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$449,900

3513 Lake Highlands Dr, Rowlett, TX, 75088

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,049 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.57 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size12,894 sqft

Building Information

Year Built1998
Stories1
Roof Type105
Garage Spaces2

Land Information

APN440007700D0040000
Lot Number4
SubdivisionCambridge Meadow
Land UseResidential
Legal DescriptionCAMBRIDGE MEADOW ESTATES PH 2 BLK D LT 4 INT202300137166 DD07102023 CO-DC 0007700D00400 1CW0007700D
Census Tract018134
Assessed Land Value$75,000
Assessed Improvement Value$325,110
Assessment Year2025

About this property

Situated on an oversized lot, backing a greenbelt and walking trail, this gorgeous property offers 4 bedrooms, 2 full bathrooms, a formal dining room or study with an open kitchen and living design and is ready for new owners! The kitchen offers a stainless steel appliance package, kitchen island with butcher block countertop, a breakfast bar and granite countertops. The spacious living room has a wood burning fireplace with great views of the the huge backyard that offer enough space for your dream pool and play yard! The owners suite is opposite of the secondary bedrooms and offers and en-suite bathroom with walk-in closet. There is an automatic gate at the front of the property leading to an oversized parking pad out back that would allow for boat or RV parking. New Roof in 2019! New windows in 2020! Minutes to Lake Ray Hubbard, the Rockwall Harbor and so much more. This one is sure to impress!

Investor Tools

Property Icon
$400,110
Estimated Property Value
$384,750Estimated Mortgage Balance
$35,282Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,699 /month
Positive
Cash Flow Estimate:
$900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$951/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,417
$400,110
2025
$75,000
$325,110
$400,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,417
$400,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$384,750
No
First
Jul 10, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$364,828
$35,282
8%
91%
$2,307/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$2,307/mo
+$1,213/mo
10.6%

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.

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: Rowlett

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3513 Lake Highlands Dr | Property Details | No Agent List