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$495,000

606 Forest Trace, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,514 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$140.87 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesTrash Compactor, Convection Oven, Dishwasher, Disposal, Electric Cooktop, Plumbed For Ice Maker, Gas Water Heater
FlooringCarpet, Laminate, Slate, Wood

Exterior

Exterior FeaturesLighting
Lot Size14,418 sqft

Building Information

Year Built1985
Stories1
Garage Spaces2

Land Information

APN4860-000B-0001-00-0R
Lot Number1
SubdivisionRoyal Park Place
Land UseResidential
Legal DescriptionROYAL PARK PLACE, BLOCK B, LOT 1
Census Tract040303
Assessed Land Value$174,000
Assessed Improvement Value$329,294
Assessment Year2025

About this property

Impressive 4 bed 3 full bath home set on over a third acre overlooking the lake that is great for watching the sunset from one of two covered patios with family and friends. Great neighborhood that is quiet, family friendly and every home is different. Once you walk in, you notice the oversized windows with great views, then a huge eat in kitchen with new stove top, large pantry, breakfast bar and nook, Nice private entertaining area that leads to the private primary retreat that is split from the other 3 bedrooms. Fully landscaped, solid fence, 2 year old roof, 1 year old AC installed, No HOA. Come check it out today.

Investor Tools

Property Icon
$564,000
Estimated Property Value
$0Estimated Mortgage Balance
$371,187Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,384 /month
Positive
Cash Flow Estimate:
$1,128 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$906/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,051
$503,294
2025
$174,000
$329,294
$503,294
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,051
$503,294

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Wizards Llc
Unknown
$200,000
No
First
May 31, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,813
$371,187
65%
34%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,200/mo
+$1,810/mo
6.4%

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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606 Forest Trace | Property Details | No Agent List