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$639,419

NAL Estimated Property Value

612 Lake Village Drive, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,318 Sq Ft
price_per_sqft$150.39 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Water Heater, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
FlooringCarpet, Laminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Lighting, Outdoor Grill, Other, Private Yard, Rain Gutters

Building Information

Year Built2003
Stories2
Garage Spaces2

Land Information

APNR-4767-00D-0190-1
Lot Number19
SubdivisionVillages Of Lake Forest Phase Iii (Cmc)
Land UseResidential
Legal DescriptionVILLAGES OF LAKE FOREST PHASE III (CMC), BLK D, LOT 19
Census Tract030548
Assessed Land Value$223,200
Assessed Improvement Value$416,219
Assessment Year2025

About this property

**Huge .48 Acre Corner Lot** Here is your chance to score a great house in a highly sought after neighborhood with McKinney Schools! Bring your full renovation ideas and don't let this one get away! Create your own compound with large outdoor patio, built-in gas grill, outdoor fireplace & Bonus Garage w loft space above that could be turned into whatever you like! Soaring ceilings and natural light will greet you in the foyer. Office with built-in shelving and french doors. Primary Bdrm w Ensuite Bath featuring separate vanities, dual sinks, garden tub, separate shower, and huge walk-in closet. Floor to ceiling windows in main living area w gas fireplace. Spacious kitchen with loads of storage, walk-in pantry, kitchen island, dry bar or butler's area, and gas range. Located just minutes away from McKinney Boyd High School. Community pool and playground. Was under contract and backup with multiple offers previously due to litigation between sellers. Signed agreement in place. Sold as is

Investor Tools

Property Icon
$639,419
Estimated Property Value
$0Estimated Mortgage Balance
$639,419Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,837 /month
Positive
Cash Flow Estimate:
$1,279 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,210/month
$465/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,323
$639,419
2025
$223,200
$416,219
$639,419
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,323
$639,419

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$639,419
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$465/mo
+$2,235/mo
5.1%

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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