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$570,303

NAL Estimated Property Value

7308 Teakwood Dr, McKinney, TX, 75072

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,326 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.08 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-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
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2005
Stories2
Garage Spaces2

Land Information

APNR-8089-00C-0020-1
Lot Number2
SubdivisionCanyon Estates (Cmc)
Land UseResidential
Legal DescriptionCANYON ESTATES (CMC), BLK C, LOT 2
Census Tract030531
Assessed Land Value$130,000
Assessed Improvement Value$440,303
Assessment Year2025

About this property

A special, beautiful and well-kept home for lease. Upgrades abound with hardwood flooring and kitchen granite countertops. Large functional rooms including the main living room which is wired for sound and an upstairs game room for the kids retreat. The private backyard with an 8 ft board-on-board fence is a great place to relax or play with the kids. You’ll love how close this home is to kids activities at the Apex Center and McKinney PSA. Great elementary and middle schools are just step away.

Investor Tools

Property Icon
$570,303
Estimated Property Value
$318,700Estimated Mortgage Balance
$251,603Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,422 /month
Positive
Cash Flow Estimate:
$1,141 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,053/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,786
$570,303
2025
$130,000
$440,303
$570,303
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,786
$570,303

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wintex Group Llc
Conventional
$351,000
No
First
Jul 23, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$318,700
$251,603
44%
56%
$2,105/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
$2,105/mo
+$915/mo
6.4%

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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7308 Teakwood Dr | Property Details | No Agent List