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$304,280

3801 University Dr, Rowlett, TX, 75088

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,415 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.61 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

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

Exterior

Exterior FeaturesPrivate Yard
Lot Size8,260 sqft

Building Information

Year Built1987
Stories1
Roof Type105
Garage Spaces2

Land Information

APN44016530040220000
Lot Number22
SubdivisionRidgecrest
Land UseResidential
Legal DescriptionRIDGECREST 1 BLK 4 LT 22 INT202500061626 DD03262025 CO-DC 0165300402200 1CW01653004
Census Tract018133
Assessed Land Value$65,000
Assessed Improvement Value$239,280
Assessment Year2025

About this property

Discover this beautifully updated 3-bedroom, 2-bathroom home ideally situated in Rowlett, TX. Featuring fresh new paint throughout and an updated kitchen with granite countertops, this home combines modern sophistication with cozy charm. Enjoy tile flooring in the main areas, adding both durability and aesthetic appeal. The large living space serves as the heart of the home, boasting abundant natural light and a wood-burning fireplace that promises a cozy ambiance. The master bathroom has been thoughtfully upgraded with dual sinks and a tiled shower, creating a spa-like retreat for homeowners. Step outside to a large, fenced private backyard adorned with mature trees and detailed landscaping in the front, providing a serene outdoor escape. With no HOA, you have the freedom to enjoy your property to the fullest. Located with quick, easy access to George Bush Turnpike and just minutes from Lake Ray Hubbard, convenience and recreation are within reach. Don’t miss out on this gem!

Investor Tools

Property Icon
$304,280
Estimated Property Value
$480,000Estimated Mortgage Balance
$0Estimated Equity
-58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,949 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$724/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,162
$304,280
2025
$65,000
$239,280
$304,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,162
$304,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Phh Mortgage Services Corp
Reverse Mortgage / Hecm
$480,000
No
First
Mar 26, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$473,404
N/A
0%
156%
$2,956/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$2,956/mo
$-256/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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3801 University Dr | Property Details | No Agent List