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$375,000

1140 Islemere Drive, Rockwall, TX, 75087

$423,121 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,910 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$128.87 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Private Yard, Tennis Court(s)
Lot Size10,106 sqft

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN4955-000H-0034-00-0R
Lot Number34
SubdivisionShores North Phase 2a
Land UseResidential
Legal DescriptionSHORES NORTH PHASE 2A, BLOCK H, LOT 34
Census Tract040103
Assessed Land Value$135,000
Assessed Improvement Value$357,931
Assessment Year2025

About this property

Located in sought-after Rockwall ISD delivering A WOW factor from the moment you walk in with high vaulted ceilings and large windows bringing in soothing natural light. Split bedrooms, an upstairs game room, and a flex space with built-in bookshelves can be used as a home office, music room, or anything that fits your household’s needs. This corner lot, cul-de-sac street is huge on .23 acres! Home is move-in-ready with washer, dryer and fridge! The community offers golf course, parks,tennis courts, pools, trails, ponds and events in The Shores of Rockwall. Close to grocery, restaurants, highways and shopping, you will love the a resort lifestyle only one mile to the lake and only 30 minutes east of Dallas!

Investor Tools

Property Icon
$492,931
Estimated Property Value
$0Estimated Mortgage Balance
$202,937Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$423,121
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,958 /month
Positive
Cash Flow Estimate:
$986 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$779/month
$321/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,884
$492,931
2025
$135,000
$357,931
$492,931
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,884
$492,931

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$320,000
No
First
Jun 14, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$289,994
$202,937
41%
59%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,240/mo
+$770/mo
7.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Rockwall

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