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$234,000

123 Trout St, Rockwall, TX, 75032

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,160 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$211.12 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
CoolingCooling
AppliancesDisposal
FlooringCarpet

Exterior

Lot Size6,011 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces1

Land Information

APN5370-000B-0271-A0-0R
SubdivisionRockwall Lake Est #1
Land UseResidential
Legal DescriptionROCKWALL LAKE EST #1, BLOCK B, LOT PT OF 271, PT OF 272
Census Tract040503
Assessed Land Value$138,500
Assessed Improvement Value$76,922
Assessment Year2025

About this property

BACK ON THE MARKET due to buyer's lack of qualifications. $6,000 seller contribution for buyer! Remodeled! New Paint! New Luxury Vinyl Plank! New Carpet! Large Separate Laundry with extra space for a 2nd refrigerator or a deep freezer. New fixtures throughout. Big back yard with large storage shed. New roof 2023 with transferable warranty. Foundation work was completed in 2022 also has a transferable warranty. Just minutes to Lake Ray Hubbard, Interstate 30, tons of shopping, entertainment, and restaurants nearby.

Investor Tools

Property Icon
$234,000
Estimated Property Value
$239,488Estimated Mortgage Balance
$173Estimated Equity
-2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,469 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$302/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,449
$215,422
2025
$138,500
$76,922
$215,422
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,449
$215,422

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeview Loan Servicing Llc
Fha
$239,488
Yes
First
Jan 6, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$233,827
$173
0%
100%
$1,436/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.

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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123 Trout St | Property Details | No Agent List