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$347,050

NAL Estimated Property Value

3701 Drakestone Avenue, Rowlett, TX, 75088

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,593 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.9 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size25,200 sqft

Building Information

Year Built1989
Stories1
Roof Type105
Garage Spaces2

Land Information

APN44016540100070000
Lot Number7
SubdivisionRidgecrest
Land UseResidential
Legal DescriptionRIDGECREST 2 BLK 10 LOT 7 INT202000357571 DD12212020 CO-DC 0165401000700 1CW01654010
Census Tract018133
Assessed Land Value$65,000
Assessed Improvement Value$282,050
Assessment Year2025

About this property

This updated home has been well cared for and it shows. Sitting on over half an acre in a well established neighborhood. 29 x 16 covered back patio is perfect for having friends and family over. Board on board privacy fence along with plenty of room to add a pool. Inside features three bedrooms with an office that could be used as a fourth bedroom. Updated kitchen includes granite c-tops, ss appliances and subway tile backsplash. Both bathrooms have also been updated. Spacious living and dining rooms are light and bright with large windows. All windows were replaced in July 2018 along with screens and plantation shutters. Too many updates to list here. MUST SEE! This beauty will not last long.

Investor Tools

Property Icon
$347,050
Estimated Property Value
$164,884Estimated Mortgage Balance
$182,166Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,082 /month
Positive
Cash Flow Estimate:
$694 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,558
$347,050
2025
$65,000
$282,050
$347,050
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,558
$347,050

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$184,100
No
First
Dec 21, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$164,884
$182,166
52%
48%
$1,104/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,104/mo
+$1,596/mo
9.3%

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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3701 Drakestone Avenue | Property Details | No Agent List