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
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$505,000

8616 Backwater Bay Cove, McKinney, TX, 75071

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,243 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$225.14 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2019
Stories1
Garage Spaces2

Land Information

APNR-11428-00B-0040-1
Lot Number4
SubdivisionTrinity Falls Planning Unit 3 Phase 1b
Land UseResidential
Legal DescriptionTRINITY FALLS PLANNING UNIT 3 PHASE 1B, BLK B, LOT 4
Census Tract030202
Assessed Land Value$140,000
Assessed Improvement Value$365,000
Assessment Year2025

About this property

TRINITY FALLS offers AMAZING amenities, including pools, fitness center, parks, playgrounds, & dog park, that are in close proximity to this home! Built by HIGHLAND, this CLASSIC SERIES beauty is ready for you to move in! Features include an open floorplan, wood-look tile floors, 13' ceilings, tall windows allowing lots of light, & a 5' extended garage with a painted floor & outdoor sink. The spacious kitchen offers extra countertop bar seating, plentiful countertop space, abundant cabinetry, & walk-in corner pantry. Enjoy the picture windows & stunning floor-to-ceiling stone fireplace in the living room. An additional storage room in front of the garage can serve as a pocket office, playroom, exercise, craft room. The backyard faces East, providing optimal shade in late summer afternoons. Located adjacent to Frazier Elementary & across from the new Forest Ridge Park with meandering sidewalks, lush landscaping & pickle ball courts. No smoking or pets. Fridge, washer, & dryer included.

Investor Tools

Property Icon
$514,000
Estimated Property Value
$0Estimated Mortgage Balance
$195,859Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,084 /month
Positive
Cash Flow Estimate:
$1,028 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$644/month
$375/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,159
$505,000
2025
$140,000
$365,000
$505,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,159
$505,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Park Lending Services Inc
Conventional
$330,000
No
First
May 28, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$318,141
$195,859
38%
62%
$1,979/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,354/mo
+$1,166/mo
8.2%

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...

8616 Backwater Bay Cove | Property Details | No Agent List