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$305,288

NAL Estimated Property Value

703 Parks Ave, Rockwall, TX, 75087

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,020 Sq Ft
price_per_sqft$279.31 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringVinyl

Exterior

Lot Size7,013 sqft

Building Information

Year Built1990
Stories1
Roof Type105

Land Information

APN3710-000C-0008-00-0R
Lot Number8
SubdivisionForee
Land UseResidential
Legal DescriptionFOREE, BLOCK C, LOT 8
Census Tract040202
Assessed Land Value$184,150
Assessed Improvement Value$121,138
Assessment Year2025

About this property

This home is located in the heart of Downtown Rockwall. The home has been completely updated. Recent roof, windows, electrical, plumbing, HVAC, flooring, tile and paint inside and out. The home is within walking distance to the new Dobbs Elementary. Rockwall has a fantastic family atmosphere with activities almost every weekend in the town square. Come and check this one out!

Investor Tools

Property Icon
$305,288
Estimated Property Value
$182,533Estimated Mortgage Balance
$122,755Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,832 /month
Positive
Cash Flow Estimate:
$611 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,949
$305,288
2025
$184,150
$121,138
$305,288
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,949
$305,288

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$192,500
No
First
Jul 28, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$182,533
$122,755
40%
60%
$1,155/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,155/mo
+$1,155/mo
9.1%

City: Rockwall

703 Parks Ave | Property Details | No Agent List