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$536,348

NAL Estimated Property Value

905 Essex Drive, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,248 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$101.45 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Gas Water Heater
FlooringCarpet, Ceramic Tile

Building Information

Year Built2003
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-4965-00R-0060-1
Lot Number6
SubdivisionVirginia Hills Addition Phase Four (Cmc)
Land UseResidential
Legal DescriptionVIRGINIA HILLS ADDITION PHASE FOUR (CMC), BLK R, LOT 6
Census Tract030524
Assessed Land Value$85,500
Assessed Improvement Value$450,848
Assessment Year2025

About this property

UPDATED AND AFFORDABLE SPACE WITH TONS OF ROOM IN PROSPER ISD. This 4 bedroom home has great space with 3 living areas and 2 dining areas as well as spacious bedrooms. Updates include granite in kitchen and baths, white cabinets, stainless appliances and fresh carpet and paint throughout. Downstairs is open and provides 2 living areas and 2 dining areas as well as an updated island kitchen. Flexible space to make your own. An upstairs master is huge and has spacious master bath with dual sinks, separate shower and tub as well as a huge closet! 3 other bedrooms and full bath have great access to a spacious gameroom space. Great location for commuting and Prosper schools as well as enjoying park and playground.

Investor Tools

Property Icon
$536,348
Estimated Property Value
$334,799Estimated Mortgage Balance
$201,549Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,218 /month
Positive
Cash Flow Estimate:
$1,073 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$802/month
$244/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,948
$536,348
2025
$85,500
$450,848
$536,348
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,948
$536,348

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$365,250
No
First
Dec 27, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$334,799
$201,549
37%
62%
$2,190/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,434/mo
+$1,086/mo
7.9%

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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905 Essex Drive | Property Details | No Agent List