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$405,193

NAL Estimated Property Value

1405 Meadowbrook Drive, McKinney, TX, 75069

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,780 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.35 / sqft
Year BuiltBuilt in 1992

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesPrivate Yard, Garden

Building Information

Year Built1992
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-1973-00A-0640-1
Lot Number64
SubdivisionEldorado Ridge (Cmc)
Land UseResidential
Legal DescriptionELDORADO RIDGE (CMC), BLK A, LOT 64
Census Tract030801
Assessed Land Value$85,500
Assessed Improvement Value$319,693
Assessment Year2025

About this property

Rare opportunity to lease a meticulously maintained home that has never before been a rental property. Located in an established McKinney neighborhood just minutes from Historic Downtown McKinney, this beautiful residence offers a functional floorplan, spacious living areas, and numerous updates throughout. Step inside to find hardwood flooring throughout the home and a spacious living area highlighted by soaring cathedral ceilings, abundant natural light, and a cozy fireplace that creates a warm and inviting atmosphere. The gourmet kitchen is designed for both everyday living and entertaining, featuring granite countertops, stainless steel appliances, abundant cabinetry, and two separate pantry areas providing exceptional storage. Refrigerator, washer, and dryer are included for tenant convenience. The recently remodeled primary suite serves as a true retreat, showcasing elegant Carrara marble flooring, a luxurious marble walk-in shower, dual vanities, and a relaxing jetted spa tub. Updated secondary bathrooms offer stylish finishes and modern appeal rarely found in comparable lease properties. Enjoy mature trees, a private backyard, and a convenient location near shopping, dining, parks, schools, and major commuter routes including US-75 and SH-121. Residents are just minutes from the charm of Historic Downtown McKinney, with easy access to local restaurants,shopping, and entertainment venues! Homes of this quality, condition, and level of owner care rarely become available for lease. Never before leased, exceptionally maintained, and move-in ready!

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$627/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,497
$405,193
2025
$85,500
$319,693
$405,193
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,497
$405,193

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$384,750
No
First
May 12, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$362,959
$42,234
10%
90%
$2,307/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$2,307/mo
$-335/mo
5.8%

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: McKinney

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1405 Meadowbrook Drive | Property Details | No Agent List