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$436,000

306 Summit Ridge Drive, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,408 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$130.81 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size12,850 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APN4790-000E-0006-00-0R
Lot Number6
SubdivisionRidge Road Village
Land UseResidential
Legal DescriptionRIDGE ROAD VILLAGE, BLOCK E, LOT 6
Census Tract040303
Assessed Land Value$184,000
Assessed Improvement Value$216,523
Assessment Year2025

About this property

Tasteful updates interwoven w old Rockwall charm! Fresh paint throughout, newly carpeted bedrooms, eng hdwds & updated bathrooms on the surface with structural corrections underneath. This one is solid. Inter from the circle drive into stacked formals that can easily be a modern game room. Large living w vaulted ceiling, built-ins & tile floors. Kitchen updated w new SS appliances & fixtures while preserving character like the pass through above the sink & built-ins in the brkfst. Large master w fully updated bath incl marble counter tops, floor & bath tile, walkout deck for morning coffee or evening sunsets w peekaboo lake view. Enjoy a large back yard w lots of natural shade & open feel w iron style fence.

Investor Tools

Property Icon
$436,000
Estimated Property Value
$0Estimated Mortgage Balance
$273,146Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,616 /month
Positive
Cash Flow Estimate:
$872 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$592/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,924
$400,523
2025
$184,000
$216,523
$400,523
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,924
$400,523

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Durable Rental Properties Llc
Purchase Money Mortgage
$178,000
No
First
Nov 1, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,854
$273,146
62%
37%
$1,068/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,068/mo
+$1,942/mo
8.3%

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.

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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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306 Summit Ridge Drive | Property Details | No Agent List