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$475,000

1561 S Fm 1138, Royse City, TX, 75189

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,680 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$282.74 / sqft
Year BuiltBuilt in 2007

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave

Exterior

Exterior FeaturesRain Gutters
Lot Size7.17 acres

Building Information

Year Built2007
Stories1
Garage Spaces4

Land Information

APNR-6451-000-0160-1
Lot Number16
SubdivisionA Horton Survey
Land UseResidential
Legal DescriptionABS A0451 A HORTON SURVEY, TRACT 16, 7.171 ACRES; SN1: CW2011233TXA, SN2: CW2011233TXB, HUD1: HWC0382011, HUD2: HWC0382012
Census Tract031202
Assessed Land Value$308,353
Assessed Improvement Value$162,123
Assessment Year2025

About this property

Country living on the outskirts of the Dallas metroplex! This 3 bedroom, 2 bath charming home is situated on over 7 acres offering ample outdoor space. Inside you'll find built-in cabinetry and plenty of storage space, including 3 closets in the Primary bedroom. Some features: a 2019 SCREENED BACK PORCH, a 2016 STORM SHELTER and a 2008 2-car, INSULATED GARAGE or WORKSHOP with a double door in front and a single door in the back.

Investor Tools

Property Icon
$470,476
Estimated Property Value
$403,700Estimated Mortgage Balance
$69,688Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$442/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,953
$470,476
2025
$308,353
$162,123
$470,476
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,953
$470,476

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Portfolio Mortgage Corp
Conventional
$403,700
No
First
Nov 26, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$400,788
$69,688
14%
85%
$2,470/mo

Learn About the Market: Opportunity in Texas

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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.

Explore Texas Explore This Area
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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