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$741,352

6708 Falcon Ridge Ln, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,529 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$225.28 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Double Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool

Building Information

Year Built2006
Stories2
Garage Spaces2

Land Information

APNR-8504-00D-0240-1
Lot Number24
SubdivisionRidgecrest - Phase I (Cmc)
Land UseResidential
Legal DescriptionRIDGECREST - PHASE I (CMC), BLK D, LOT 24
Census Tract030547
Assessed Land Value$176,400
Assessed Improvement Value$564,952
Assessment Year2025

About this property

PERFECTION - Professionally updated! You will fall in love with all the designer details in the Award Winning kitchen designed by Kim Bailey featuring new upper custom cabinets, floating shelves, under cabinet and IN cabinet lighting, eating area with built in wine refrigerator, pull out drawers, quartz, farm sink and upgraded paint. Family room with a redesigned feature wall and modern fireplace is spectacular. Primary bedroom has large shower with 3 shower heads, marble, seamless glass, custom cabinetry and Closet by Design. Roman style pool with covered living space, solar screens for patio, 8' board on board fence. Storage throughout: Container Store shelving system and storage above doors in garage, side yard with storage shed. Garage wired for 240V 50 AMP electric vehicle. HVAC replaced in 2021, water heater 2020, Int Paint 2020, Ext Paint 2021, Carpet 2020. WONDERFUL NEIGHBORHOOD AMENITIES

Investor Tools

Property Icon
$741,352
Estimated Property Value
$556,500Estimated Mortgage Balance
$206,591Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,770 /month
Positive
Cash Flow Estimate:
$1,590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,096/month
$765/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,450
$741,352
2025
$176,400
$564,952
$741,352
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,450
$741,352

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$556,500
No
First
Mar 25, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$534,761
$206,591
27%
72%
$3,337/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$4,102/mo
$-582/mo
5.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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6708 Falcon Ridge Ln | Property Details | No Agent List