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$340,000

NAL Estimated Property Value

304 Welch Drive, Royse City, TX, 75189

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,819 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.38 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator
FlooringCarpet, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size8,451 sqft

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APN5155-000E-0016-00-0R
Lot Number16
SubdivisionSunrise Meadows Ph Ii
Land UseResidential
Legal DescriptionSUNRISE MEADOWS PH II, BLOCK E, LOT 16
Census Tract040410
Assessed Land Value$78,000
Assessed Improvement Value$238,174
Assessment Year2025

About this property

This Charming, brick 4-2 home is located just outside Dallas Area and comes with a hot tub and more! Features include: An open concept living-dining room that leaves plenty of room for furniture. This home offers a split master bedroom with a jetted bathtub and a walk in shower. This well established neighborhood has sidewalks and is just minutes from I-30. If you are looking for more space to help with the quarantine blues, call me today and let's check it out.

Investor Tools

Property Icon
$340,000
Estimated Property Value
$209,742Estimated Mortgage Balance
$130,258Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,040 /month
Positive
Cash Flow Estimate:
$680 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$613/month
$79/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,653
$316,174
2025
$78,000
$238,174
$316,174
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,653
$316,174

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$232,800
No
First
Mar 1, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$209,742
$130,258
38%
62%
$1,396/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,475/mo
+$1,875/mo
11.8%

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.

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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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304 Welch Drive | Property Details | No Agent List