Last 24 Hours
$2,200,000
NAL Estimated Property Value0 Elm Grove Road, Royse City, TX, 75189
Off Market
About this property
This 25-acre lot is located just south of Interstate 30 in Royse City, TX. The property is easily accessible on the corner of Elm Grove Rd and Parker Rd, providing two access points. Zoned Agriculture with utilities to the site, including City Water and City Sewer, the property is ready for mixed-use development in a fast-growing community. Adjacent to the lot is the upcoming Waterscape development, planned to offer 1,110 homes, alongside other nearby projects like a Megatel Homes Community and a proposed Outer Loop connecting Rockwall County to Kaufman County, which will pass directly behind the site.
Investor Tools
$2,200,000
Estimated Property Value
$0Estimated Mortgage Balance
$2,200,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,200 /month
Positive
Cash Flow Estimate:
$4,400 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%
12.4%