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$405,000

2405 Balsam Dr, Rowlett, TX, 75089

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,090 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.78 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave, Refrigerator, Washer
FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size8,547 sqft

Building Information

Year Built1995
Stories1
Roof Type105
Garage Spaces2

Land Information

APN440224000F0150000
Lot Number15
SubdivisionSpringfield
Land UseResidential
Legal DescriptionSPRINGFIELD ESTATES PH A BLK F LOT 15 INT202500021461 DD02032025 CO-DC 0224000F01500 1CW0224000F
Census Tract018157
Assessed Land Value$70,000
Assessed Improvement Value$320,000
Assessment Year2025

About this property

Step into this inviting Highland Home, where thoughtful design and modern updates create a tranquil haven. The moment you walk in, you’re greeted by fresh paint, updated LVP flooring, and high ceilings that enhance the home’s open and airy ambiance. The family room is a true centerpiece, featuring a stunning wood-burning, floor-to-ceiling brick fireplace and a wall of windows that flood the space with natural light, fostering a sense of relaxation and warmth. The island kitchen is both functional and charming, with built-in appliances, a stainless steel refrigerator, and an expansive casual dining area that offers lovely views of the private, oversized backyard. Whether you’re enjoying your morning coffee or hosting loved ones, this space is perfect for creating lasting memories. The owner’s retreat provides a peaceful escape, complete with a bay window sitting area, vaulted ceilings, and a serene ensuite bath. Pamper yourself in the soaking tub, enjoy the walk-in shower with a built-in seat and rain glass surround, and appreciate the generous walk-in closet. A versatile fourth bedroom doubles as an ideal home office, adding flexibility to the layout. Outside, the cedar-covered patio invites you to unwind while enjoying the beautifully landscaped yard, designed to create your own private oasis. Solar screens, a sprinkler system, and included washer and dryer make this home as practical as it is serene. Nestled in a quiet, well-kept neighborhood with large lots and no HOA, this property offers both privacy and convenience. Enjoy peaceful walks through the beautifully maintained community or venture to nearby Lake Ray Hubbard for a day of boating, fishing, or picnicking by the water. Conveniently located near Firewheel Pkwy and PGBT-190, you'll have easy access to Firewheel Town Center, shopping, dining, entertainment venues and excellent schools. A serene retreat with easy access to everything you need. Don't miss this chance to make it yours!

Investor Tools

Property Icon
$390,000
Estimated Property Value
$210,000Estimated Mortgage Balance
$184,646Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,430 /month
Positive
Cash Flow Estimate:
$810 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$634/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,663
$390,000
2025
$70,000
$320,000
$390,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,663
$390,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$210,000
No
First
Feb 3, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$205,354
$184,646
47%
53%
$1,260/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,770/mo
$1,260/mo
+$1,510/mo
8.5%

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: Rowlett

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2405 Balsam Dr | Property Details | No Agent List