B+

NoAgentList RatingHow are grades calculated?

1view

$350,000

8700 Paradise Dr, McKinney, TX, 75070

Off Market

3 Beds

3 Bath

1,930 Sq Ft

Condos / Townhouses

$181.35 / sqft

Built in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2.5

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator

Exterior

Private Pool

Building Information

Year Built2006

Stories2

Garage Spaces2

Land Information

APNR-8823-00A-031C-1

Lot Number31C

SubdivisionHemmingway At Craig Ranch Phase 1 (Cmc)

Land UseResidential

Legal DescriptionHEMMINGWAY AT CRAIG RANCH PHASE 1 (CMC), BLK A, LOT 31C

Census Tract030542

Assessed Land Value$100,000

Assessed Improvement Value$280,407

Assessment Year2025

About this property

MOTIVATED SELLERS! Welcome to 8700 Paradise Drive. Gorgeous three bedroom townhouse ready for a new owner looking for a lock and leave lifestyle! Live large at the Hemmingway at Craig Ranch Community in FRISCO ISD! Recently RENOVATED MASTER BATHROOM and NEW Kitchen Countertops and living room floors installed Dec 2024! AC condenser Replaced 2023, Evap coil replaced 2020! New roof 2019! New hot water heater 2024! All Recommended Foundation Work completed 2024! Fabulous amenities include large community pool, park, fitness center and clubhouse. This home has a large primary bedroom suite down with recently remodeled oversized shower. Main floor has chefs kitchen with tons of cabinet space, stainless steel appliances, breakfast bar and separate dining area. Cozy living room includes a FIREPLACE with GAS logs. Up the wrought iron and wood staircase are TWO large bedrooms, full bathroom with a shower tub combo and HUGE game room for a second living space with a small office nook. Petite and low-maintenance fenced in yard with patio. Don't miss out on this one!

Investor Tools

$380,407

Estimated Property Value

$323,000Estimated Mortgage Balance

$59,749Estimated Equity

15% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,282 /month

Positive

Cash Flow Estimate:

$761 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$543/month

$368/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,616

$380,407

2025

$100,000

$280,407

$380,407

Tax History

Year

Tax Paid

Assessed Value

2024

$4,616

$380,407

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Baba Lending Llc

Unknown

$323,000

First

Dec 29, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$320,658

$59,749

15%

84%

$1,937/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,440/mo

$2,305/mo

+$135/mo

7.7%

Learn About the Market: Opportunity in Texas

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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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