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$415,000

NAL Estimated Property Value

8505 Honeylocust St, McKinney, TX, 75071

SoldInfo
8/11/26
Beds4 Beds
Baths2 Bath
Baths1,966 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.2 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Building Information

Year Built2024
Stories1
Garage Spaces2

Land Information

APNR-12899-0AI-0240-1
Lot Number24
SubdivisionPreserve At Honey Creek Phase 7 (Cmc)
Land UseResidential
Legal DescriptionPRESERVE AT HONEY CREEK PHASE 7 (CMC), BLK AI, LOT 24
Census Tract030202
Assessed Land Value$120,000
Assessed Improvement Value$295,000
Assessment Year2025

About this property

Stunning and beautifully designed single-story home in the sought-after Preserve at Honey Creek community, featuring 4 bedrooms, 2 bathrooms, a separate dining room, a spacious family room, and an attached 2-car garage. The expansive open-concept kitchen flows seamlessly into the family room, creating the perfect space for everyday living and entertaining, while the thoughtfully designed layout offers added privacy with the primary suite separated from the secondary bedrooms that share a full bath. Residents can enjoy community amenities including a children's playground, picnic area, and paved, lighted walking trails, all while benefiting from a prime location near Highway I-75 and SH 121, zoned to the highly acclaimed McKinney ISD. For added convenience, the home also includes a refrigerator, washer, and dryer, making it move-in ready.

Investor Tools

Property Icon
$415,000
Estimated Property Value
$320,069Estimated Mortgage Balance
$95,449Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$275/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,227
$415,000
2025
$120,000
$295,000
$415,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,227
$415,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lennar Mortgage Llc
Conventional
$332,000
No
First
Jul 19, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$320,069
$94,931
22%
77%
$1,991/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$1,991/mo
+$1,529/mo
10.2%

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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8505 Honeylocust St | Property Details | No Agent List