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$588,000

8628 Lake Arrowhead Trl, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,598 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$217.47 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Tankless Water Heater
FlooringCarpet, Ceramic Tile

Building Information

Year Built2018
Stories2
Garage Spaces2

Land Information

APNR-11428-00D-0020-1
Lot Number2
SubdivisionTrinity Falls Planning Unit 3 Phase 1b
Land UseResidential
Legal DescriptionTRINITY FALLS PLANNING UNIT 3 PHASE 1B, BLK D, LOT 2
Census Tract030202
Assessed Land Value$140,000
Assessed Improvement Value$416,283
Assessment Year2025

About this property

Welcome to your dream home! Enter & see the open floor plan with high ceilings & an abundance of natural light. On the 1st floor, cozy up to a fireplace or entertain in the open living & kitchen w. sleek granite counters, gas stove & coffee nook, offering functionality & style. Also, discover a retreat in the 1st flr primary suite. This sanctuary boasts a large bathroom featuring a relaxing soaking tub, separate shower, & dual sinks, creating a spa-like atmosphere. Venture upstairs to the 2nd floor for 3 additional bedrooms that are thoughtfully separated, ideal layout for families or guests. Also, a large bonus room offers endless possibilities for recreation or relaxation. The community has new schools, 3 catch and release ponds, 5 miles of wooded area and walking trails, disc golf, new community pool, gym, lodge with frequent coffee & food trucks, lawn concerts, activities, & much more. Seller offing $5,000 in Seller's concessions and a Free Home Warranty )up to $500.

Investor Tools

Property Icon
$588,000
Estimated Property Value
$549,857Estimated Mortgage Balance
$57,048Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,528 /month
Positive
Cash Flow Estimate:
$1,176 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$725/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,757
$556,283
2025
$140,000
$416,283
$556,283
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,757
$556,283

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Portfolio Mortgage Corp
Fha
$549,857
Yes
First
Jun 13, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$530,952
$57,048
9%
90%
$3,297/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$3,422/mo
+$98/mo
7.2%

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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8628 Lake Arrowhead Trl | Property Details | No Agent List