Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days18Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$415,000

$420,000

505 Wichita Trl, McKinney, TX, 75071

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,405 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.56 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave

Building Information

Year Built2013
Stories2
Garage Spaces2

Land Information

APNR-8925-00C-0020-1
Lot Number2
SubdivisionPecan Ridge Estates Phase One (Cmc)
Land UseResidential
Legal DescriptionPECAN RIDGE ESTATES PHASE ONE (CMC), BLK C, LOT 2
Census Tract030701
Assessed Land Value$120,000
Assessed Improvement Value$319,855
Assessment Year2025

About this property

Welcome home! Nestled in the highly desirable Pecan Ridge community, this beautifully updated 4 bedroom, 2 bathroom gem offers the perfect blend of stylish design and everyday functionality. Enjoy seamless wood flooring throughout the main living area and designer lighting throughout. The heart of the home features a stunning, fully updated kitchen boasting a large, inviting island and gleaming quartz countertops. You will love the eye-catching designer backsplash, deep single basin sink, and modern fixtures that make both cooking and entertaining a joy. This open-concept floor plan allows for effortless relaxation and is perfectly suited for gatherings. Relax and unwind in the serene and spacious primary bedroom featuring a beautiful board and batten wall detail. The meticulously updated master bathroom boasts beautiful zellige-style tile work, designer lighting, and updated fixtures. This en-suite bath provides a luxurious, spa-like experience right in your own home. With 4 spacious bedrooms, everyone has their own space to recharge. Upstairs, you will find a bright, spacious game room that is perfectly suited for family game nights, movie watching, or simply hanging out. You are also just minutes away from fantastic local attractions, dining, and outdoor recreation. Stroll down the brick-lined streets of Historic Downtown McKinney to enjoy boutique shopping, local cafes, and vibrant community events. Looking for additional outdoor activities, then Towne Lake Park is perfect for weekend picnics, fishing and outdoor recreation.

Investor Tools

$218,999Estimated Mortgage Balance
$221,301Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,639 /month
Positive
Cash Flow Estimate:
$880 /month

Interested in this property?

Joanna Weigand

Compass RE Texas, LLC

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$658/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,691
$439,855
2025
$120,000
$319,855
$439,855
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,691
$439,855

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ntfn Inc
Conventional
$246,000
No
First
Oct 16, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,999
$220,856
50%
50%
$1,475/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$1,800/mo
+$1,720/mo
9.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

505 Wichita Trl | Property Details | No Agent List