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B+
NoAgentList RatingHow are grades calculated? Info

$235,000

3809 Drakestone Ave, Rowlett, TX, 75088

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,506 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.04 / sqft
Year BuiltBuilt in 1989

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, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesFire Pit, Rain Gutters, Storage
Lot Size7,906 sqft

Building Information

Year Built1989
Stories1
Roof Type105
Garage Spaces4

Land Information

APN44016540110130000
Lot Number13
SubdivisionRidgecrest
Land UseResidential
Legal DescriptionRIDGECREST 2 BLK 11 LOT 13 INT202000170567 DD06302020 CO-DC 0165401101300 1CW01654011
Census Tract018133
Assessed Land Value$65,000
Assessed Improvement Value$279,230
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. Showings will end at 10 am on Sunday May 31. Offers due by 12pm May 31. Please see transaction desk for information regarding submitting offers. Welcome home to this completely updated, immaculately maintained 3 bed 2 bath in quiet Rowlett neighborhood. Too many custom features and upgrades to list, this one wont last long!

Investor Tools

Property Icon
$344,230
Estimated Property Value
$185,000Estimated Mortgage Balance
$180,542Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,065 /month
Positive
Cash Flow Estimate:
$688 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$588/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,337
$344,230
2025
$65,000
$279,230
$344,230
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,337
$344,230

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Rate Financial Group
Conventional
$185,000
No
First
Jun 30, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$163,688
$180,542
52%
48%
$1,110/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,110/mo
+$1,590/mo
9.4%

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.

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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3809 Drakestone Ave | Property Details | No Agent List