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$398,000

2040 Gleaner Dr, Rockwall, TX, 75032

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,210 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.78 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Range, Microwave, Convection Oven
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size10,759 sqft

Building Information

Year Built2006
Stories1
Garage Spaces2

Land Information

APN4311-000H-0004-00-0R
Lot Number4
SubdivisionLofland Farms Ph 5-B
Land UseResidential
Legal DescriptionLOFLAND FARMS PH 5-B, BLOCK H, LOT 4
Census Tract040512
Assessed Land Value$155,000
Assessed Improvement Value$237,096
Assessment Year2025

About this property

This stunning home features one of the most popular floorplans in the sought-after Lofland Farms community and has been completely remodeled with high-end upgrades throughout. Step inside to find brand new carpet and beautiful luxury vinyl plank, complemented by fresh interior paint that gives the home a bright, modern feel. The spacious living area flows seamlessly into an open-concept kitchen, which boasts brand new appliances—including a versatile oven with convection and air fry capabilities—new countertops, and upgraded flooring in both the kitchen and breakfast nook. The primary suite offers two generous walk-in closets and a luxurious en suite bathroom complete with dual vanities, a separate shower, and a relaxing garden tub. Three additional bedrooms share a large second bathroom with double sinks, perfect for family or guests. The home also features a formal dining room and an additional versatile space that can be used as a formal living area, home office, or flex room to suit your needs Enjoy outdoor living with a large covered patio and an oversized backyard that backs up to a serene greenbelt—ideal for relaxation or entertaining. Community amenities include a pool, park, and playground, making this the perfect place to call home. Prepare to be impressed the moment you walk through the door—this home is filled with stunning upgrades and inviting charm throughout.

Investor Tools

Property Icon
$398,000
Estimated Property Value
$326,400Estimated Mortgage Balance
$76,860Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$564/month
$614/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,781
$392,096
2025
$155,000
$237,096
$392,096
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,781
$392,096

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$326,400
No
First
Jun 30, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$321,140
$76,860
19%
81%
$1,957/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,571/mo
$-261/mo
7.0%

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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2040 Gleaner Dr | Property Details | No Agent List