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$424,188

409 Ridgeview Drive, Rockwall, TX, 75087

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,679 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$232.28 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Gas Water Heater

Exterior

Exterior FeaturesFire Pit, Rain Gutters
Lot Size9,845 sqft

Building Information

Year Built1980
Stories1
Garage Spaces2

Land Information

APN4800-000D-0009-00-0R
Lot Number9
SubdivisionRidgeview
Land UseResidential
Legal DescriptionRIDGEVIEW, BLOCK D, LOT 9
Census Tract040303
Assessed Land Value$180,000
Assessed Improvement Value$244,188
Assessment Year2025

About this property

Tastefully remodeled 3 bed 2 bath home in the heart of Rockwall! Walking distance to the downtown square for dining, shopping & entertainment! Also easy access to HWY 66 & the lake! Notice fresh landscaping, newly painted white brick with black trim, cedar front porch accents & uplights. Enter into an open floorplan with vinyl plank flooring throughout, upgraded lighting & fresh paint. Kitchen features new quartz countertops, updated hardware & stainless steel appliances including the fridge! Massive laundry room with space for an extra fridge or freezer & cabinets installed. Wonderful outdoor yard space with large open patio. Foundation just repaired with warranty & all plumbing under slab completely replaced.

Investor Tools

Property Icon
$424,188
Estimated Property Value
$0Estimated Mortgage Balance
$332,184Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,545 /month
Positive
Cash Flow Estimate:
$848 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$651/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,696
$424,188
2025
$180,000
$244,188
$424,188
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,696
$424,188

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$99,999
No
First
Feb 1, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$92,004
$332,184
78%
22%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$600/mo
+$1,710/mo
6.5%

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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409 Ridgeview Drive | Property Details | No Agent List