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$325,000

3951 Fm 550, Royse City, TX, 75189

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,536 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$211.59 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Vented Exhaust Fan
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size1.63 acres

Building Information

Year Built2007
Stories1
Garage Spaces4

Land Information

APN0152-0000-0007-07-0R
SubdivisionJ R Marrs
Land UseResidential
Legal DescriptionA0152 J R MARRS, TRACT 7-7, ACRES 1.63, (AKA LEXINGTON ACRES TR 7A) LABEL # 1437221/22, SERIAL # LH08TX2487A/B
Census Tract040514
Assessed Land Value$203,750
Assessed Improvement Value$46,693
Assessment Year2025

About this property

Escape the hustle and embrace the freedom of country living at this charming 3-bedroom, 2-bath home situated on 1.6 fully fenced and gated acres in Royse City. Imagine starting your mornings with coffee on your own private slice of Texas countryside, where there’s room to breathe, roam, and enjoy the peaceful surroundings. The expansive property offers endless possibilities for outdoor living, whether it’s gardening, raising animals, creating a workshop space, or simply enjoying wide-open skies and room for all your hobbies. The 2-car carport provides convenient covered parking, while the storage shed offers additional space for tools, equipment, and recreational gear. This property delivers the privacy and flexibility that are hard to find. Enjoy the best of both worlds—a relaxed country lifestyle with the convenience of nearby shopping, dining, and schools in the growing Royse City community. This is more than a home; it’s an opportunity to create the lifestyle you’ve been dreaming about. NO HOA!

Investor Tools

Property Icon
$250,443
Estimated Property Value
$159,000Estimated Mortgage Balance
$99,420Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Kelli Wenzel

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$290/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,230
$250,443
2025
$203,750
$46,693
$250,443
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,230
$250,443

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Griffin Funding Inc
Conventional
$159,000
No
First
Oct 3, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$151,023
$101,977
40%
60%
$954/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$954/mo
+$1,616/mo
12.3%

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.

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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3951 Fm 550 | Property Details | No Agent List