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B+
NoAgentList RatingHow are grades calculated? Info

$319,900

2451 Wagonwheel Drive, Rockwall, TX, 75032

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,579 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.04 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size8,407 sqft

Building Information

Year Built2001
Stories1
Garage Spaces1

Land Information

APN4316-000G-0006-00-0R
Lot Number6
SubdivisionLofland Farms Ph 1
Land UseResidential
Legal DescriptionLOFLAND FARMS PH 1, BLOCK G, LOT 6
Census Tract040512
Assessed Land Value$155,000
Assessed Improvement Value$232,510
Assessment Year2025

About this property

Beautiful 2 story home with large spacious lot. Home features arched entrances, open study or second living area, large computer station for children, spacious and open living room with brick fireplace, large open kitchen with tons of counter space and huge walk in pantry. Home is located within walking distance to elementary school, amenities center and community pool.

Investor Tools

Property Icon
$394,000
Estimated Property Value
$0Estimated Mortgage Balance
$118,276Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,364 /month
Positive
Cash Flow Estimate:
$788 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$517/month
$420/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,233
$387,510
2025
$155,000
$232,510
$387,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,233
$387,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Summit Funding Inc
Fha
$306,036
Yes
First
Mar 29, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$275,724
$118,276
30%
70%
$1,835/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,255/mo
+$755/mo
9.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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2451 Wagonwheel Drive | Property Details | No Agent List