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$650,000

605 Highland Dr, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,068 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$211.86 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters, Lighting
Lot Size16,945 sqft

Building Information

Year Built2013
Stories1
Garage Spaces1

Land Information

APN4560-000E-0014-00-0R
Lot Number14
SubdivisionNorthshore #1
Land UseResidential
Legal DescriptionNORTHSHORE #1, BLOCK E, LOT 14
Census Tract040101
Assessed Land Value$224,000
Assessed Improvement Value$390,321
Assessment Year2025

About this property

OFFER DEADLINE, MONDAY, 4-8-24 AT 12:00 PM. Beautifully renovated, modern farmhouse, located near Historic Downtown and award winning Rockwall ISD within walking distance to the new Reinhardt Elementary School. Designer touches everywhere you look in this 4 bedroom, 2 and half bath sitting on large corner lot with mature trees and landscaping. Gorgeous hardwood floors and designer lighting greet you right away and lead you past beautiful millwork including ceiling treatments, wainscoting and built ins. Dream kitchen with custom cabinets, butcher block island, quartz countertops, opens to dining room, family room and cozy breakfast nook. Downstairs is the master bedroom with custom built ins, sauna in master closet, and a master bath that would rival most resorts. Upstairs is a kids retreat with game room, three bedrooms, full bath and balcony overlooking backyard. Backyard offers covered patio with swing, extended patio, privacy fence, extensive landscaping and matching storage sheds.

Investor Tools

Property Icon
$614,321
Estimated Property Value
$0Estimated Mortgage Balance
$614,321Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$628/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,464
$614,321
2025
$224,000
$390,321
$614,321
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,464
$614,321

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$614,321
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
N/A
+$3,010/mo
5.9%

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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