3904 Deer Lake Drive
About This Property
A rate buydown may be available for qualified buyers, and down payment assistance options may be explored. This rare 1.5-story home in the acclaimed McKinney Independent School District offers 3 bedrooms, 3 bathrooms, and 2,456 square feet designed for comfort, flexibility, and easy entertaining. All bedrooms are located on the first floor along with a private den, while the upstairs bonus room with half bath offers flexible use as a media room, guest retreat, game room, or studio.
At the center of the home, the open-concept kitchen features granite countertops, stainless steel appliances, abundant cabinetry, and a large island, flowing naturally into the living and dining areas. The spacious primary suite includes dual vanities, a soaking tub, separate shower, and an oversized walk-in closet.
Outdoor living includes a covered patio, pergola, private spa, and a second attached patio ideal for grilling and entertaining. Meritage energy-efficient construction, abundant natural light, and generous storage add everyday value.
Conveniently located near Walmart Neighborhood Market, Bonnie Wenk Park, McKinney Boyd High School, major roadways, shopping, dining, and historic downtown McKinney. This move-in ready home is a must-see.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 26, 2026 | Relisted | $480,000 | |
| Relisted | |||
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Aug 18, 2026 | No longer available | - | |
| No longer available | |||
| Aug 18, 2026 | Listed by eXp Realty LLC | $480,000 | |
| Listed by eXp Realty LLC | |||
| Jul 23, 2026 | Price Decreased |
$500,000
↓ $30K
(5.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017