2212 County Road 342 · McKinney, TX
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 6/10 · Moderate
- Est. fire insurance / yr
- $1,222 – $2,270
Heat risk 7/10 · Major
- Hot days now (above 110°F)
- 7 days/yr
- Hot days in 30 yrs
- 23 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the F grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Schools +5.8/10.0
- Livability +3.8/5.0
- ARV discount +2.9/15.0
- Condition / age +2.5/5.0
- Cash flow +2.4/30.0
- Rent growth +2.0/5.0
- 1% rule +0.0/10.0
- DSCR +0.0/10.0
- Appreciation +0.0/10.0
$794,222
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
Key facts
- 400sqft mini home
- 2 acres
- Gated ranch style
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 6-bed/4.0-bath land listed at $794k.
Deal economics
- At list price, monthly cash flow is $-3k ($-33k/yr) — negative.
- To cash-flow at today's rent, offer at most $304k (61.8% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $282k (64.4% below list).
- Recommended offer: $282k (64.4% below list) — sets the bar for 1% rule.
Location & tenants
- Location reads 76/100 on livability (#115 in TX, #3,716 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: cost of living C-, amenities F, commute F.
- Melissa ISD (suburban): math 65% / reading 65% proficiency, ranked #24 of 826 in TX (top 3%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Market conditions: Rents soft (-2.1%/yr); 2125 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 19,194 units permitted in Collin County in 2024 (3,988 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $24k of value loss. Plan a longer hold.
- Collin County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 247 days — a 12% lower offer ($699k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 2y ago; this cycle's ask is 39611% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
Risks & watch-outs
- Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 247 days. Have you received any prior offers? Is the seller open to a 64% concession, seller financing, or rate buy-down credit?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.36% ✗
- Cap rate
- 2.10%
- Cash-on-cash
- -14.99%
- DSCR
- 0.33
- GRM
- 23.4
CMA / ARV
- ARV (median comp)
- $721,235
- List price
- $794,222
- Delta
- 10.12%
- Verdict
- OVERPRICED
- Comps
- 5 within 2.0 mi
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -47.7%
- Equity multiple
- -0.41×
- Total profit
- $-314,128
- Equity at exit
- $118,421
- IRR
- —
- Equity multiple
- -1.40×
- Total profit
- $-534,341
- Equity at exit
- $68,670
Cash invested: $222,382 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Texas
- 87 Strongly Landlord-Friendly · R+5
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 75071
- Home prices YoY
- -19.1%
- Rents YoY
- -2.1%
- Active inventory
- 2125
- Price-to-rent
- 23.4×
Monthly cashflow live
- Estimated rent
- $2,825 high interval (Pro) →
- Mortgage (P&I)
- −$4,165
- Tax from tax record
- −$513 /mo · $6,158/yr
- Insurance
- −$331
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$593
- Net cashflow
- $-2,777
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $198,556
- Closing costs
- $23,827
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 6 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1908 Iris Rd Melissa, TX | 5.0 | 3.0 | 2467 | $2,495 | $1.01 | 24d | 1 | 1.17mi |
| 3105 Bedstraw Ln Melissa, TX | 5.0 | 3.0 | 2327 | $2,700 | $1.16 | 18d | 1 | 1.18mi |
| 1800 Winecup Dr Melissa, TX | 5.0 | 2.5 | 2440 | $2,495 | $1.02 | 12d | 1 | 1.21mi |
| 3225 Sedge Grass Dr Melissa, TX | 5.0 | 3.0 | 2565 | $2,800 | $1.09 | 43d | 1 | 1.24mi |
| 1817 Winecup Dr Melissa, TX | 5.0 | 3.0 | 2440 | $2,495 | $1.02 | 43d | 1 | 1.28mi |
| 7221 Headingham Way McKinney, TX | 5.0 | 2.5 | 2714 | $3,299 | $1.22 | 43d | 1 | 1.37mi |
Listing history 40 events
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2026-06-18days on market $794,222 Active 247 DOM
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2026-06-17days on market $794,222 Active 246 DOM
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2026-06-16days on market $794,222 Active 245 DOM
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2026-06-15days on market $794,222 Active 244 DOM
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2026-06-13days on market $794,222 Active 242 DOM
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2026-06-13days on market $794,222 Active 241 DOM
