Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$520,000

NAL Estimated Property Value

2188 Portofino Dr, Rockwall, TX, 75032

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,360 Sq Ft
price_per_sqft$382.35 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Range, Microwave, Refrigerator

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Private Entrance, Storage
Lot Size2,875 sqft

Building Information

Year Built2008
Stories1
Garage Spaces2

Land Information

APN5215-0006-2188-00-0R
SubdivisionWatersedge At Lake Ray Hubbard Condomini
Land UseResidential
Legal DescriptionWATERSEDGE AT LAKE RAY HUBBARD CONDOMINIUMS (FKA VILLAS DE PORTOFINO CONDOMINIUMS), U #2188, BLD #6, .0661 AC, 1.0159%
Census Tract040510
Assessed Land Value$235,600
Assessed Improvement Value$280,056
Assessment Year2025

About this property

LAKEFRONT living minutes from Dallas! Close to shopping, schools, and restaurants in the harbor.! Relax, sit down, and enjoy water views on your balcony to enjoy the beautiful lakeside sunsets in the evening for entertaining family and friends. Wonderful lake views from the community pool area and the downtown Dallas area. Hungry? Take a quick walk lakeside to the Harbor District entertainment. Spacious open floor plan with abundant natural lighting. Three bedrooms and two Bathrooms. You must see the lake views from the master bedroom, living room, and kitchen. The master bedroom includes a spacious walk-in closet, a Master bath suite with Dual sinks, a tub, standalone shower. The kitchen features granite countertops, stainless appliances, and a pantry. All new carpet in the bedrooms. The utility room is separated and can fit both full-size washer and dryer. A rare opportunity to buy a beautiful Waters Edge condo at Lake Ray Hubbard before the summer starts. Two enclosed garage spaces.

Investor Tools

Property Icon
$520,000
Estimated Property Value
$371,018Estimated Mortgage Balance
$148,982Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,120 /month
Positive
Cash Flow Estimate:
$1,040 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$832/month
$330/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,388
$515,656
2025
$235,600
$280,056
$515,656
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,388
$515,656

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Bank Of Commerce
Building Or Construction Loan
$380,000
No
First
Jan 31, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$371,018
$148,982
28%
71%
$2,279/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,609/mo
$-299/mo
5.3%

City: Rockwall