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$189,000

1031 Signal Ridge Pl, Rockwall, TX, 75032

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths827 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$212.7 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringTile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size2,439 sqft

Building Information

Year Built1984
Stories1
Roof Type105

Land Information

APN4966-000I-1031-00-0R
SubdivisionSignal Ridge #2a 2b
Land UseResidential
Legal DescriptionSIGNAL RIDGE #2-B U 1031 BLDG I .056 AC .3296% OWNERSHIP COMMON AREA
Census Tract040510
Assessed Land Value$123,750
Assessed Improvement Value$47,042
Assessment Year2025

About this property

Bottom Floor End unit in Signal Ridge. 1 bedroom condo with fresh paint and hard surface flooring throughout! Signal Ridge offers gated access, 4 community pools, assigned parking with guest parking available, tons of greenspace for your furry friends or kiddos to play and it's within walking distance to The Harbor and Lake Ray Hubbard. Close to stores and restaurants and just a short distance to I30. Come enjoy the small lakeside community of Signal Ridge. Condo comes equipped with a full size washer and dryer and refrigerator. No investors, must be owner occupied for a minimum of 24 months. Owner will offer owner financing, terms subject to buyers credit.

Investor Tools

Property Icon
$189,000
Estimated Property Value
$127,500Estimated Mortgage Balance
$69,556Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,134 /month
Positive
Cash Flow Estimate:
$378 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$392/month
$191/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,757
$170,792
2025
$123,750
$47,042
$170,792
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,757
$170,792

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Millennium Trust Company Llc
Unknown
$127,500
No
First
Dec 9, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,444
$69,556
36%
63%
$765/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$956/mo
+$594/mo
9.8%

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: Rockwall

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1031 Signal Ridge Pl | Property Details | No Agent List