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$405,900

2408 Monroe Dr, McKinney, TX, 75072

SoldInfo
6/10/26
Beds3 Beds
Baths2 Bath
Baths1,689 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.3 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave

Building Information

Year Built2005
Stories1
Garage Spaces1

Land Information

APNR-8064-00E-0160-1
Lot Number16
SubdivisionFountainview Phase Two (Cmc)
Land UseResidential
Legal DescriptionFOUNTAINVIEW PHASE TWO (CMC), BLK E, LOT 16
Census Tract030529
Assessed Land Value$110,000
Assessed Improvement Value$295,900
Assessment Year2025

About this property

Beautiful and well-maintained home available for lease in the highly desirable Stonebridge Ranch community! This charming single-story residence features 3 bedrooms, 2 bathrooms, a flex room bring you much more potential and an open-concept floor plan designed for comfortable living and entertaining. No Carpet for the entire house. The spacious living area offers abundant natural light and a cozy fireplace, while the kitchen provides ample cabinet and counter space for everyday convenience. The private primary suite includes a walk-in closet and an ensuite bath. Additional features include a fenced backyard, sprinkler system, and attached two-car garage. Enjoy access to exceptional community amenities, including pools, parks, lakes, walking trails, tennis courts, and golf facilities. Conveniently located near Highway 121, shopping, dining, and top-rated McKinney schools. Move-in ready! Don't miss the opportunity to live in one of McKinney's most sought-after master-planned communities. Schedule your showing today! Owner request: Credit score 640+ Income 3x No eviction record No criminal record

Investor Tools

Property Icon
$405,900
Estimated Property Value
$264,800Estimated Mortgage Balance
$166,394Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,435 /month
Positive
Cash Flow Estimate:
$812 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$367/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,375
$405,900
2025
$110,000
$295,900
$405,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,375
$405,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Extraco Banks Na
Conventional
$264,800
No
First
Jul 8, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$239,506
$166,394
40%
59%
$1,588/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,320/mo
$1,588/mo
+$732/mo
6.9%

Learn About the Market: Opportunity in Texas

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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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2408 Monroe Dr | Property Details | No Agent List