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$515,304

NAL Estimated Property Value

821 Summer Lane, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,322 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$150.73 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,042 sqft

Building Information

Year Built2017
Stories2
Garage Spaces2

Land Information

APNR-11124-00H-0030-1
Lot Number3
SubdivisionWillow Wood Phase 1 (Cmc)
Land UseResidential
Legal DescriptionWILLOW WOOD PHASE 1 (CMC), BLK H, LOT 3
Census Tract030201
Assessed Land Value$150,000
Assessed Improvement Value$365,304
Assessment Year2025

About this property

Immaculate 1.5 story home, built by Chesmar Homes in 2017. Large back yard with extended 16 x 16 patio for entertaining. Mahogany front door with wrought iron dress the front of the home along with mature landscape and a lovely brick and stone elevation. Upon entry handsome wood floors run through out the foyer, family, kitchen, dining & study. Open floor plan for entertaining. The kitchen has white cabinetry with a large island, granite countertops, SS appliances, gas cooktop and walk in oversized pantry! The fireplace in the family room is flanked by built in book shelves & cabinetry. Study has french doors. The large gameroom is upstairs and has a half bath. Could be used for a 4th bedroom. No MUD or PID tax

Investor Tools

Property Icon
$515,304
Estimated Property Value
$281,557Estimated Mortgage Balance
$233,747Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,092 /month
Positive
Cash Flow Estimate:
$1,031 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$785/month
$608/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,844
$515,304
2025
$150,000
$365,304
$515,304
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,844
$515,304

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willow Bend Mortgage Co
Conventional
$315,000
No
First
Nov 11, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,557
$233,747
45%
55%
$1,889/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,497/mo
+$203/mo
6.3%

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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821 Summer Lane | Property Details | No Agent List