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$298,000

1320 Community Way, Royse City, TX, 75189

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,117 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$140.77 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard, Storage
Lot Size7,187 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APNR-12177-00B-0180-1
Lot Number18
SubdivisionMagnolia Phase 5 (Gcn)
Land UseResidential
Legal DescriptionMAGNOLIA PHASE 5 (GCN), BLK B, LOT 18
Census Tract031201
Assessed Land Value$80,000
Assessed Improvement Value$205,090
Assessment Year2026

About this property

Standout modern elevation in Magnolia Phase 5! This beautifully designed single-story home offers 4 bedrooms, 3 full baths, a dedicated study that can flex as a potential 5th bedroom, and 2,117 square feet of thoughtfully planned living space. The distinctive exterior features whitewashed brick, dark contrasting accents, a contemporary garage door and coordinated landscaping for impressive curb appeal. Inside, the open concept kitchen, dining and living areas create an ideal space for everyday living and entertaining. The kitchen features granite countertops, a large island with seating and sink, stained Shaker style cabinetry, stainless steel appliances, tile backsplash and pantry. The split bedroom layout provides added privacy. The spacious primary suite features a large walk-in closet and ensuite bath with an oversized tiled walk-in shower. Three additional bedrooms and two full baths provide plenty of space and flexibility. The dedicated study offers versatility as a home office, playroom, workout room or potential 5th bedroom. Outside, enjoy the covered rear patio, fenced backyard, storage shed and open space behind the property with no immediate rear neighbor. Roof replaced in 2024 with 30-year architectural shingles. Two car garage with finished floor. Community amenities include a pool, playground, park and pond.

Investor Tools

$221,052Estimated Mortgage Balance
$70,948Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,788 /month
Positive
Cash Flow Estimate:
$596 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$590/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,617
$285,090
2026
$80,000
$205,090
$285,090
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,617
$285,090

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Fha
$244,398
Yes
First
Sep 21, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,052
$70,948
24%
76%
$1,466/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,350/mo
$1,706/mo
+$1,644/mo
13.8%

City: Royse City

1320 Community Way | Property Details | No Agent List