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$261,000

NAL Estimated Property Value

617 Preston Drive, Royse City, TX, 75189

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,826 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.08 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator
FlooringCeramic Tile, Laminate, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,667 sqft

Building Information

Year Built2006
Stories1
Garage Spaces2

Land Information

APN5336-000A-0005-00-0R
Lot Number5
SubdivisionWoodland Creek Phase 1
Land UseResidential
Legal DescriptionWOODLAND CREEK PHASE 1, BLOCK A, LOT 5
Census Tract040411
Assessed Land Value$104,500
Assessed Improvement Value$155,636
Assessment Year2025

About this property

Owner occupied or investor! Below median mkt price! Move-in READY 1-story newer brick home in Woodland creek near I-30, home was recently updated with premium ROOF (Oct 2021), laminated hardwood floors in all bedrooms, ceramic title floor in all wet areas including large laundry room with sink. Neutral paint color & ceilings fans through out, large kitchen with fridge & stainless steel appliances. Open floor plan, good size bedrooms, oversize tiled walk-in shower & dual vanities in master bath. Paved flag stone porch & large covered patio overlooking tree lined backyard with no one behind. Newer privacy wood fence with steel posts. Great neighborhood offers walking trails, community pool & elem. school nearby.

Investor Tools

Property Icon
$261,000
Estimated Property Value
$0Estimated Mortgage Balance
$261,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$626/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,201
$260,136
2025
$104,500
$155,636
$260,136
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,201
$260,136

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$261,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$150/mo
+$2,420/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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617 Preston Drive | Property Details | No Agent List