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$455,000

1189 Waters Edge Dr, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,755 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.15 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size9,060 sqft

Building Information

Year Built2016
Stories1
Garage Spaces2

Land Information

APN3256-000A-0018-00-0R
Lot Number18
SubdivisionCaruth Lake Phase 6
Land UseResidential
Legal DescriptionCARUTH LAKE PHASE 6, BLOCK A, LOT 18
Census Tract040202
Assessed Land Value$150,000
Assessed Improvement Value$328,396
Assessment Year2025

About this property

Beautiful home in family friendly community of Caruth Lakes and award-winning Rockwall ISD. This home features an inviting and open layout perfect for entertaining. Upon walking in, you will love the large family room, stone fireplace, huge kitchen with loads of cabinet space, breakfast bar, and stainless-steel appliances. On the main floor, you will find a dining room space that could make a great office, if needed and a private master suite with a large garden tub and walk in closet. Upstairs offers a kids' retreat with an open game room and 3 bedrooms. Outside features include a large covered front porch and a Texas-sized, pergola covered, back porch that overlooks a large green space for ultimate privacy. Neighborhood amenities include a pool, playground, jogging and biking trails as well as several ponds all conveniently located close to downtown Rockwall which offers many dining, shopping, and entertainment options. Don't miss your hance on this amazing home!

Investor Tools

Property Icon
$479,000
Estimated Property Value
$407,508Estimated Mortgage Balance
$95,236Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,874 /month
Positive
Cash Flow Estimate:
$958 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$764/month
$565/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,773
$478,396
2025
$150,000
$328,396
$478,396
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,773
$478,396

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Synergy One Lending
Fha
$407,508
Yes
First
Mar 21, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$383,764
$95,236
19%
80%
$2,444/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$3,009/mo
+$1/mo
7.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

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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1189 Waters Edge Dr | Property Details | No Agent List