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$451,530

NAL Estimated Property Value

8721 Papa Trl, McKinney, TX, 75070

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,444 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$112.52 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Oven, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Building Information

Year Built2011
Stories2
Garage Spaces2

Land Information

APNR-9060-00D-001A-1
Lot Number1A
SubdivisionHemmingway At Craig Ranch Phase 2 (Cmc)
Land UseResidential
Legal DescriptionHEMMINGWAY AT CRAIG RANCH PHASE 2 (CMC), BLK D, LOT 1A
Census Tract030542
Assessed Land Value$100,000
Assessed Improvement Value$351,530
Assessment Year2025

About this property

Beautiful End Unit Town home In Popular Hemingway At Craig Ranch Community in McKinney with FRISCO SCHOOLS! Less than two miles from Hwy 121. Boasting FOUR Bedrooms, MEDIA ROOM, Wood Flooring, 42inch kitchen Cabinets, Crown Molding, Gas Fireplace, Granite in Kitchen, Walk-In Pantry and Stainless Steel Appliances with Gas Cook-top!! Corner Lot with Only One Attached Neighbor and LOTS OF NATURAL LIGHT! Other Features Include Iron Fenced Side Yard and One of the Few Lots that Allows Space for Two Additional Cars in the Rear Driveway. Property is Adjacent to Amenities Center, Pool, Mailbox and Large Greenbelt. ONE in-law bedroom or office downstairs with a en-suite bathroom, Master Suite Is Up With Spa-Like Bath

Investor Tools

Property Icon
$451,530
Estimated Property Value
$355,565Estimated Mortgage Balance
$95,965Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,709 /month
Positive
Cash Flow Estimate:
$903 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$665/month
$210/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,725
$451,530
2025
$100,000
$351,530
$451,530
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,725
$451,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sofi Lending Corp
Conventional
$243,647
No
First
Mar 22, 2021
Apr 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$355,565
$95,965
21%
79%
$2,301/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$2,511/mo
+$679/mo
8.5%

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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8721 Papa Trl | Property Details | No Agent List