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$270,000

702 Cistern Way, Royse City, TX, 75189

Under ContractInfo
Beds4 Beds
Baths2 Bath
Baths1,787 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.09 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size7,362 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APNR-12456-00Z-0100-1
Lot Number10
SubdivisionMagnolia Phase 8 (Gcn)
Land UseResidential
Legal DescriptionMAGNOLIA PHASE 8 (GCN), BLK Z, LOT 10; (SEE R-12456-00Z-0100-W FOR MUD ONLY ACCOUNT)
Census Tract031201
Assessed Land Value$80,000
Assessed Improvement Value$204,073
Assessment Year2025

About this property

Discover this beautifully appointed 4-bedroom, 2-bathroom single-story gem located in Magnolia Pointe. Designed with a thoughtful split bedroom layout, this home offers both privacy and functionality, perfect for those seeking a blend of comfort and style. Step inside to find a spacious interior adorned with exquisite quartz countertops, setting the tone for a sophisticated yet inviting ambiance. The kitchen, a true centerpiece, features an island with a breakfast bar, ideal for casual meals or entertaining guests. This culinary space seamlessly integrates with the living area, creating an open-concept experience that’s both elegant and practical. The primary suite serves as a private sanctuary, showcasing a luxurious, huge walk-in shower and ample walk-in closet space. Each additional bedroom offers generous proportions and storage, ensuring all residents enjoy a sense of personal space. An oversized, private laundry room adds convenience, making day-to-day living effortless. On the exterior, this home boasts eye-catching brickwork and meticulously upgraded landscaping. A huge extended patio invites al fresco dining and relaxation, while a concrete walkway guides you to an aesthetically pleasing shed, perfect for storage or hobby space. The sizable 2-car garage ensures ample space for vehicles and projects, further enhancing the practicality of this residence. This property offers the perfect balance of modern amenities and timeless charm, embodying the best of Royse City living. Your dream home awaits in a serene community, offering both tranquility and proximity to local conveniences. Explore the possibilities this exceptional home provides, where comfort meets style.

Investor Tools

$240,344Estimated Mortgage Balance
$43,729Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,704 /month
Positive
Cash Flow Estimate:
$568 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$609/month
$560/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,884
$284,073
2025
$80,000
$204,073
$284,073
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,884
$284,073

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$259,321
No
First
Aug 19, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,344
$43,729
15%
85%
$1,555/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$2,115/mo
+$1,235/mo
14.2%

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.

Explore Texas Explore This Area
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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702 Cistern Way | Property Details | No Agent List