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$250,000

10640 County Road 587, Royse City, TX, 75189

$325,000 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,920 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$130.21 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Electric Water Heater
FlooringCarpet, Laminate

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size4.58 acres

Building Information

Year Built2006
Stories1

Land Information

APNR-6827-000-0060-1
Lot Number6
SubdivisionRobert H Smith Survey
Land UseResidential
Legal DescriptionABS A0827 ROBERT H SMITH SURVEY, TRACT 6, 4.583 ACRES; SN1: SCH01047311A, SN2: SCH01047311B, HUD1: NTA1325943, HUD2: NTA13259
Census Tract031202
Assessed Land Value$197,069
Assessed Improvement Value$140,971
Assessment Year2025

About this property

Welcome to Country Living in a quiet, tranquil setting. Property features a super cute, recently updated home with lots of open land & a private pond stocked with catfish. Home features fresh paint inside & out, new carpet, window trim, water heater, smoke alarms, prog thermostat, vent covers & mini-blinds. Roof, AC-Heat, microwave, recently replaced. Huge living room with fireplace & wood mantle. Generous, private master with walk in closet, dbl sinks, garden tub. Formal dining room could make a great office or 2nd living. Awesome covered front deck. Large 25x14 shed-workshop with electricity plus a 2 vehicle carport. Lots of extra parking for your RV or boat. Fenced backyard & acreage is fenced on 3 sides.

Investor Tools

Property Icon
$356,000
Estimated Property Value
$245,471Estimated Mortgage Balance
$140,608Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$325,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,136 /month
Positive
Cash Flow Estimate:
$712 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$417/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,223
$338,040
2025
$197,069
$140,971
$338,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,223
$338,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Fha
$245,471
Yes
First
Feb 28, 2020
Mar 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,392
$140,608
39%
61%
$1,472/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Royse City

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