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2026-06-09days on market $794,222 Active 238 DOM
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2026-06-08days on market $794,222 Active 237 DOM
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2026-06-07days on market $794,222 Active 236 DOM
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2026-06-04days on market $794,222 Active 233 DOM
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2026-06-03days on market $794,222 Active 232 DOM
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2026-06-02days on market $794,222 Active 231 DOM
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2026-06-02price $794,222 Active 230 DOM
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2026-06-01days on market $795,000 Active 230 DOM
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2026-05-31days on market $795,000 Active 229 DOM
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2026-05-16price $795,000 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2026-05-12price $799,000 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2026-04-29price $799,222 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
-
2026-04-10price $799,000 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
-
2026-03-29price $799,500 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
-
2026-03-21price $899,500 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2026-03-14historical $2,000
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2026-03-09price $899,900 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2026-03-09price $985,222 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2026-03-03$2,000
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2026-03-02price $989,500 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2026-02-26price $992,222 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2026-02-19price $993,222 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2026-02-13price $994,222 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2025-11-21price $995,999 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2025-11-20price $1,135,000 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2025-11-17price $1,140,000 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2025-10-14$1,145,000 Active 2003-char remark
Show marketing remark (2003 chars)
THIS Property is offered well below appraised value Motivated Seller live here in secluded Paradise, yet 5 min. from the very best of everything Award winning schools, Buc-ees, Walmart, HEB, Kroger . Historic Downtown Mckinney is less than 10 min from your door. You have a Mckinney address,in Melissa school district this place has it all 2 acres, 3 homes, and ample space to expand. So, lets get started. Pulling into this full fenced and gated Ranch Style setting first you will notice a 400sqft Mini home, color coded to match, private drive, shade decks, fenced back yard, fully furnished Continuing forward on the drive we approach an elaborate doublewide. 2- car carport, shade decks, 2176sqft. 4bd-2bath, large kitchen w-island, stainless appliances, corner tub, sky light, washer-dryer, nicely done home. Saving the best for last… is the Barndo. This place will simply blow your mind Crack the door open on this 3000sqft insulated BARNDO building and it is SO NOT what you’re expecting. Its literally everything you can dream in one space, To a luxury rustic apartment. Creatively is an understatement, Whiskey Barrel sink Copper pull chain toilet, stainless kitchen island toolbox, Even an 80s theme Loft Bar complete with a Vintage Pac-Man machine, A gigantic wraparound couch, big enough for all your friends to put your feet on the engine block coffee table. Sitting right next to the cast-iron potbelly stove. There is so much more to see here that I cant begin to describe. The most amazing discovery is that it all works so extremely well together This place is just FUN And its completely furnished at this price. A showing and walk-through is a definite must .This is one of the most unique properties you will ever see. We dont expect this one to last long. What a fantastic package. Did we forget to mention the rental income, Rental income on doublewide so you can deduct that from your monthly expense, while feeling good about your decision sitting outside
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2025-07-11historical $2,000
