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$445,900

5420 Highlands Dr, McKinney, TX, 75070

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,448 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.15 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesSome Gas Appliances, Gas Oven, Gas Range, Gas Water Heater, Microwave, Plumbed For Gas, Refrigerator
FlooringCarpet, Ceramic Tile, Engineered Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Barrel Cisterns, Rain Gutters, Storage
Lot Size7,160 sqft

Building Information

Year Built1998
Stories2
Garage Spaces2

Land Information

APNR-3576-00Q-0270-1
Lot Number27
SubdivisionEldorado Heights Section Ii Phase Ii (Cm
Land UseResidential
Legal DescriptionELDORADO HEIGHTS SECTION II PHASE II (CMC), BLK Q, LOT 27
Census Tract030515
Assessed Land Value$130,000
Assessed Improvement Value$344,522
Assessment Year2026

About this property

4 Bedrooms,3 Living areas with Primary suite on the first floor. Grand entrance into split formals with Vaulted ceiling of the formal living area and dramatic view of stairs to 2nd floor. Wood flooring in entry, formal living, dining, kitchen and steps to 2nd floor. The kitchen features painted cabinets, gas range, granite counter tops with an island and open to the breakfast area and family room. The stainless refrigerator remains with the home. The family room features a beautiful custom fireplace, cabinets with shelving for a desk area, wall bracket for TV and access to the half bath on the way to the primary suite. New carpet is on hold for the primary suite to be installed after seller moves out. Ensuite includes jetted tub, separate shower, 2 walk in closets, separate vanities each with mirrored medicine cabinets. The sellers have replaced all the windows with a warranty. Upstairs is an open game room, a full bath with tub, shower and sliding door enclosure. The 2nd floor has carpet installed August 2026 and the same carpet to be installed in the 1st floor suite. All three bedrooms have large wall closets and shelving plus ceiling fans. One bedroom could be an office as there are can lights in ceiling and crown molding highlighted. If you love gardening, you will enjoy the storage building with 2 huge rain barrels for the garden. There is an outside patio with flagstone enjoyed by an east exposure. You can walk to the elementary school with playground, track, sports courts and lots of trails. The community pool is also 2 blocks from the home 1 street behind the home. For grocery stores, Walmart, restaurants and medical you are in the right location. Highway 121 is very close for business and commuting. Don't miss the Historic downtown McKinney which is close as well with activities year around, a country town atmosphere and town square. You will enjoy living in this vibrant community with something for all ages.

Investor Tools

$62,228Estimated Mortgage Balance
$412,294Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,847 /month
Positive
Cash Flow Estimate:
$949 /month

Interested in this property?

Vicky Giorgetti

RE/MAX Dallas Suburbs

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$759/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,731
$474,522
2026
$130,000
$344,522
$474,522
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,731
$474,522

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gardner Financial Services Ltd
Conventional
$69,480
No
First
May 19, 2021
Jun 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$62,228
$412,294
86%
13%
$417/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$767/mo
+$2,423/mo
8.1%

City: McKinney

5420 Highlands Dr | Property Details | No Agent List