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$450,000

1428 Silver Lake Dr, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,168 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.56 / sqft
Year BuiltBuilt in 2015

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 Cooktop, Gas Water Heater, Microwave, Convection Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size9,845 sqft

Building Information

Year Built2015
Stories1
Garage Spaces2

Land Information

APN3266-000I-0030-00-0R
Lot Number30
SubdivisionCaruth Lakes Phase 8b
Land UseResidential
Legal DescriptionCARUTH LAKES PHASE 8B, BLOCK I, LOT 30
Census Tract040202
Assessed Land Value$150,000
Assessed Improvement Value$301,649
Assessment Year2025

About this property

*** Multiple Offers received... Highest & Best offers are due by Sunday, July 16th, at 7pm *** LOCATION LOCATION LOCATION! Corner lot in Caruth Lakes with amazing lake views! Take a right from your front door and you are steps away from fishing and kayaking at Phelps Lake or take a left and you are steps away from the community pool, playground and splash pad! This single story home is the one you've been waiting for! Excellent floor plan, open concept, 4 bedrooms or 3 bedrooms with a study. Great kitchen features granite counters, lots of cabinets, gas cooktop, convection oven, built in microwave, open to breakfast and living. Oversized master with great master bath and large walk in closet. Exterior features include extended back patio, stone flower beds, sprinkler system and the yard is stunning...no filters on these pictures, the lawn is really that perfect! Roof is in the process of being replaced and will be completed prior to closing with like kind in quality.

Investor Tools

Property Icon
$451,649
Estimated Property Value
$432,250Estimated Mortgage Balance
$41,086Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,710 /month
Positive
Cash Flow Estimate:
$903 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$793/month
$263/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,256
$451,649
2025
$150,000
$301,649
$451,649
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,256
$451,649

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ml Mortgage Corp
Conventional
$432,250
No
First
Aug 16, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$410,563
$41,086
9%
91%
$2,592/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,855/mo
+$155/mo
8.0%

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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1428 Silver Lake Dr | Property Details | No Agent List