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$413,000

NAL Estimated Property Value

205 S Morris St, McKinney, TX, 75069

SoldInfo
6/30/26
Beds2 Beds
Baths1 Bath
Baths1,088 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$344.67 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Gas Oven, Vented Exhaust Fan

Exterior

Exterior FeaturesRain Gutters
Lot Size9,583 sqft

Building Information

Year Built1971
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-0860-007-0010-1
Lot Number1,2A
SubdivisionBenge Addition (Cmc)
Land UseResidential
Legal DescriptionBENGE ADDITION (CMC), BLK 7, LOT 1 & 2A
Census Tract030802
Assessed Land Value$260,000
Assessed Improvement Value$105,123
Assessment Year2025

About this property

Located in the Historic District and just a short walk to Downtown McKinney's vibrant square, this property offers the perfect blend of charm, modern updates, and an exceptional location. Situated on an oversized lot with a green space next door, the property provides added privacy, an open feel, and potential opportunities for future expansion or an addition. The home has been thoughtfully maintained and updated with numerous major improvements. All cast-iron plumbing has been replaced with PVC piping extending to the street, and all domestic water lines beneath the home have been insulated. A new roof was installed in August 2023 and includes a transferable 10-year labor and workmanship warranty. Electrical improvements include replacement of kitchen light fixtures, labeling of switches and outlets, closure of attic junction boxes, verification and grounding of outlets where needed, and replacement of switch and outlet cover plates throughout the home. Grounding on the gas piping was also verified and updated. Additional updates include redistribution of attic insulation, attic ladder repairs, and repair of a purlin in the attic. Interior walls were freshly painted in 2024. The irrigation system has also been enhanced with the installation of a drip line around the home, new irrigation zones, and updated drip lines in the backyard completed in 2025. With its prime Historic District location, walkability to downtown restaurants, shops, and events, oversized lot, neighboring green space, and extensive infrastructure updates, this property presents a rare opportunity in one of McKinney's most desirable neighborhood

Investor Tools

Property Icon
$413,000
Estimated Property Value
$178,568Estimated Mortgage Balance
$234,432Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,478 /month
Positive
Cash Flow Estimate:
$826 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$405/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,793
$365,123
2025
$260,000
$105,123
$365,123
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,793
$365,123

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$188,000
No
First
Sep 13, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,568
$234,432
56%
43%
$1,128/mo

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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205 S Morris St | Property Details | No Agent List