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$320,430

8501 Spinnaker Cove, Rowlett, TX, 75089

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,989 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$110.61 / sqft
Year BuiltBuilt in 1987

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size7,215 sqft

Building Information

Year Built1987
Stories1
Roof Type105
Garage Spaces2

Land Information

APN44021700010060000
Lot Number6
SubdivisionSpinnaker Cove
Land UseResidential
Legal DescriptionSPINNAKER COVE BLK 1 LOT 6 INT201900247012 DD09092019 CO-DC 0217000100600 1CW02170001
Census Tract018144
Assessed Land Value$85,000
Assessed Improvement Value$235,430
Assessment Year2025

About this property

Don't miss out on this home in the heart of Rowlett just minutes from Lake Ray Hubbard.Lots of square footage for this price. Really neat floor plan with spacious area at the front that makes a great family room and dining area.The kitchen is in the center of the home with a pass through to breakfast area. Lots of options with the large 2nd living area with ceramic tile,fresh paint and windows that offer great natural light.Split bedrooms,master with separate tub and shower.New laminate wood flooring and fresh paint throughout,subway tile in secondary bath.New roof just installed and foundation work just completed. 2 car garage. Great location with easy access to Hwy 66, I-30 and 190.

Investor Tools

Property Icon
$320,430
Estimated Property Value
$0Estimated Mortgage Balance
$320,430Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,923 /month
Positive
Cash Flow Estimate:
$641 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$814/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,160
$320,430
2025
$85,000
$235,430
$320,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,160
$320,430

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$320,430
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,770/mo
N/A
+$2,770/mo
10.4%

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.

Explore Texas Explore This Area
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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8501 Spinnaker Cove | Property Details | No Agent List