Last 24 Hours
$397,960
NAL Estimated Property Value6478 Fm 1565, Royse City, TX, 75189
$517,348 ARV
Off Market
— Beds
— Bath
1,848 Sq Ft
Unimproved Land
Built in 1999Highlights
Interior
Bedrooms —
Bathrooms —
Garage AvailableExterior
Lot Size5 acres
Building Information
Year Built1999
Stories1
Garage Spaces2
Land Information
APN0946-1060-0060-91
SubdivisionShelby County School Land
Land UseResidential
Legal DescriptionA0946 SHELBY COUNTY SCHOOL LAND,TRACT 106-6, ACRES 5.0
Census Tract961502
Assessed Land Value$237,500
Assessed Improvement Value$160,460
Assessment Year2025
About this property
Come build your dream home in this country paradise! Beautiful 5-acre homesite located in Hunt County with pond and carport! Fully fenced with septic, utilities, and electric already installed. House is a manufactured home in poor condition, property is sold for land value, buyer can take or leave the existing manufactured home. Conveniently located 15 minutes from I-30 and less than 10 miles from shopping and dining in Royse City.
Investor Tools
$397,960
Estimated Property Value
$214,985Estimated Mortgage Balance
$182,975Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$517,348
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,388 /month
Positive
Cash Flow Estimate:
$796 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$273/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,291
$397,960
2025
$237,500
$160,460
$397,960
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,291
$397,960
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of Desoto Na
Open End Mortgage / Open End With Future Advance Clause
$227,500
No
First
May 30, 2023
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$214,985
$182,975
45%
54%
$1,364/mo
12.4%