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$487,227

7813 Purple Martin Way, McKinney, TX, 75072

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,956 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.22 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Ice Maker, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Storage

Building Information

Year Built2000
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-4236-00D-0240-1
Lot Number24
SubdivisionEagle Creek (Cmc)
Land UseResidential
Legal DescriptionEAGLE CREEK (CMC), BLK D, LOT 24
Census Tract030529
Assessed Land Value$147,000
Assessed Improvement Value$340,227
Assessment Year2025

About this property

This adorable home has been a labor of love for the Sellers since they purchased it in 2014. As you enter the home, you are greeted with high ceilings, an open floor plan, beautiful hand scraped engineered hardwoods, plantation shutters & views of the gorgeous meticulously manicured backyard. The remodeled white & gray kitchen boosts Carrara marble counter tops, chrome chandelier pendants and all new appliances in 2016. Master bath remodel includes marble floors and frameless shower with coordinating subway tile. Fresh paint Exterior 2019 & 2020 Interior. All bedroom carpets replaced in 2020. Enjoy the Stonebridge Ranch long list of amenities - beach club, aquatic center, pools, many parks, tennis, trails, etc.

Investor Tools

Property Icon
$487,227
Estimated Property Value
$705,000Estimated Mortgage Balance
$0Estimated Equity
-45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,923 /month
Positive
Cash Flow Estimate:
$974 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$953/month
$840/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,996
$487,227
2025
$147,000
$340,227
$487,227
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,996
$487,227

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hightechlending Inc
Reverse Mortgage / Hecm
$705,000
No
First
May 2, 2023
Mar 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$666,217
N/A
0%
137%
$4,227/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,020/mo
$5,067/mo
$-2,047/mo
7.4%

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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