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$354,508

NAL Estimated Property Value

9212 Shipman St, Rowlett, TX, 75088

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,892 Sq Ft
price_per_sqft$158.51 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator

Exterior

Exterior FeaturesStorage
Lot Size7,187 sqft

Building Information

Year Built2010
Stories1
Garage Spaces2

Land Information

APN3930-000K-0011-00-0R
Lot Number11
SubdivisionHighland Meadows North #2
Land UseResidential
Legal DescriptionHIGHLAND MEADOWS NORTH #2, BLOCK K, LOT 11
Census Tract040301
Assessed Land Value$148,500
Assessed Improvement Value$206,008
Assessment Year2025

About this property

Beautifully updated, one-story Home in Rowlett. The large backyard has a covered patio area, an extended open patio with a storage shed and is perfect for entertaining or family get togethers. Great location near Lake Ray Hubbard and the new Bayside Lagoon. Close to shopping, dining and entertainment. Rockwall ISD.

Investor Tools

Property Icon
$354,508
Estimated Property Value
$196,715Estimated Mortgage Balance
$157,793Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,127 /month
Positive
Cash Flow Estimate:
$709 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$410/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,142
$354,508
2025
$148,500
$206,008
$354,508
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,142
$354,508

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lakeview Loan Servicing Llc
Conventional
$220,969
No
First
Nov 23, 2020
Dec 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,715
$157,793
44%
55%
$1,325/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$1,325/mo
+$1,375/mo
9.1%

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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9212 Shipman St | Property Details | No Agent List