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$450,627

NAL Estimated Property Value

8000 Heritage Palms Trl, McKinney, TX, 75070

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,913 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.55 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Tile, Wood, Vinyl

Exterior

Exterior FeaturesLighting, Private Yard

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APNR-8052-00K-0070-1
Lot Number7
SubdivisionCraig Ranch North Phase 1b (Cmc)
Land UseResidential
Legal DescriptionCRAIG RANCH NORTH PHASE 1B (CMC), BLK K, LOT 7
Census Tract030517
Assessed Land Value$115,000
Assessed Improvement Value$335,627
Assessment Year2025

About this property

Nestled in the sought-after Craig Ranch neighborhood, this charming 3 bed, 2 bath single-story home offers 1,913 square feet of thoughtfully designed living space. Built in 2004, the home boasts an open floor plan that seamlessly connects the living, dining, and kitchen areas—perfect for entertaining or enjoying cozy evenings at home. A versatile study adds even more flexibility, whether you need a home office, gym, or creative retreat. The kitchen is bright and inviting, with plenty of counter space and storage to make meal prep a breeze. The primary suite offers a peaceful escape with a spacious layout and an ensuite bathroom. Two additional bedrooms provide ample room for family or guests. Beyond the home’s charming interior, the location is a dream. Craig Ranch is known for its vibrant community feel, and with easy access to US 75 and Highway 121, commuting is a breeze. Spend weekends exploring nearby shopping, dining, and entertainment hotspots like The HUB, Hub 121, and District 121—all just a stone’s throw away. This home is a true gem, offering the perfect blend of comfort, convenience, and lifestyle. Don’t miss your chance to make it yours!

Investor Tools

Property Icon
$450,627
Estimated Property Value
$358,051Estimated Mortgage Balance
$92,576Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,704 /month
Positive
Cash Flow Estimate:
$901 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$683/month
$930/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,939
$450,627
2025
$115,000
$335,627
$450,627
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,939
$450,627

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Geneva Financial Llc
Conventional
$372,000
No
First
Apr 11, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$358,051
$92,576
20%
79%
$2,231/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$3,161/mo
$-721/mo
6.5%

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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8000 Heritage Palms Trl | Property Details | No Agent List