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$1,199,000

4606 County Road 408, McKinney, TX, 75071

On MarketInfo
Beds6 Beds
Baths5 Bath
Baths3,048 Sq Ft
price_per_sqft$393.37 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Convection Oven, Double Oven, Vented Exhaust Fan
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size1.80 acres

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-6166-001-1820-1
Lot Number182
SubdivisionDavid Cherry Survey
Land UseResidential
Legal DescriptionABS A0166 DAVID CHERRY SURVEY, SHEET 1, TRACT 182, 1.8 ACRES
Census Tract031003
Assessed Land Value$153,900
Assessed Improvement Value$610,649
Assessment Year2025

About this property

NO HOA. TWO HOMES. ALMOST 2 ACRES. This is the kind of property everyone waits for but almost never finds. Whether you're looking to keep family close, generate rental income, or simply enjoy the freedom of country living, this property gives you options that are hard to find in today's market. Live in the main home while the second home is perfect for parents, adult children, guests, or rental income. Bring your RV, your toys, and your big ideas. The property also features a workshop garage, covered RV parking, a chicken coop, and plenty of room to make it your own. The front home features 3 bedrooms, 2.5 bathrooms, and approximately 2,000 sq. ft. The back home offers 3 bedrooms, 2 bathrooms, and approximately 1,000 sq. ft., making it ideal for multigenerational living, rental income, or a guest house. The main home includes an attached one-car garage, a detached RV carport, and a large workshop with room to accommodate approximately three additional vehicles, providing ample space for hobbies, storage, or equipment. The photos simply don't do this property justice. It's one of those places that feels completely different once you're standing on it. The space, privacy, and possibilities are something you have to experience in person. If you're serious about finding a one of a kind property, schedule your private tour today you won't fully appreciate it until you see it for yourself.

Investor Tools

$259,980Estimated Mortgage Balance
$978,962Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,428 /month
Positive
Cash Flow Estimate:
$2,476 /month

Interested in this property?

Rigoberto Guzman

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,162/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,758
$764,549
2025
$153,900
$610,649
$764,549
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,758
$764,549

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Unknown
$280,000
No
First
Jul 8, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$259,980
$504,569
65%
21%
$1,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,679/mo
+$1,021/mo
2.6%

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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4606 County Road 408 | Property Details | No Agent List