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$355,248

NAL Estimated Property Value

504 Oleander Dr, Royse City, TX, 75189

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,839 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.74 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDisposal, Electric Cooktop, Electric Range, Electric Water Heater
FlooringCarpet, Tile

Exterior

Lot Size8,756 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNS4382-000C-0002-00-0R
Lot Number2
SubdivisionThe Meadows At Morgan Creek Ph 1
Land UseResidential
Legal DescriptionTHE MEADOWS AT MORGAN CREEK PH 1, BLOCK C, LOT 2
Census Tract040411
Assessed Land Value$105,000
Assessed Improvement Value$250,248
Assessment Year2025

About this property

Welcome to your new home! Don’t miss this rare opportunity to own a nearly new home in a community that’s no longer building! This beautiful house offers 3-bedrooms, 2-bathrooms, plus a study built in 2020 offering a perfect blend of modern amenities and classic charm. Nestled on a desirable corner lot, this home features brickwork at the front garden beds, adding a touch of elegance to your curb appeal. The yard also offers an extended patio for your next family event!

Investor Tools

Property Icon
$355,248
Estimated Property Value
$172,156Estimated Mortgage Balance
$183,092Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,131 /month
Positive
Cash Flow Estimate:
$710 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$770/month
$540/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,460
$355,248
2025
$105,000
$250,248
$355,248
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,460
$355,248

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$178,000
No
First
Jul 3, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$172,156
$183,092
51%
48%
$1,068/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$1,608/mo
+$962/mo
8.7%

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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504 Oleander Dr | Property Details | No Agent List