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B+
NoAgentList RatingHow are grades calculated? Info
Days28Days on Market
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$525,000

$550,000

7406 Armstrong Ln, Rowlett, TX, 75089

On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths3,172 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$165.51 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer, Other
FlooringCeramic Tile, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size7,591 sqft

Building Information

Year Built1996
Stories2
Roof Type105
Garage Spaces2

Land Information

APN44016410010120000
Lot Number12
SubdivisionPrinceton Park
Land UseResidential
Legal DescriptionPRINCETON PARK PH 2 BLK 1 LOT 12 INT202200089885 DD03302022 CO-DC 0164100101200 1CW01641001
Census Tract018149
Assessed Land Value$90,000
Assessed Improvement Value$358,380
Assessment Year2025

About this property

Welcome to this expansive 3172 SF 2 story estate, perfectly engineered for multigenerational families or savvy investors seeking an immediate, highyield income stream. Located in a prime Rowlett neighborhood near Lake Ray Hubbard with NO HOA. This fully furnished, turnkey property offers unmatched freedom and versatility. The exterior features an attached 2car garage with a large driveway, providing abundant parking space for boat, RV, and cars without restrictive neighborhood rules. The main level features a welcoming living room, 2 spacious bedrooms + 1.5 baths, making it ideal for guests or accessibility. The heart of the home is the chef’s kitchen, with a massive granite island, walkin pantry, gas range, and built in cabinetry. All appliances convey with the sale, including multiple refrigerators, washer+dryer, coffee maker+more. For meals, choose between the bright casual breakfast area or host guests in the separate formal dining room. Upstairs, the layout opens into 5 bedrooms, 2 full baths, and media or game room that serves as the entertainment hub. The outdoor living space features a large fenced backyard with covered patio for entertaining family, friends +pets. The location offers convenience. Residents can walk to Twin Star Park to enjoy the playground, skate park, basketball+tennis courts. Minutes from nature trails, boating +fishing on Lake Ray Hubbard, with premier shopping +dining nearby at Firewheel Town Center and The Harbor at Rockwall. Easy access to Highway 66, George Bush Turnpike, and I30. For investors, this property operates as a highly lucrative rental asset, generating an average of $800 per month per bedroom or $5600month, with all 7 bedrooms fully occupied on flexible month-to-month arrangements. With no long-term leases tying down the property, a buyer can seamlessly inherit this turnkey cash flow from day one, or easily transition the home for immediate owner-occupancy. Don’t miss this rare opportunity to claim this unique home!

Investor Tools

Property Icon
$544,000
Estimated Property Value
$300,000Estimated Mortgage Balance
$268,497Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,264 /month
Positive
Cash Flow Estimate:
$1,088 /month

Interested in this property?

Christopher Ohlig

Compass RE Texas, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$728/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,017
$448,380
2025
$90,000
$358,380
$448,380
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,017
$448,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Change Lending Llc
Conventional
$300,000
No
First
Mar 30, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,525
$171,855
38%
51%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,620/mo
$1,799/mo
+$1,821/mo
8.0%

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: Rowlett

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7406 Armstrong Ln | Property Details | No Agent List