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$435,390

3305 Lake Highlands Dr, Rowlett, TX, 75088

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,225 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.26 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave

Exterior

Lot Size10,594 sqft

Building Information

Year Built1998
Stories1
Roof Type105
Garage Spaces1

Land Information

APN440007700D0140000
Lot Number14
SubdivisionCambridge Meadow
Land UseResidential
Legal DescriptionCAMBRIDGE MEADOW ESTATES PH 2 BLK D LOT 14 INT201900058570 DD02282019 CO-DC 0007700D01400 1CW0007700D
Census Tract018134
Assessed Land Value$75,000
Assessed Improvement Value$360,390
Assessment Year2025

About this property

Welcome Home! This beautifully updated and well-maintained 3-bedroom, 2-bath home with a 2-car garage sits on a desirable corner lot in Garland ISD. From the moment you enter, you’ll notice the open and functional layout featuring a dedicated office near the entryway, two dining areas, and a split-bedroom design—all with walk-in closets to meet your storage needs. The heart of the home is the modern kitchen, showcasing beautiful granite countertops, a classic subway tile backsplash, and stainless steel appliances—perfect for both everyday living and entertaining. The spacious living area includes a striking fireplace framed by built-in shelving, offering both style and utility. Ample natural light enhances the welcoming feel throughout. The private primary suite provides a peaceful retreat, complete with an ensuite bath featuring dual sinks, a garden tub, and a separate shower. Step outside to enjoy a generously sized backyard with an open patio—ideal for outdoor dining, relaxing, or hosting guests. Situated just half a mile from Paddle Point Park and Lake Ray Hubbard, the location offers convenient access to outdoor recreation and local amenities. With proximity to major highways including the George Bush Turnpike, I-30, downtown Rockwall, and just 20 minutes to downtown Dallas, this home blends comfort, convenience, and charm. Schedule your private showing today!

Investor Tools

Property Icon
$435,390
Estimated Property Value
$270,385Estimated Mortgage Balance
$190,359Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,612 /month
Positive
Cash Flow Estimate:
$871 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$784/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,228
$435,390
2025
$75,000
$360,390
$435,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,228
$435,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$270,385
No
First
Jun 24, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,031
$190,359
43%
56%
$1,622/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,622/mo
+$1,078/mo
7.4%

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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3305 Lake Highlands Dr | Property Details | No Agent List