505 Cottagewood Drive
About This Property
The open and airy layout is filled with natural light and features generously sized bedrooms, flexible living areas, and a seamless flow that suits both everyday life and special gatherings. With its like-new condition, this home delivers the feel of new construction without the wait.
Enjoy resort-style community amenities including a sparkling pool, neighborhood parks, and basketball courts, perfect for staying active and social. Located just minutes from historic downtown McKinney, you'll love easy access to charming shops, dining, entertainment, and community events-while still enjoying the peace of a well-planned neighborhood.
This home offers the perfect balance of space, location, and lifestyle in one of McKinney's most desirable communities. Don't miss the opportunity to make 505 Cottagewood your next home.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 30, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Mar 7, 2026 | Price Decreased |
$345,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Feb 14, 2026 | Price Decreased |
$350,000
↓ $8K
(2.2%) | |
| Price Decreased | |||
| Jan 2, 2026 | Listed by EXP REALTY | $358,000 | |
| Listed by EXP REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017