Last 24 Hours
$750,000
6223 Fm 1827, McKinney, TX, 75071
On Market
— Beds
— Bath
672 Sq Ft
Built in 1990Property Lead Type:
BankruptcyAbsentee OwnerHigh Equity
About this property
Discover the potential of this 5.7-acre residential property, ideally located next to the established McKinney Meadows subdivision. Whether you're looking to build your dream home or explore a development opportunity, this property offers plenty of possibilities. The land is mostly flat with only a few trees, providing a convenient setting for future construction. With residential zoning and no known restrictions, this property offers flexibility for homeowners, builders, and developers alike.
Investor Tools
$0Estimated Mortgage Balance
$229,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$138/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$510
$17,213
2024
N/A
$17,213
$17,213
No
Tax History
Year
Tax Paid
Assessed Value
2023
$510
$17,213
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$229,000
100%
0%
$0/mo
12.4%