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$369,926

NAL Estimated Property Value

605 Lake Meadows Dr, Rockwall, TX, 75087

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,753 Sq Ft
price_per_sqft$136.85 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,710 sqft

Building Information

Year Built1985
Stories1
Garage Spaces2

Land Information

APN5100-000H-0005-00-0R
Lot Number5
SubdivisionStonebridge Meadows #4
Land UseResidential
Legal DescriptionSTONEBRIDGE MEADOWS #4, BLOCK H, LOT 5
Census Tract040303
Assessed Land Value$174,000
Assessed Improvement Value$195,926
Assessment Year2025

About this property

Absolutely gorgeous home surrounded by mature trees within walking distance of Historic Downtown Rockwall and Lake Ray Hubbard! Entry leads to a spacious family room with vaulted ceilings and cozy fireplace. Eat in kitchen with tons of cabinets and formal dining. 3 well appointed bedrooms. Master is huge! Master bath has his and her vanity areas. Super cute enclosed patio or sunroom off the back of the house, accessible from the master or family room. Incredible backyard with lush landscaping, soaring trees and plenty of room to play. Close to restaurants, great schools, entertainment, and highways for commuters. Multiple Offers received. Requesting highest and best offers be submitted by 8-10-20 at 7pm

Investor Tools

Property Icon
$369,926
Estimated Property Value
$0Estimated Mortgage Balance
$369,926Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$642/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,857
$369,926
2025
$174,000
$195,926
$369,926
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,857
$369,926

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$369,926
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
N/A
+$2,310/mo
7.5%

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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605 Lake Meadows Dr | Property Details | No Agent List