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$397,710

NAL Estimated Property Value

8708 Papa Trail, McKinney, TX, 75070

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,886 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$196.18 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2011
Stories2
Garage Spaces2

Land Information

APNR-9060-00C-009C-1
Lot Number9C
SubdivisionHemmingway At Craig Ranch Phase 2 (Cmc)
Land UseResidential
Legal DescriptionHEMMINGWAY AT CRAIG RANCH PHASE 2 (CMC), BLK C, LOT 9C
Census Tract030542
Assessed Land Value$100,000
Assessed Improvement Value$297,710
Assessment Year2025

About this property

Welcome to the incredible town of McKinney, nestled right next to Frisco where access to major roads,shopping and entertainment abound!The beautiful 2 story townhome features,modern paint colors,engineered hardwoods down, open concept kitchen which provides a gas range,separate utility room and a half bath down.As is common in townhomes, 2 bdrms and 2 baths are found upstairs with a second living space providing flexibility to be used as an office,gameroom,or whatever your heart desires.Amenity center with pool and large grass area centrally located in the neighborhood.Explore the city of McKinney, Texas website. Located in the Frisco ISD,you get the best of 2 fantastic cities in North Texas at your leisure to explore.TPC Craig Ranch golf course is just east of the subdivision and the PGA Tour being completed in Frisco.Schools per the Frisco ISD website for 22-23 year. Confirm schools and estimated measurements.Property NOT available to investors, HOA maxed out on % of rentals.

Investor Tools

Property Icon
$397,710
Estimated Property Value
$343,727Estimated Mortgage Balance
$53,983Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,386 /month
Positive
Cash Flow Estimate:
$795 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$734/month
$340/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,819
$397,710
2025
$100,000
$297,710
$397,710
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,819
$397,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Fha
$360,352
Yes
First
Nov 23, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$343,727
$53,983
13%
86%
$2,205/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,940/mo
$2,545/mo
$-605/mo
5.9%

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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8708 Papa Trail | Property Details | No Agent List