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$448,000

NAL Estimated Property Value

1059 Midnight Pass, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,370 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$204.64 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting
Lot Size8,668 sqft

Building Information

Year Built2003
Stories1
Roof Type172
Garage Spaces2

Land Information

APN3248-000A-0010-00-0R
Lot Number10
SubdivisionCaruth Lake Phase One
Land UseResidential
Legal DescriptionCARUTH LAKE PHASE ONE, BLOCK A, LOT 10
Census Tract040202
Assessed Land Value$155,000
Assessed Improvement Value$256,144
Assessment Year2025

About this property

Meticulously maintained 1 owner home and if your looking for a backyard paradise, you found it! POOL, SPA, beautiful view, privacy. HUGE covered patio and deck all in the heart of North Rockwall. Convenient to shopping, majors highways, hospitals and schools. 4 bedroom, 2 bath, 2 living, 2 car garage. Property improvements include pool plaster 2019, pool pump 2021. Fence 2015, patio cover 2010. 30 year roof 2011. Windows replaced 2015. HVAC 2018. Radiant barrier and insulation. Gas logs added 2013. Leaf guard on gutters 2022. Bathrooms updated 2016. Kitchen counters and recess lighting 2014. Kitchen appliances miscellaneous dates. Carpet replaced 2016. Walking distance to community pool, lake, parks and trails.

Investor Tools

Property Icon
$448,000
Estimated Property Value
$416,312Estimated Mortgage Balance
$31,688Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,910 /month
Positive
Cash Flow Estimate:
$970 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$661/month
$525/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,689
$411,144
2025
$155,000
$256,144
$411,144
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,689
$411,144

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$450,000
No
First
May 30, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$416,312
$31,688
7%
93%
$2,698/mo

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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1059 Midnight Pass | Property Details | No Agent List