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$401,000

NAL Estimated Property Value

9224 Warren Dr, McKinney, TX, 75071

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,224 Sq Ft
price_per_sqft$185.48 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Water Heater
FlooringCarpet, Vinyl

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces1

Land Information

APNR-4992-00Y-0310-1
Lot Number31
SubdivisionVirginia Hills Addition Phase Five (Cmc)
Land UseResidential
Legal DescriptionVIRGINIA HILLS ADDITION PHASE FIVE (CMC), BLK Y, LOT 31
Census Tract030524
Assessed Land Value$103,500
Assessed Improvement Value$291,114
Assessment Year2025

About this property

Priced under recent appraised value! This well kept McKinney home, in Prosper ISD, with a premium lot backs to a tree lined open space with no neighbors behind! This is one of a few opportunities to buy into Prosper ISD under $500k. As you enter, you will feel right at home! LVP wood floors in the dining, living, primary bedroom and all the way up the stairs. This home has quite a few updates recently including fresh paint, windows with bad seals were replaced, new Schlage oil rubbed bronze hardware on front and back doors. New primary bathroom shower and tub was replaced this year. Huge efficient Trane AC unit installed 2023 keeps the property nice and cool during hot summer months. Playset stays! This floorplan is very flexible, the dining room could be converted to a study and you wouldn't miss a beat. Aviator Park is just down the street 8 houses with expansive space to play and a playground as well. Vacant and ready for your final touches!

Investor Tools

Property Icon
$401,000
Estimated Property Value
$380,820Estimated Mortgage Balance
$20,180Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,475 /month
Positive
Cash Flow Estimate:
$825 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$812/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,736
$394,614
2025
$103,500
$291,114
$394,614
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,736
$394,614

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aml Funding Llc
Conventional
$391,875
No
First
Oct 21, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$380,820
$20,180
5%
95%
$2,350/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,590/mo
+$930/mo
10.5%

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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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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9224 Warren Dr | Property Details | No Agent List