Last 24 Hours
$362,965
NAL Estimated Property Value8605 Papa Trail, McKinney, TX, 75070
Off Market
2 Beds
3 Bath
1,674 Sq Ft
Condos / Townhouses
$158.24 / sqft
Built in 2011Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 2.5
Indoor Fireplace
Garage Available
Heating Central
CoolingAppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood
Exterior
Exterior FeaturesBalcony, Rain Gutters, Lighting
Building Information
Year Built2011
Stories2
Garage Spaces2
Land Information
APNR-9060-00D-005B-1
Lot Number5B
SubdivisionHemmingway At Craig Ranch Phase 2 (Cmc)
Land UseResidential
Legal DescriptionHEMMINGWAY AT CRAIG RANCH PHASE 2 (CMC), BLK D, LOT 5B
Census Tract030542
Assessed Land Value$100,000
Assessed Improvement Value$262,965
Assessment Year2025
About this property
Welcome to this GORGEIOUS and HIGHLY DESIRABLE community, CRAIG RANCH! You are instantly greeted by a very private ROD IRON GATED FRONT PORCH before you enter the WIDE OPEN LIVING AREA! Beautiful WOOD FLOORS and a GRANITE kitchen await you. Master bedroom boasts high ceilings, crown molding, and a fantastic BALCONY! The oversized Mater Bath has all of the amenities and upgrades you could ever ask for. AND, the MASTER CLOSET is HUGE. HOA includes access to the Community Pool, Community Center and much much more. HOA also maintains all landscaping, common areas and roofs. We are priced to sell and won't be on the market long. PLEASE come see for yourself
Investor Tools
$362,965
Estimated Property Value
$187,030Estimated Mortgage Balance
$175,935Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,178 /month
Positive
Cash Flow Estimate:
$726 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$587/month
$155/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,233
$362,965
2025
$100,000
$262,965
$362,965
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,233
$362,965
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rlm Mortgage Llc
Conventional
$208,000
No
First
Feb 19, 2021
Mar 2051
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$187,030
$175,935
48%
52%
$1,248/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,940/mo
$1,403/mo
+$537/mo
6.4%
12.4%