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$350,000

500 Poetry Rd, Royse City, TX, 75189

$455,000 ARVInfo
Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,704 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$94.49 / sqft
Year BuiltBuilt in 1984

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range

Exterior

Lot Size1.72 acres

Building Information

Year Built1978
Stories1
Garage Spaces2

Land Information

APN3386-0000-0049-00-0R
Lot Number49
SubdivisionChisholm Trail #2
Land UseResidential
Legal DescriptionCHISHOLM TRAIL #2, LOT 49, MH SERIAL # MAG08457XYZ, ACRES 1.722, MAGANAHOME
Census Tract040514
Assessed Land Value$215,250
Assessed Improvement Value$45,899
Assessment Year2025

About this property

Discover the perfect blend of comfort, space, and versatility with this beautifully updated 5-bedroom, 4-bathroom home, including guest house, setting on 1.722 acres. Thoughtfully refreshed throughout, the main residence offers an inviting open layout, abundant natural light, and modern finishes that make everyday living effortless. The spacious kitchen flows seamlessly into the living and dining areas, creating an ideal setting for gatherings. Each bedroom is generously sized, and the primary suite features its own private bath for added convenience. Outside, you’ll find room to relax, garden, or simply enjoy the peaceful surroundings of your expansive acreage. A standout feature of this property is the impressive custom-built shop, perfectly suited for hobbies, storage, or business needs. Inside the shop is a fully equipped 2-bedroom, 1-bathroom apartment—ideal for multigenerational living, rental income, or comfortable guest accommodations. Whether you’re looking for extra space, investment potential, or a turnkey home with modern upgrades, this property offers exceptional flexibility and value. Don’t miss your chance to see all it has to offer!

Investor Tools

Property Icon
$346,000
Estimated Property Value
$324,022Estimated Mortgage Balance
$22,913Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$455,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$153/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$105
$261,149
2025
$215,250
$45,899
$261,149
No

Tax History

Year
Tax Paid
Assessed Value
2024
$105
$261,149

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$324,022
Yes
First
Mar 17, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$323,087
$6,913
2%
93%
$1,943/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.

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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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