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$425,000

$440,000

705 Llano Falls Dr, McKinney, TX, 75071

$439,208 ARVInfo
On MarketInfo
Just AddedInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths2,042 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.13 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Lighting
Lot Size6,101 sqft

Building Information

Year Built2015
Stories1
Garage Spaces2

Land Information

APNR-10640-00X-0740-1
Lot Number74
SubdivisionTrinity Falls Planning Unit 1 Phase 1b
Land UseResidential
Legal DescriptionTRINITY FALLS PLANNING UNIT 1 PHASE 1B, BLOCK X, LOT 74
Census Tract030202
Assessed Land Value$135,000
Assessed Improvement Value$351,409
Assessment Year2025

About this property

Newly listed Trinity Falls with a 2.625% assumable FHA loan! Fabulous 1 story on quiet cul de sac street. Flex plan with 4 bedrooms, office with double French doors and formal dining. Fresh interior paint, new carpet, extensive wood flooring. Kitchen features a large island, gas cooktop and French door fridge. The primary suite is adjacent to the flex or 4th bdrm, perfect for nursery, 2nd office or workout space & has a garden tub and spacious walk-in closet. The backyard is a standout with private 16x12 pergola covered patio with extended fire pit area. 240V 50amp EV charging, WiFi thermostat and Ubiquiti UniFi doorbell included. Trinity Falls, a vibrant 2,000-acre master planned community where natural beauty and exceptional amenities combine to create a spectacular lifestyle. Just minutes from downtown McKinney shopping, dining and fun, Trinity Falls offers open green spaces, a 350 acre nature park with miles of winding river frontage, forested trails and opportunities to connect with neighbors and friends. There is something for everyone at The Lodge with its pool, fitness room, event space, and catering kitchen. The Club with its beach-entry pool, splash pad, grilling area, tricycle track and playground. The Old Joe Dog Park provides canine fun in the sun. Combined with engaging amenities and a robust activity calendar, there is ample opportunity to connect. Fishing lakes, an amphitheater for special events and even an 18-hole disc golf course. Nearby is Basecamp, offering residents another splash pad, playground and outdoor pavilion that plays hosts to concerts and other activities. Top rated McKinney schools and Frazier Elementary within the neighborhood. Live the Trinity Falls resort lifestyle every day. Fridge and washer dryer to remain. AC and HWH original, roof 2023. Loan balance for assumption-approx $258,748 and up to 90 days to close with Rocket Mortgage.

Investor Tools

$277,404Estimated Mortgage Balance
$209,005Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$439,208
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,918 /month
Positive
Cash Flow Estimate:
$973 /month

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Tonya Riggs

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$561/month
$393/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,304
$486,409
2025
$135,000
$351,409
$486,409
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,304
$486,409

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Fha
$312,240
Yes
First
Oct 7, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$277,404
$209,005
42%
57%
$1,873/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,266/mo
+$1,254/mo
8.7%

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.

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

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