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$525,000

401 Rugged Dr, Red Oak, TX, 75154

PendingInfo
Beds3 Beds
Baths3 Bath
Baths1,688 Sq Ft
price_per_sqft$311.02 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesTrash Compactor, Electric Cooktop, Electric Oven
FlooringCarpet, Other, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Private Yard, RV Hookup, Storage
Lot Size2.50 acres

Building Information

Year Built1994
Stories1
Roof Type105
Garage Spaces3

Land Information

APN72.0701.000.002.00.111
SubdivisionWm Morgan
Land UseResidential
Legal Description701 WM MORGAN 2.5 ACRES
Census Tract060103
Assessed Land Value$190,000
Assessed Improvement Value$305,134
Assessment Year2025

About this property

Nestled on 2.5 beautifully wooded acres, this is one of the most heavily treed properties you'll find in Ellis County, offering exceptional privacy and a peaceful country setting. Built in 1994, this 3-bedroom, 2.5-bath home combines comfortable living with features that are hard to find. Car enthusiasts, hobbyists, and anyone needing extra workspace will appreciate the impressive 34' x 40' shop complete with a car lift and compressor. The oversized two-car garage is heated and air-conditioned, making it the perfect space for projects, storage, or year-round use. Additional storage is provided by two outbuildings measuring 6' x 10' and 12' x 16'. The property is also equipped with a 30-50-amp RV hookup and grey water dump, making it ideal for RV owners or guests. Inside, the home is wired for a home theater and features an oversized soaking tub in the primary bathroom for a relaxing retreat at the end of the day. Step outside to enjoy the pool, a 12' x 23' cabana featuring lights, ceiling fans, and Bluetooth speakers, along with a dedicated storage bin for pool chemicals and equipment. Whether you're looking for room to work, entertain, or simply enjoy the beauty of mature trees and country living, this unique property offers the space, privacy, and versatility you've been searching for.

Investor Tools

$283,350Estimated Mortgage Balance
$119,066Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$549/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,584
$377,811
2025
$190,000
$305,134
$495,134
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,584
$377,811

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$285,000
No
First
Feb 12, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,350
$114,650
28%
70%
$1,709/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,709/mo
+$371/mo
6.2%

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: Red Oak

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