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$650,000

2991 County Road 341, McKinney, TX, 75071

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size5.06 acres

Land Information

APNR-6741-001-0820-1
Lot Number82
SubdivisionThomas A Rhodes Survey
Land UseVacant Land
Legal DescriptionABS A0741 THOMAS A RHODES SURVEY, SHEET 1, TRACT 82, 5.06 ACRES
Census Tract030201
Assessed Land Value$404,800
Assessment Year2025

About this property

Imagine building your dream home with a view of your own private lake. This beautiful setting is on over 5 acres and is located in the highly sought Melissa ISD. It is on a corner lot and has quick access to several major roads including Hwy 380, I-75, Highway 121 and Highway 5, you will enjoy the best of quiet living not too far from shopping and restaurants. This area is growing fast, so grab this opportunity to have that huge property you've been dreaming of before it is priced out of reach.

Investor Tools

$314,497Estimated Mortgage Balance
$90,303Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

Interested in this property?

Suzanne Mitchell

Mitchell Home Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$720/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,616
$404,800
2025
$404,800
N/A
$404,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,616
$404,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Heritage Land Bank Aca
Unknown
$337,500
No
First
Oct 21, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$314,497
$90,303
22%
78%
$2,024/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.

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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2991 County Road 341 | Property Details | No Agent List