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$340,000

1116 Nocona Dr, McKinney, TX, 75071

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,664 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.33 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2014
Stories1
Garage Spaces2

Land Information

APNR-8926-00G-0200-1
Lot Number20
SubdivisionPecan Ridge Estates Phase Two (Cmc)
Land UseResidential
Legal DescriptionPECAN RIDGE ESTATES PHASE TWO (CMC), BLK G, LOT 20
Census Tract030701
Assessed Land Value$120,000
Assessed Improvement Value$257,125
Assessment Year2025

About this property

Welcome home to this beautifully maintained 2-bedroom, 2-bath residence, with dedicated office or 3rd bedroom option, perfectly situated in a desirable McKinney neighborhood just a short walk to McKinney ISD Elementary School. Fresh interior paint and recently replaced carpet create a clean, move-in-ready feel, while the open-concept floor plan is filled with abundant natural light, making everyday living and entertaining effortless. The spacious kitchen flows seamlessly into the living and dining areas, offering the ideal gathering space for family and friends. Step outside to enjoy the large backyard with plenty of room for play, pets, gardening, or weekend barbecues. Friendly neighbors and a welcoming community add to the home's appeal. Be sure to notice the expansive green space behind the house which adds to the peaceful setting of this home. Conveniently located with easy access to US 75, shopping, dining, and everyday conveniences, this home is perfectly positioned for commuters and families alike. With the new school year just around the corner, this is your opportunity to settle in before classes begin. Don't miss this move-in-ready gem!

Investor Tools

Property Icon
$377,125
Estimated Property Value
$119,900Estimated Mortgage Balance
$278,413Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,263 /month
Positive
Cash Flow Estimate:
$754 /month

Interested in this property?

Christy Oakes

RE/MAX Four Corners

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$344/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,241
$377,125
2025
$120,000
$257,125
$377,125
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,241
$377,125

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Finance Services Llc
Conventional
$119,900
No
First
Dec 15, 2017
Jan 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,712
$278,413
73%
26%
$719/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,044/mo
+$1,656/mo
8.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

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.

Explore Texas Explore This Area
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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