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$323,000

4014 Mediterranean St, Rockwall, TX, 75087

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,616 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.36 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesElectric Range, Microwave, Refrigerator
FlooringCeramic Tile, Laminate, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters, Storage
Lot Size828 sqft

Building Information

Year Built2010
Stories2
Roof Type104

Land Information

APN4250-000D-0061-00-0R
SubdivisionLakeside Village #1
Land UseResidential
Legal DescriptionLAKESIDE VILLAGE #1, LOT D61
Census Tract040303
Assessed Land Value$225,500
Assessed Improvement Value$83,500
Assessment Year2025

About this property

Lakefront Gated community! This townhouse has just now completed updated. Fresh paint, waterproof engineering wood floor in all areas (including stairs) except wet area are ceramic tiles, no carpet in the home, granite counter-top, new sink, new disposal, new built-in microwave, new dishwasher, new range, new vanity sinks in both bathrooms complete updated new standing shower in primary bathroom, New upstairs HVAC unit. Living here you will feel like you are on vacation every day. You can enjoy the lake view, watching boats cruise by on the 1st floor covered wood deck or from second floor balcony or even from your primary bedroom. Do you like fishing? Step out your back door and do it. There are more that this community offers you like golf course, pool & cabana, community center, tennis, fitness, greenbelt and playground. Required TREC or TAR application, 2-month bank statements, 4 paystubs, 2 yrs. W2 or Tax returns and I'll provide link to pull credit and background check.

Investor Tools

Property Icon
$323,000
Estimated Property Value
$146,250Estimated Mortgage Balance
$203,488Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,938 /month
Positive
Cash Flow Estimate:
$646 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$719/month
$144/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,008
$309,000
2025
$225,500
$83,500
$309,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,008
$309,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Midi Tung Enterprises Inc
Conventional
$146,250
No
First
Jul 7, 2017
Aug 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,512
$203,488
62%
37%
$877/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,021/mo
+$1,289/mo
8.6%

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.

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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: Rockwall

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4014 Mediterranean St | Property Details | No Agent List