$618,275
NAL Estimated Property Value601 S College St, McKinney, TX, 75069
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher, Gas Cooktop
FlooringCarpet, Ceramic Tile
Exterior
Lot Size9,583 sqft
Building Information
Year Built1985
Stories2
Garage Spaces2
Land Information
APNR-1460-000-0010-1
Lot Number1
SubdivisionField Subdivision (Cmc)
Land UseResidential
Legal DescriptionFIELD SUBDIVISION (CMC), LOT 1
Census Tract030802
Assessed Land Value$260,000
Assessed Improvement Value$358,275
Assessment Year2025
About this property
Multiple offers received. Best and final due by 6:00 on Sunday May 1st. Charming 2 story home near the Historic District of Mckinney just blocks away from the downtown square. Front porch that wraps to the side of the house, perfect spot to relax. Home features CAT 5 roof, HVAC replaced in 2013, New siding in 2017 & fence in 2021. 2 bedrooms upstairs & nice size bonus room above the garage.
Investor Tools
$618,275
Estimated Property Value
$373,092Estimated Mortgage Balance
$245,183Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,710 /month
Positive
Cash Flow Estimate:
$1,237 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$788/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,365
$618,275
2025
$260,000
$358,275
$618,275
No
Tax History
Year
Tax Paid
Assessed Value
2024
$6,365
$618,275
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$402,550
No
First
Jun 2, 2022
Jul 2052
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$373,092
$245,183
39%
60%
$2,414/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,414/mo
$-442/mo
3.8%
