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$519,900

1962 Gullwing Dr, Rockwall, TX, 75087

Under ContractInfo
Beds4 Beds
Baths3 Bath
Baths2,670 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.72 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Convection Oven, Double Oven, Tankless Water Heater
FlooringCeramic Tile, Hardwood, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size9,191 sqft

Building Information

Year Built1999
Stories1
Garage Spaces2

Land Information

APN5188-000B-0018-00-0R
Lot Number18
SubdivisionTurtle Cove Addition Ph 2
Land UseResidential
Legal DescriptionTURTLE COVE ADDITION PH 2, BLOCK B, LOT 18
Census Tract040303
Assessed Land Value$166,250
Assessed Improvement Value$279,096
Assessment Year2025

About this property

Welcome home to one of the best yards in the neighborhood! Situated on an oversized lot in a desirable gated community, this exceptional property offers a true backyard oasis featuring a heated pool and spa, expansive green space, and a covered patio—perfect for entertaining, relaxing, or enjoying year-round outdoor living. Inside, you'll find a thoughtfully updated interior with beautiful nail-down hardwood flooring that extends through the main living areas, kitchen, entry, and study, while luxury vinyl plank flooring enhances the primary suite, secondary bedrooms, and spacious game room and tile in the bathrooms...making this a carpet free home! The primary suite provides a private retreat with a beautifully updated en-suite bathroom and an impressive walk-in closet. The well-appointed kitchen is designed for both everyday living and entertaining, featuring a gas cooktop and double convection ovens to make meal preparation a breeze. Combining quality updates, generous living spaces, and an incredible outdoor setting, this home offers the perfect blend of comfort, functionality, and resort-style living.

Investor Tools

Property Icon
$445,346
Estimated Property Value
$174,925Estimated Mortgage Balance
$291,212Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,119 /month
Positive
Cash Flow Estimate:
$1,040 /month

Interested in this property?

David Hullett

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$700/month
$669/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,174
$445,346
2025
$166,250
$279,096
$445,346
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,174
$445,346

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highland Homeloans Llc
Conventional
$174,925
No
First
Jun 23, 2020
Jul 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,134
$291,212
65%
35%
$1,049/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,718/mo
+$1,292/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.

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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1962 Gullwing Dr | Property Details | No Agent List