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$450,000

308 Sleepy Willow Lane, McKinney, TX, 75071

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths2,078 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$216.55 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Refrigerator, Tankless Water Heater
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APNR-12103-00R-0200-1
Lot Number20
SubdivisionTrinity Falls Planning Unit 3 Phase 5b W
Land UseResidential
Legal DescriptionTRINITY FALLS PLANNING UNIT 3 PHASE 5B WEST, BLK R, LOT 20; (SEE R-12103-00R-0200-W FOR MUD ONLY ACCOUNT)
Census Tract030202
Assessed Land Value$90,000
Assessed Improvement Value$379,918
Assessment Year2025

About this property

STEAL ALERT! Price improvement to the lowest price per square foot in all of Del Webb Trinity Falls makes this home a GREAT VALUE! Welcome to this beautifully upgraded 3 bedroom, 2 bath home located in the highly sought-after 55+ Del Webb community within Trinity Falls where active living, nature, and community come together. Designed with both style and comfort in mind, this home features elegant tray ceilings, plantation shutters, stainless steel appliances, and durable wood vinyl flooring. The open-concept Summerwood floorplan creates an inviting atmosphere perfect for everyday living and entertaining. The chef’s kitchen is the heart of the home, showcasing granite countertops, a spacious island for gathering, and ample cabinetry, making meal prep and entertaining effortless. The primary suite serves as a private retreat featuring a spacious walk-in shower. Step outside to your extended covered patio, offering the ideal space for outdoor dining, relaxing, or entertaining while enjoying peaceful Texas evenings. Living in Del Webb Trinity Falls means enjoying a truly exceptional active adult lifestyle. Residents have access to three amenity centers, three resort-style pools, pickleball courts, fitness and social spaces, and vibrant community activities year-round. The community is surrounded by nature with five scenic ponds, miles of walking and biking trails, a dog park, grandkid splash pad, and outdoor concert areas. This home offers the perfect blend of comfort, upgrades, and an incredible lifestyle in one of McKinney’s most desirable 55+ communities.

Investor Tools

Property Icon
$490,000
Estimated Property Value
$0Estimated Mortgage Balance
$490,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$629/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,093
$469,918
2025
$90,000
$379,918
$469,918
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,093
$469,918

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$490,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$420/mo
+$2,280/mo
6.6%

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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