7809 Caddo Cove
About This Property
Trinity Falls is a master-planned community with over 350 acres of parks, hike and bike trails, two pools, fitness center, playgrounds, dog park, and the new Frasier Elementary. Conveniently located near US-380 with quick access to US-75 and SH-121, this home offers easy commutes to Dallas, Plano, and Frisco. Shopping, dining, and entertainment are minutes away including Historic Downtown McKinney, Allen Premium Outlets, and Legacy West. With recent Federal rate cuts improving buying power, now is the perfect time to secure this move-in ready home in one of McKinney's fastest-growing communities. Ideal for relocating professionals and families looking for top-rated schools, modern amenities, and an unbeatable location.
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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 24, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Oct 3, 2025 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Sep 18, 2025 | Listed by MTX Realty, LLC | $650,000 | |
| Listed by MTX Realty, LLC | |||
| Jul 26, 2025 | No longer available | - | |
| No longer available | |||
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About Collin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017