2view

Owner Contacts

$726,142

NAL Estimated Property Value

6022 Sherri Ln, McKinney, TX, 75071

Off Market

4 Beds

3 Bath

2,790 Sq Ft

$282.8 / sqft

Built in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

AppliancesDishwasher, Disposal, Electric Water Heater, Gas Cooktop, Microwave, Double Oven, Refrigerator

FlooringTile, Wood

Exterior

Private Pool

Exterior FeaturesBuilt-in Barbecue, Gas Grill, Rain Gutters, Lighting

Lot Size1.32 acres

Building Information

Year Built2020

Stories1

Garage Spaces3

Land Information

APNR-11772-00A-0380-1

Lot Number38

SubdivisionMelissa Farms

Land UseResidential

Legal DescriptionMELISSA FARMS, BLK A, LOT 38

Census Tract030201

Assessed Land Value$198,300

Assessed Improvement Value$527,842

Assessment Year2025

About this property

Entertainment takes center stage! Enjoy resort living with your saltwater contemporary play pool & 6 person spa, covered living, 2 built in grills, all viewing the tree lined 1.3 acre oasis. Inside is equally pristine. Spacious open concept, hardwood flooring in all main areas, superb kitchen w double ovens & massive island w bar seating. The main living boasts a dramatic wood burning stone fireplace, the media-entertainment-flex room offers a walk-in closet to store the Marantz components (staying w home) for the wired 5-1 surround in living, media-flex room & covered patio. Other extras: 5 outdoor wired security cameras & receiver, video doorbell, mud bench, upgraded landscape beds, iron pool perimeter fencing, patio beverage chiller, all wall mounted TVs, fridge & front load washer dryer to stay. Propane-spa, cooktop, grills. Elect central heat. Move in & relax tomorrow, enjoying the night time stars. McKinney North High & just 20mins to downtown McKinney shops, festivals & dining.

Investor Tools

$726,142

Estimated Property Value

$309,009Estimated Mortgage Balance

$417,133Estimated Equity

57% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,734 /month

Positive

Cash Flow Estimate:

$1,578 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,023/month

$200/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,646

$726,142

2025

$198,300

$527,842

$726,142

Tax History

Year

Tax Paid

Assessed Value

2024

$8,646

$726,142

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Prime Lending Inc

Conventional

$316,000

First

Feb 27, 2025

Apr 2040

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$309,009

$417,133

57%

43%

$1,895/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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