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$447,625

NAL Estimated Property Value

1195 Waters Edge Dr, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,228 Sq Ft
price_per_sqft$188.46 / sqft
Year BuiltBuilt in 2011

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, Gas Range

Exterior

Private PoolPrivate Pool
Lot Size9,496 sqft

Building Information

Year Built2011
Stories1
Garage Spaces2

Land Information

APN3256-000A-0017-00-0R
Lot Number17
SubdivisionCaruth Lake Phase 6
Land UseResidential
Legal DescriptionCARUTH LAKE PHASE 6, BLOCK A, LOT 17
Census Tract040202
Assessed Land Value$150,000
Assessed Improvement Value$297,625
Assessment Year2025

About this property

Location, Location, Location!! Christmas special ! What a deal Can move quickly! The living room features a pretty corner fireplace, luxury vinyl wood look floors, and large windows that let in natural light and showcase the scenic view. Eat in kitchen with plenty of countertops, and cabinet space. The master bedroom has a walk-in closet, an ensuite bathroom with a garden tub and a separate shower, and his and hers vanities. The other three bedrooms are also spacious and share a full bathroom . The backyard is serene and relaxing with the view and no neighbors behind you. The home also has a two-car garage, a spacious laundry room, and a formal dining that can be used as an office if needed. This home is located in an excellent neighborhood, close to John King and I30. This is a rare opportunity to own a beautiful home with a spectacular view. Don’t miss it!

Investor Tools

Property Icon
$447,625
Estimated Property Value
$299,322Estimated Mortgage Balance
$148,303Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,686 /month
Positive
Cash Flow Estimate:
$895 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$703/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,197
$447,625
2025
$150,000
$297,625
$447,625
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,197
$447,625

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$312,000
No
First
Feb 20, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$299,322
$148,303
33%
67%
$1,871/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,421/mo
+$589/mo
8.1%

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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1195 Waters Edge Dr | Property Details | No Agent List