrades & custom design touches! In the sought after Summer Point neighborhood & part of the master-planned community of Stonebridge Ranch with fabulous resort-style amenities! Open floor plan with lots of windows & natural light throughout the main areas highlight the soft neutral colors & on-trend LVP flooring that go well with any decor. This chef's kitchen features freshly painted cabinetry, designer backsplash, and is equipped with stainless appliances: oven, microwave, & refrigerator included! The primary retreat allows for privacy & showcases a spacious ensuite with large walk-in closet, 2 separate vanities, gorgeous free-standing soaking tub, & walk-in shower.New front door, 2 fireplaces, plantation shutters, serene backyard with a koi waterfall wall! Highly rated McKinney ISD that feeds into Boyd HS! Quick access to major routes & an array of entertainment, restaurants & trendy hot spots!

Investor Tools

Property Icon
$496,234
Estimated Property Value
$852,904Estimated Mortgage Balance
$496,234Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,234 /month
Positive
Cash Flow Estimate:
$1,078 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$933/month
$1,463/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,720
$496,234
2025
$130,000
$366,234
$496,234
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,720
$496,234

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Boomerang Acceptance Llc
Credit Line (Revolving) / Heloc
$387,000
No
First
Apr 19, 2024
Oct 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$852,904
N/A
0%
172%
$5,223/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,320/mo
$6,686/mo
$-4,366/mo
5.6%

City: McKinney

5905 Summer Point Dr | Property Details | No Agent List