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2025-06-07$2,000
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2024-11-02historical $2,650
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2024-10-22$2,650
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2022-11-01soldstatus
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2017-10-04soldstatus
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2012-04-17soldstatus
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast TX · Resets to sale price
- Current annual tax
- $6,158 · $513/mo
- Projected year-2 tax
- $14,534 · $1,211/mo
- Expected delta
- +$8,376/yr (+$698/mo · 136.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 6/10 Major
- Heat 7/10 Severe 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
- Wind 6/10 Major 27% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $33,897
- − Mortgage interest
- −$44,489
- − Property taxes
- −$6,158
- − Insurance
- −$3,971
- − Repairs & maintenance
- −$2,712
- − Management
- −$2,712
- − Depreciation
- −$23,105
- Taxable loss
- −$49,249
- Est. tax savings @ 24.0%
- +$11,820
- After-tax cash flow
- $-21,510/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Melissa ISD
- NCES district ID
- 4830120
- Math proficiency
- 65% ▼ -8.00%
- Reading proficiency
- 65% ▼ -2.00%
- Median HH income
- $82,500
- Composite
- 58.34/100
- National rank
- #1012
- State rank
- #24 of 826 in TX
Livability — McKinney
- Score
- 76/100
- State rank
- #115
- US rank
- #3716
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- County
- Collin County · 1,159,394 people
- City population
- 232,161
- Metro
- Dallas-Fort Worth-Arlington, TX
- Population (ZIP)
- 72,964
- Household income
- $132,447
- Rent vs Own
- Severe rent burden
- 1682.0
Population outlook (Collin County) Hauer SSP2
- Today (2025)
- 1,210,074 people
- By 2030
- 1,358,201 · +12.2%
- By 2040
- 1,654,061 · +36.7%
- By 2050
- 1,937,359 · +60.1%
- By 2075
- 2,567,039 · +112.1%
- By 2100
- 2,952,048 · +144.0%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.64)
- Race & ethnicity
- White 55% Hispanic / Latino 17% Black 13% Two or more races 12% Asian 10%
- Hispanic origin (detail)
- Mexican 12%
- Common ancestry
- Italian 2% Slovak 2% Portuguese 1%
- Foreign-born
- 16% · Canada, China, South Korea
- Languages at home
- 76% English-only · Spanish 11% Other Indo-European 4% Other Asian/Pacific 2%
Political lean MEDSL · Collin
- 2024 margin
- R (+11.1) · D 43.1% · R 54.3% · Other 2.6%
- 2008→2024 swing
- +14.4pp toward D · 2008: -25.6pp · 2024: -11.1pp
- All cycles
- 2024: R+11.1 2020: R+4.3 2016: R+17.0 2012: R+31.6 2008: R+25.6
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -59.92%
- Current HPI
- 254.4946
- Rent YoY
- ▼ -2.15%
- Metro
- Dallas-Fort Worth-Arlington, TX
- State GDP YoY
- ▲ 3.95%
- F500 in state
- 110
Industry mix (Fortune 500 HQ in TX)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Energy | 16 | $1,198B |
|
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| Technology | 5 | $198B |
|
||
| Engineering / Construction | 4 | $72B |
|
||
| Energy Services | 3 | $60B |
|
||
| Utilities | 3 | $41B |
|
||
| Healthcare | 2 | $330B |
|
||
Price history
+29900.0% since first listed25 events — show timeline
- 2026-05-16 Price Changed $795,000 NTREIS
- 2026-05-12 Price Changed $799,000 NTREIS
- 2026-04-29 Price Changed $799,222 NTREIS
- 2026-04-10 Price Changed $799,000 NTREIS
- 2026-03-29 Price Changed $799,500 NTREIS
- 2026-03-21 Price Changed $899,500 NTREIS
- 2026-03-14 Rental Removed $2,000 NTREIS
- 2026-03-09 Price Changed $899,900 NTREIS
- 2026-03-09 Price Changed $985,222 NTREIS
- 2026-03-03 Listed for Rent $2,000 NTREIS
- 2026-03-02 Price Changed $989,500 NTREIS
- 2026-02-26 Price Changed $992,222 NTREIS
- 2026-02-19 Price Changed $993,222 NTREIS
- 2026-02-13 Price Changed $994,222 NTREIS
- 2025-11-21 Price Changed $995,999 NTREIS
- 2025-11-20 Price Changed $1,135,000 NTREIS
- 2025-11-17 Price Changed $1,140,000 NTREIS
- 2025-10-14 Listed $1,145,000 NTREIS
- 2025-07-11 Rental Removed $2,000 NTREIS
- 2025-06-07 Listed for Rent $2,000 NTREIS
- 2024-11-02 Rental Removed $2,650 NTREIS
- 2024-10-22 Listed for Rent $2,650 NTREIS
- 2022-11-01 Sold (Public Records) — Public Records
- 2017-10-04 Sold (Public Records) — Public Records
- 2012-04-17 Sold (Public Records) — Public Records
Property tax history
+14.1%/yrLatest (2025): $6,158 · +17.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…