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$365,000

3809 Martha Ln, Rowlett, TX, 75088

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,948 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.37 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Microwave
FlooringCeramic Tile, Hardwood, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size7,842 sqft

Building Information

Year Built1996
Stories1
Roof Type105
Garage Spaces2

Land Information

APN440162300N0080000
Lot Number8
SubdivisionPeninsula Rep
Land UseResidential
Legal DescriptionPENINSULA 5 REP BLK N LT 8 INT202000266663 DD09282020 CO-DC 0162300N00800 1CW0162300N
Census Tract018134
Assessed Land Value$80,000
Assessed Improvement Value$268,020
Assessment Year2025

About this property

Experience the warm atmosphere and elevated craftsmanship of this Rowlett beauty, rich with the comforts and character of home. Inside, nail-down oak hardwoods, stain-grade trim, crown molding, and plantation shutters create a cohesive look throughout. Every space has been refreshed with thoughtful updates and coordinated finishes, giving the home a balanced, well-cared-for feel that’s instantly ready to enjoy. A home office with French doors offers a quiet retreat for work or hobbies, while the formal dining room provides flexibility for gatherings or everyday routines. A floor-to-ceiling stone fireplace creates a striking focal point in the main living area that overlooks the 20 x 11 covered patio and private backyard. The kitchen is open to the family room, featuring quartz countertops, stainless appliances, a tile backsplash, wood-look tile flooring, and a breakfast bar that connects seamlessly to the casual dining space. The owner's suite includes a wood trim accent wall, walk-in closet, and an updated ensuite bath. Both baths feature granite vanities with updated cabinetry, fixtures, and tile finishes. Each bedroom offers hardwood flooring and a walk-in closet. Recessed LED lighting, updated hardware and fixtures, and soft neutral tones reinforce the home’s sense of quality and warmth. The backyard extends the living space with a wide covered patio and open deck for your firepit, creating a private setting for gatherings or quiet evenings. Enjoy peaceful walks just outside the back gate on the Lake Highland Trail. Upgrades—including a Nest thermostat, video doorbell, integrated security, radiant barrier, energy-efficient vinyl windows (’19), sprinkler system, Water Heater (’24), and a 16 SEER HVAC (’21)—make this home both smart and efficient. With no HOA and quick access to Lake Ray Hubbard, parks, dining, and major roadways, the location supports an active lifestyle. Ready to see it in person? Contact The Dunnican Team to schedule your private showing.

Investor Tools

Property Icon
$360,000
Estimated Property Value
$292,000Estimated Mortgage Balance
$69,691Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,190 /month
Positive
Cash Flow Estimate:
$730 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$661/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,131
$348,020
2025
$80,000
$268,020
$348,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,131
$348,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$292,000
No
First
Jan 16, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,309
$69,691
19%
81%
$1,751/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,520/mo
$1,751/mo
+$1,769/mo
11.7%

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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3809 Martha Ln | Property Details | No Agent List