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$450,000

7908 Elk Mountain Trl, McKinney, TX, 75070

PendingInfo
Beds3 Beds
Baths3 Bath
Baths2,436 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.73 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Range, Ice Maker
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Gas Grill, Outdoor Grill, Outdoor Kitchen, Garden

Building Information

Year Built2004
Stories2
Garage Spaces2

Land Information

APNR-8325-0AD-0210-1
Lot Number21
SubdivisionCraig Ranch North Phase 2b (Cmc)
Land UseResidential
Legal DescriptionCRAIG RANCH NORTH PHASE 2B (CMC), BLK AD, LOT 21
Census Tract030517
Assessed Land Value$115,000
Assessed Improvement Value$362,927
Assessment Year2025

About this property

Tucked within the sought-after Craig Ranch North and zoned to Frisco ISD, this home offers the perfect balance of comfortable everyday living and unforgettable outdoor entertaining. Inside, a functional floor plan offers the flexibility to fit every stage of life. The primary suite is conveniently located on the first floor, creating a private retreat separate from the secondary bedrooms. Fresh interior paint, plantation shutters, natural light, and a warm, inviting layout make the home feel welcoming from the moment you step inside. The living room centers around a gas fireplace and flows into the kitchen and breakfast area, creating an ideal space for both daily life and entertaining. The kitchen features gas cooking, while a formal dining room with crown molding offers versatility for gatherings, celebrations, or a dedicated home office. The garage is wire-ready for an EV charger, offering added convenience for today's lifestyle. Upstairs, two secondary bedrooms, a full bath, and an oversized game room provide the flexibility for a variety of living needs. Outside is where this home truly shines. Framed by palm trees and tropical landscaping, the backyard was designed for making memories. Enjoy warm Texas afternoons in the pool and spa, relax beneath the cabana-style covered patio, or gather for backyard barbecues and celebrations. It's the kind of space that invites you to slow down, stay awhile, and make the most of every season. Residents of Craig Ranch North enjoy access to two community pools, a playground, scenic ponds and water features, and more than 12 acres of parks and greenbelt space. Conveniently located near Adriatica Village, Historic Downtown McKinney, shopping, dining, golf, and major commuter routes, you'll enjoy close proximity to everything that makes this area one of McKinney's most desirable places to call home. If you've been searching for a home that offers flexible living spaces and a backyard worth staying home for, you've found it.

Investor Tools

$359,435Estimated Mortgage Balance
$119,046Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,868 /month
Positive
Cash Flow Estimate:
$956 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$729/month
$930/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,352
$477,927
2025
$115,000
$362,927
$477,927
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,352
$477,927

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
V I P Mortgage Inc
Conventional
$367,000
No
First
May 28, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$359,435
$118,492
24%
75%
$2,201/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$3,131/mo
$-691/mo
6.1%

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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