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$264,637

NAL Estimated Property Value

802 Rustic Way, Royse City, TX, 75189

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,577 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.43 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Combination, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size7,754 sqft

Building Information

Year Built2019
Stories1
Garage Spaces2

Land Information

APNR-11861-00P-0150-1
Lot Number15
SubdivisionMagnolia Phase 2 (Gcn)
Land UseResidential Single Family
Legal DescriptionMAGNOLIA PHASE 2 (GCN), BLK P, LOT 15
Census Tract031201
Assessed Land Value$80,000
Assessed Improvement Value$184,637
Assessment Year2025

About this property

Now offered at an even sweeter value, 802 Rustic Way is the Magnolia home buyers need to see in person. This 4-bedroom, 2-bath home in Josephine with a Royse City address delivers a smart split-bedroom layout, thoughtful upgrades, and an oversized backyard that feels private, usable, and full of possibility. Inside, arched details, high ceilings, fresh paint, and an open living, dining, and kitchen layout create an easy everyday flow. The kitchen features designer navy cabinetry, granite countertops, electric cooktop and oven, refrigerator that conveys, designer hardware, over-cabinet lighting, and a motion-activated pantry light. Additional upgrades include Lutron lighting, LED lighting, wall shelving, landscape lighting, and an epoxy-finished garage floor. Two front bedrooms share a full bath, while a third secondary bedroom offers flexible space for an office, nursery, guest room, hobby room, or workout area. The private primary suite overlooks the backyard and offers abundant natural light, double sinks, an oversized shower, generous linen storage, and a large walk-in closet. Out back, the wood-fenced yard backs to municipal property, giving you a tree-lined view instead of rear residential neighbors. There is room to relax, play, garden, entertain, or dream bigger. Fire pit and play set may convey. Just a few feet away, Magnolia’s trail system connects to the elementary school, parks, playgrounds, sports fields, and green space. Magnolia residents enjoy resort-style pools with water park features, food truck rallies, Magnolia Market pop-ups, and a connected neighborhood feel. If your buyers want a 4-bedroom home with a large backyard, flexible layout, modern finishes, trail access, and strong value in Magnolia, put 802 Rustic Way on the showing list.

Investor Tools

Property Icon
$264,637
Estimated Property Value
$164,363Estimated Mortgage Balance
$100,626Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,588 /month
Positive
Cash Flow Estimate:
$529 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$522/month
$244/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,937
$264,637
2025
$80,000
$184,637
$264,637
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,937
$264,637

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Fha
$188,512
Yes
First
Jan 24, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,363
$100,274
37%
62%
$1,131/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,375/mo
+$1,975/mo
15.2%

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.

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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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802 Rustic Way | Property Details | No Agent List