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$491,000

125 Dowdy Rd, Lowry Crossing, TX, 75069

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,136 Sq Ft
price_per_sqft$229.87 / sqft
Year BuiltBuilt in 1906

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3.81 acres

Building Information

Year Built1906
Stories2
Roof Type105

Land Information

APNR-6517-002-0230-1
Lot Number23
SubdivisionR H Locke Survey
Land UseResidential
Legal DescriptionABS A0517 R H LOCKE SURVEY, SHEET 2, TRACT 23, 3.81 ACRES
Census Tract031007
Assessed Land Value$161,925
Assessed Improvement Value$197,092
Assessment Year2025

About this property

Own a rare piece of McKinney history with this 3.81-acre homesite featuring a 1906 Prairie-style home originally built in downtown McKinney’s historic district. Saved from demolition and carefully relocated along Hwy 380 over 40 years ago, this one-of-a-kind property offers the opportunity to restore and preserve a true architectural gem while enjoying the peace and privacy of the countryside. The home showcases timeless character with original wood floors, shiplap walls, a beveled-glass front door, and a clawfoot tub—each detail reflecting early-century craftsmanship. Updates include energy-efficient windows, a newer HVAC system, and a cozy wood-burning stove. While some renovations remain, the structure is ready for its next chapter. A 500-square-foot wraparound porch adds to the home’s classic charm and invites you to enjoy serene views of the surrounding landscape. Outside, nearly four acres combine open pasture and wooded serenity with trails, a creek, and natural wildlife. Conveniently located near McKinney, Princeton, and Melissa, this property offers the perfect blend of history, acreage, and accessibility—an ideal canvas to create your own legacy.

Investor Tools

Property Icon
$491,000
Estimated Property Value
$200,000Estimated Mortgage Balance
$292,450Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$561/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,278
$359,017
2025
$161,925
$197,092
$359,017
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,278
$359,017

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Michael Loper
Seller Carryback / Seller Financing / Seller Take-Back
$200,000
No
First
Dec 23, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,550
$292,450
59%
40%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,200/mo
+$772/mo
4.8%

Learn About the Market: Opportunity in Texas

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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.

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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: Lowry Crossing

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125 Dowdy Rd | Property Details | No Agent List