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7317 River Park Dr
Score
0
McKinney, TX

7317 River Park Dr

1.1M
4 bd • 4 ba • 4,500 sf

This analysis was generated on 3/2/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$1,100,000

Price/Sq.Ft

$244

Year Built

2018

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Gourmet Kitchen: High-end stainless steel appliances, custom cabinetry, and quartz countertops add significant value • Home Theater: Fully equipped home theater with projector, surround sound, and comfortable seating • High Ceilings: High ceilings in the living area create a spacious and luxurious feel • Stainless Steel Appliances • Quartz Countertops • Home Theater • High Ceilings • Modern Lighting Fixtures • Price Position: At $244.44/sqft, further analysis is needed to compare this to similar properties in McKinney, TX. Without local market data, it's difficult to assess if this is a competitive price. • Appreciation Trend: Insufficient local market data to determine historical appreciation rates for similar properties in the Trinity Falls community or McKinney, TX. • Investment Opportunity: After $5,000 in renovations, potential $45,000 equity gain (900.0% ROI) • Rental Income: $3,520/month with 95% occupancy (3.8% cap rate) • Schools: Homes in McKinney North High School (8/10) zone typically command a 3-5% premium compared to areas served by lower-rated high schools. The elementary and middle school ratings may be a concern for families with younger children, potentially impacting resale value. • Future Development: Market data is unavailable to assess planned changes. • Excellent natural light throughout the house, especially in the living area with large windows. The kitchen and dining area also receive ample light.
Gourmet Kitchen

Gourmet Kitchen

High-end stainless steel appliances, custom cabinetry, and quartz countertops add significant value.

Home Theater

Home Theater

Fully equipped home theater with projector, surround sound, and comfortable seating.

High Ceilings

High Ceilings

High ceilings in the living area create a spacious and luxurious feel.

The Bad

• Bathroom Update (MEDIUM priority): $5,000 • Lack of specific local market data limits comprehensive risk assessment. • Fire risk is rated as MAJOR (5/10), requiring critical insurance coverage and potentially impacting long-term insurance costs. • Heat risk is SEVERE (7/10), potentially impacting utility costs and buyer appeal during peak summer months.

The Ugly

• Climate Risk: Due to the MINIMAL flood risk (1/10), flood insurance is not typically required, and standard homeowner's insurance rates apply ($3960/year). However, the MAJOR fire and wind risks may lead to higher insurance premiums or require specific coverage endorsements. It is advisable to consult with an insurance provider to assess the specific coverage needs and potential cost implications.
Bold Kitchen Design

Bold Kitchen Design

The blue kitchen cabinets may not appeal to all buyers and could be considered a design risk.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $42,240 with 95% occupancy rate Value Investors: Projected 15.9% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $5,000 in strategic upgrades could significantly increase property value

Not For

Risk-averse buyers: Property faces significant climate-related insurance costs and risks
Demographics
Area Median Income

$118,900

Property History

Price History
Ownership Timeline

Property Taxes

$0
2024 Tax Assessment
Assessed Value$711,068
Tax Rate0.00%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Middle

6.0/10
Good

High

8.0/10
Excellent

Financials

Monthly Costs
Market Rent (4 bed)

$1,720

Get a detailed estimate on Zillow
HOA Fee

$125

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Location & Comparables

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