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$430,000

1305 Meadowbrook Drive, McKinney, TX, 75069

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,256 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.6 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Gas Oven, Microwave
FlooringTile

Exterior

Exterior FeaturesFire Pit

Building Information

Year Built1991
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR-1973-00A-0510-1
Lot Number51,51A
SubdivisionEldorado Ridge (Cmc)
Land UseResidential
Legal DescriptionELDORADO RIDGE (CMC), BLK A, LOT 51 & 51A
Census Tract030801
Assessed Land Value$119,025
Assessed Improvement Value$328,975
Assessment Year2025

About this property

Located in the sought-after Eldorado Ridge neighborhood, this home with an open floor plan with BRAND NEW PAINT throughout the house offers numerous updates, functional living spaces, and an oversized backyard that backs to mature trees and wooded green space for added privacy. Enjoy peaceful mornings under the covered patio while listening to the birds sing in this serene outdoor setting.When you step in, you are greeted with the 2 story openness with beautiful wood- laminated floorings.The living room with a gorgeous fireplace with lots of windows and natural brightness that overlook the beautiful backyard. The half bath has been completely remodeled downstairs with modern touches with gold and silver accents. The kitchen features Granite countertops, stylish backsplash, stainless steel appliances, ample cabinetry, generous counter space. The spacious living and dining areas with chair rails provide a great flow and character for everyday living and entertaining. The primary suite offers a beautifully updated spa-like bath, with a sliding barn door, generous closet space, white stone countertop, and a jetted tub. Secondary bedrooms offer flexibility for guests, office space, or additional living needs. The full bath upstairs has a modern backlit mirror ideal for makeup application and along with brushed nickel accents for a polished finish. Step outside to the oversized backyard backing to mature trees and wooded green space, creating added privacy and a peaceful setting. Conveniently located near shopping, Historic Downtown McKinney, dining, parks, and everyday amenities, with easy access to Hwy 5, Hwy 121, and Hwy 75, this home offers an excellent location in the heart of McKinney.

Investor Tools

$432,421Estimated Mortgage Balance
$15,579Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,688 /month
Positive
Cash Flow Estimate:
$896 /month

Interested in this property?

Angel Mickle

Keller Williams Realty Allen

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$740/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,642
$448,000
2025
$119,025
$328,975
$448,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,642
$448,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Building Or Construction Loan
$450,000
No
First
Apr 10, 2024
Oct 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$432,421
$15,579
3%
97%
$2,698/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$2,698/mo
$-126/mo
6.9%

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.

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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1305 Meadowbrook Drive | Property Details | No Agent List