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$395,358

NAL Estimated Property Value

1942 S Lakeshore Dr, Rockwall, TX, 75087

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,429 Sq Ft
price_per_sqft$146.93 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Dryer, Gas Range

Exterior

Lot Size12,327 sqft

Building Information

Year Built1977
Stories1
Garage Spaces2

Land Information

APN4220-000D-0023-00-0R
Lot Number23
SubdivisionLakeridge Park
Land UseResidential
Legal DescriptionLAKERIDGE PARK, BLOCK D, LOT 23
Census Tract040303
Assessed Land Value$184,000
Assessed Improvement Value$211,358
Assessment Year2025

About this property

New roof installed!!!! Nestled in a prime location at 1942 S. Lakeshore Drive in Rockwall, TX, this beautifully renovated 3-bedroom, 2-bathroom home offers a fantastic blend of modern comfort and natural beauty. Step inside to discover fresh new flooring and paint throughout, creating a bright and inviting atmosphere. The updated kitchen boasts brand-new appliances, ready for you to create culinary delights. Imagine relaxing in your own backyard oasis, as this property backs directly onto a serene creek, providing picturesque views and a sense of tranquility. Nature lovers will appreciate the peaceful ambiance. Convenience is key with this location, as you'll find yourself just moments away from the popular Lake Ray Hubbard. Enjoy easy access to boating, fishing, parks, and all the recreational activities this expansive lake has to offer. This move-in ready home presents a wonderful opportunity to embrace comfortable living in a desirable Rockwall neighborhood with stunning natural surroundings and close proximity to lake adventures.

Investor Tools

Property Icon
$395,358
Estimated Property Value
$292,404Estimated Mortgage Balance
$102,954Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,372 /month
Positive
Cash Flow Estimate:
$791 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$598/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,197
$395,358
2025
$184,000
$211,358
$395,358
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,197
$395,358

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Unknown
$293,250
No
First
Mar 2, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$292,404
$102,954
26%
74%
$1,759/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,759/mo
+$551/mo
7.0%

Learn About the Market: Opportunity in Texas

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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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1942 S Lakeshore Dr | Property Details | No Agent List