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$507,463

NAL Estimated Property Value

697 Alexander Ln, Royse City, TX, 75189

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,306 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.98 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

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 Water Heater, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size1.55 acres

Building Information

Year Built2006
Stories1
Garage Spaces5

Land Information

APN3031-0000-0023-00-0R
Lot Number23
SubdivisionAlexander Ranch Est Ph 1
Land UseResidential
Legal DescriptionALEXANDER RANCH EST PH 1, LOT 23, ACRES 1.55
Census Tract040412
Assessed Land Value$170,500
Assessed Improvement Value$336,963
Assessment Year2025

About this property

1.55 acre corner lot in a beautiful, well-established neighborhood, this exceptional home offers the perfect blend of comfort space and privacy. The impressive four car garage provides ample room for vehicles, storage, or hobbies. Enjoy outdoor living year-round under the large covered patio- ideal for entertaining or relaxing. Inside the home features a generously sized primary suite compete with a large walk in closet designed to impress. With it's prime location, oversized lot, and thoughtful features, this property is a rare opportunity to enjoy the country life at its finest and only be minutes from interstate 30 and only 8 minutes from the new HEB in Rockwall. Price to sell. Highly desirable area, quiet community. Lot's of options with the 2nd detaced garage and plenty of room out back to put a pool in! What are you waiting on?

Investor Tools

Property Icon
$507,463
Estimated Property Value
$183,209Estimated Mortgage Balance
$324,254Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,045 /month
Positive
Cash Flow Estimate:
$1,015 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$629/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,008
$507,463
2025
$170,500
$336,963
$507,463
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,008
$507,463

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lending Partners Llc
Fha
$240,562
Yes
First
May 29, 2015
Jun 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$183,209
$324,254
63%
36%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,570/mo
$50/mo
+$2,520/mo
6.1%

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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697 Alexander Ln | Property Details | No Agent List