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$229,900

408 S Fannin St Apt B, Rockwall, TX, 75087

Under ContractInfo
Beds2 Beds
Baths2 Bath
Baths1,352 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$170.04 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave, Refrigerator

Exterior

Lot Size2,222 sqft

Building Information

Year Built1983
Stories2
Roof Type105

Land Information

APN3600-000E-0003-B0-0R
Lot NumberS
SubdivisionEppstein
Land UseResidential
Legal DescriptionEPPSTEIN, BLOCK E, LOT S 16' OF THE N 40' OF 3
Census Tract040305
Assessed Land Value$111,000
Assessed Improvement Value$125,391
Assessment Year2025

About this property

Established townhome in a prime Rockwall location just minutes from the Historic Downtown District. This rare find offers walkable convenience paired with comfortable, low-maintenance living. The spacious downstairs living room features durable LVP and generous proportions, creating a flexible space for everyday living and entertaining. The kitchen includes tile flooring and wood-grain laminate Formica countertops, with an adjacent utility room for added functionality. A well-appointed half bath with tile flooring and granite counters completes the first level. Upstairs, both bedrooms are generously sized with carpet flooring and share a Jack and Jill full bath finished with tile flooring and granite countertops. Outdoor living is a standout feature with both a private back porch and an upstairs patio, offering multiple spaces to relax or entertain. Enjoy being just a short stroll from Rockwall City Hall, San Jacinto Plaza, and the vibrant downtown dining and retail scene including Zanata, Fable and Fire, Bin 303, Book Club Cafe, boutique shopping, free live music events, and the popular farmers markets. Convenient access to Lake Ray Hubbard, major thoroughfares, and Rockwall’s growing downtown corridor makes this location especially desirable.

Investor Tools

$0Estimated Mortgage Balance
$236,391Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,418 /month
Positive
Cash Flow Estimate:
$473 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$391/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,510
$236,391
2025
$111,000
$125,391
$236,391
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,510
$236,391

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$237,000
100%
0%
$0/mo

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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