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Owner Contacts

$730,000

NAL Estimated Property Value

5905 Sherri Ln, McKinney, TX, 75071

Off Market

4 Beds

3 Bath

3,100 Sq Ft

Single Family Residence

$217.74 / sqft

Built in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Double Oven

FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesBuilt-in Barbecue, Gas Grill, Outdoor Grill, Private Yard

Lot Size1.09 acres

Building Information

Year Built2020

Stories1

Garage Spaces3

Land Information

APNR-11772-00A-0470-1

Lot Number47

SubdivisionMelissa Farms

Land UseResidential

Legal DescriptionMELISSA FARMS, BLK A, LOT 47

Census Tract030201

Assessed Land Value$164,250

Assessed Improvement Value$515,350

Assessment Year2025

About this property

Great drive up appeal on this stately brick, stone & cedar designed 1 story. Original owners will miss the expansive 3,100 sf w 4 generous bedrooms, study & second living area on a fully fenced & 100% sprinklered 1 acre CDS lot. Melissa Farms is a quiet boutique neighborhood of newer 1 story homes all on an acre minimum. You'll love the quality construction, including 2X6 exterior walls, spray foam insualtion, hot water circulator, closet door jamb lights etc. 12ft vaulted ceil in master & dining, wood flooring in entry, both livings, dining & study, gorgeous raised hearth stone fireplace & custom window draperies throughout. Superb island kit w dbl ovens, SS appliances, smooth glass cooktop, trash pull out & deep pot drawers. Oversize cov patio w built in & vented Blaze grill, granite counter & 3 side remote solar patio screens. On site buried propane tank for FP & built-in outdoor gill. 20X10 storage bldg. Septic maint is paid to 8-15-24. ATT 5G fiber & Uverse. Show after 5-15-24

Investor Tools

$730,000

Estimated Property Value

$255,477Estimated Mortgage Balance

$474,523Estimated Equity

65% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,380 /month

Positive

Cash Flow Estimate:

$1,460 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$640/month

$200/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,026

$679,600

2025

$164,250

$515,350

$679,600

Tax History

Year

Tax Paid

Assessed Value

2024

$4,026

$679,600

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nexa Mortgage Llc

Conventional

$265,000

First

May 31, 2024

Jun 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$255,477

$474,523

65%

35%

$1,589/mo

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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