4008 Sioux Drive
About This Property
Unlike many newer neighborhoods in the area, this property has no MUD or PID taxes, which means your monthly mortgage payment stays much lower. You'll be living in one of the fastest-growing parts of McKinney, just minutes from the commercial terminal at McKinney National Airport, which is bringing exciting new travel options and jobs to the area later this year. With the fun splash pads and trails of Inspiration Park just a short walk away and easy access to major highways like US-75 & 121, this home offers the perfect mix of a quiet neighborhood feel and big-city convenience.
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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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Apr 8, 2026 | In contract | - | |
| In contract | |||
| Mar 21, 2026 | Price Decreased |
$429,800
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by True Texan Realty | $439,999 | |
| Listed by True Texan Realty | |||
| Aug 5, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017