Last 24 Hours
$425,000
2131 Portofino Dr, Rockwall, TX, 75032
On Market
3 Beds
2 Bath
1,450 Sq Ft
$293.1 / sqft
Built in 2006Property Lead Type:
Must-SellAbsentee OwnerHigh EquityCash Buyers
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Heating Gas
CoolingAppliancesSome Gas Appliances, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Plumbed For Gas, Refrigerator, Vented Exhaust Fan
FlooringCarpet, Hardwood, Tile
Exterior
Private PoolExterior FeaturesLighting
Lot Size2,875 sqft
Building Information
Year Built2006
Stories1
Land Information
APN5215-0004-2131-00-0R
SubdivisionWatersedge At Lake Ray Hubbard Condomini
Land UseResidential
Legal DescriptionWATERSEDGE AT LAKE RAY HUBBARD CONDOMINIUMS (FKA VILLAS DE PORTOFINO CONDOMINIUMS), U #2131, BLD #4, .0661 AC, 1.0159%
Census Tract040510
Assessed Land Value$186,000
Assessed Improvement Value$271,128
Assessment Year2025
About this property
Water Edge Condo on the first floor. Gated Community. Open floor plans with hardwood floors. Fresh paint and carpet. Sit on the patio and have a lake view and swimming pool views out the back patio—a large master 3-bedroom condo with walk-in closets. Queen jetted tub with separate shower. Under the apartment, there is private assigned parking and parking out front. A place to call home close to shopping and schools and many great places to eat in the Harbor. Reserved parking 64 & 67. The condo is on the first floor, the last set of stairs. HOA pays for the building's water, sewer, and trash. Electricity is the responsibility of the owner.
Investor Tools
$0Estimated Mortgage Balance
$457,128Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,743 /month
Positive
Cash Flow Estimate:
$914 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$730/month
$330/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,475
$457,128
2025
$186,000
$271,128
$457,128
No
Tax History
Year
Tax Paid
Assessed Value
2024
$6,475
$457,128
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$457,128
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,830/mo
$330/mo
+$1,500/mo
4.8%
12.4%