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$316,000

NAL Estimated Property Value

7970 Gus Wilson Dr, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,260 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.67 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Lot Size9,540 sqft

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APNR-13050-00E-0010-1
Lot Number1
SubdivisionHoney Creek Addition,
Land UseResidential Single Family
Legal DescriptionHONEY CREEK ADDITION, PHASE 1 (CMC), BLK E, LOT 1
Census Tract030202
Assessed Land Value$97,750
Assessed Improvement Value$215,149
Assessment Year2025

About this property

Fantastic opportunity to lease a brand-new home in the Preserve at Honey Creek. Nestled in McKinney, with all the amenities like a community pool, playground, and walking trails, makes this home quite appealing. Plus, having a huge backyard on a corner lot with a west-facing orientation can offer some beautiful sunset views. The convenience of being close to US-75 and 380 is definitely a plus for commuting or accessing nearby amenities. With tile throughout most of the home and carpet in the bedrooms, it is a comfortable and practical layout. A wonderful house to call home!

Investor Tools

Property Icon
$316,000
Estimated Property Value
$243,272Estimated Mortgage Balance
$72,728Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,896 /month
Positive
Cash Flow Estimate:
$632 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$333/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,416
$312,899
2025
$97,750
$215,149
$312,899
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,416
$312,899

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lennar Mortgage Llc
Conventional
$252,749
No
First
Apr 12, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,272
$72,728
23%
77%
$1,516/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,516/mo
+$1,184/mo
10.3%

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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7970 Gus Wilson Dr | Property Details | No Agent List