Four-Bedroom Short-Term Rental
For Sale
$999,000
118 S Church Street 118, McKinney, TX 75069
New construction with ensuite bedrooms, an attached garage, and walkable access to downtown dining, shopping, and entertainment.
Property Size3,360 SF
Days on Market26
Property Features for 118 S Church Street 118
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Business
Zoning
Town Edge
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,240
Building Details
Building Size
3,360 SF
Year Built
2026
Listing Agency:
OnDemand Realty
Listed By:
Rhonda Borgne · License #0560610
(512) 771-2684
Source:
Baerealty
Added: Sep 22
Changed: Oct 12
Last Checked: Oct 16 at 4:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OnDemand Realty
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Investment Insights
Based on property information with market context.
This newly constructed residence, completed in 2026, includes four private bedrooms with ensuite baths, premium finishes, and an attached two-car garage. The home is positioned for short-term rental use, executive housing, boutique office use, or premium residential occupancy, subject to applicable zoning and local regulations.
Located on S Church Street in Historic Downtown McKinney, the property offers walkable access to dining, boutique shopping, entertainment, and year-round events. It is within the Town Edge zoning district and may be acquired individually or as part of the Church Street Collection, which includes two additional residences.
Located on S Church Street in Historic Downtown McKinney, the property offers walkable access to dining, boutique shopping, entertainment, and year-round events. It is within the Town Edge zoning district and may be acquired individually or as part of the Church Street Collection, which includes two additional residences.
Key Highlights
- Four private ensuite bedrooms
- Attached two‑car garage
- New construction completed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,419
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,380
$1.2M
Cap Rate 7%
$834,557
$834.6K
Cap Rate 9%
$649,100
$649.1K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$118.9K $35.40/SF
− Vacancy
−$12.7K −$3.79/SF
EGI
$106.2K $31.61/SF
− OpEx
−$47.8K −$14.23/SF
NOI
$58.4K $17.39/SF
Area
McKinney, TX
Vacancy
10.70%
Lease Rate
$35.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,380
Cap Rate 7%
$834,557
Cap Rate 9%
$649,100
Alternative Uses
Best Use
Apartment 5plus
$834.6K
$730.2K – $973.7K
NOI $58,419 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$944.6K
$826.6K – $1.10M
NOI $66,125 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 75069, TX
39,084
Population
16,958
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
88%
High-School Grad
33.7 sq mi
ZIP Area
1,160
Density / Sq Mi
$82,804
Median Household Income
$42,816
Median Earnings
$1,530
Median Rent
$413,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - New construction with ensuite bedrooms, an attached garage, and walkable access to downtown dining, shopping, and entertainment.
Where is this short term rental property located?
The property is located at 118 S Church Street 118 McKinney, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four private ensuite bedrooms; Attached two‑car garage; New construction completed in 2026
