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$325,000

707 Alexander Ln, Rockwall, TX, 75087

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,229 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.81 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCeramic Tile, Slate, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size10,803 sqft

Building Information

Year Built2015
Stories1
Garage Spaces2

Land Information

APN3940-000F-0010-00-0R
Lot Number10
SubdivisionHighridge Est
Land UseResidential
Legal DescriptionHIGHRIDGE EST, BLOCK F, LOT 10
Census Tract040303
Assessed Land Value$180,000
Assessed Improvement Value$416,244
Assessment Year2025

About this property

Paradise in the heart of Rockwall! To live here is to call yourself lucky! As soon as you approach the home you see the care & character from the hardscaping & landscaping to the large windows that bring in natural light. Once you enter the home you immediately feel the charm & feel at home. The fireplace, wood floors, vaulted ceilings & views out to the pool make the living room one of show stopping rooms in the home. Entertain family & friends by the pool, fire pit & under the covered patio. Located just minutes from the square in Rockwall, Highway 66 & easy access to I-30 this is a centrally located home. You won't find many homes that offer such privacy, pride of ownership and character so don't miss it!

Investor Tools

Property Icon
$596,244
Estimated Property Value
$315,095Estimated Mortgage Balance
$314,602Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,577 /month
Positive
Cash Flow Estimate:
$1,192 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$798/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,589
$596,244
2025
$180,000
$416,244
$596,244
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,589
$596,244

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$315,095
No
First
Nov 16, 2020
Dec 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,642
$314,602
52%
47%
$1,890/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$1,890/mo
+$420/mo
4.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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