$345,000
●
House -
Off Market
8204 Elk Mountain Trail
McKinney, TX 75070
3 Beds
2 Baths,
1
Half Bath
2,811 Ft²
$397,320
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model
About This Property
3 Bedroom home with lots of potential! This 3 bedroom home in Craig
Ranch has a large kitchen that overlooks the living room, a study
and formal dining area and bonus space across form the office that
was used as a reading room. The backyard has lots of space to play.
Upstairs you will find all three bedrooms. The original floor plan
had 4 bedrooms, but two bedrooms have been combined into one large
bedroom. This home is need of some paint and carpet and is being
sold AS IS. Seller enclosed part of oversized garage that was
turned into reading room to the left of the front door.
Unit Size
2,811 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$125
Property Type
House
Property Taxes
-
HOA Dues
$59
Year Built
2003
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (NTREIS #14651180)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 9, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2023 | Listed by Whiterock SFR, LLC | $465,000 | |
| Listed by Whiterock SFR, LLC | |||
| | |||
|
WE HAVE A VERBALLY AGREED CONTRACT AND ARE AWAITING FINAL SIGNATURES. NO SHOWINGS AT THIS TIME.
3 Bedroom home with tons of space! This home in Craig Ranch has a large kitchen that overlooks the living room, formal dining area and home office.
This home also features a large back yard. All three bedrooms are upstairs with bonus finished out storage space. The original floor plan had 4 bedrooms, and the previous owner combined two bedrooms into one large bedroom. Seller enclosed part of oversized garage that was turned into reading room to the left of the front door.
| |||
| Sep 30, 2021 | Sold | ||
| Sold | |||
| Aug 24, 2021 | Listed by Stegmeier Realty | $350,000 | |
| Listed by Stegmeier Realty | |||
| | |||
|
3 Bedroom home with lots of potential! This 3 bedroom home in Craig Ranch has a large kitchen that overlooks the living room, a study and formal dining area and bonus space across form the office that was used as a reading room. The backyard has lots of space to play. Upstairs you will find all three bedrooms. The original floor plan had 4 bedrooms, but two bedrooms have been combined into one large bedroom. This home is need of some paint and carpet and is being sold AS IS. Seller enclosed part of oversized garage that was turned into reading room to the left of the front door.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Craig Ranch
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Listed by: Lesley Stegmeier, Stegmeier Realty
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14651180
Details provided by NTREIS and may not match the public record
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14651180
Details provided by NTREIS and may not match the public record
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