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$275,000

9417 Shipman St, Rowlett, TX, 75088

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,855 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.25 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
CoolingCooling
AppliancesDisposal, Electric Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size7,187 sqft

Building Information

Year Built1986
Stories1
Garage Spaces2

Land Information

APN3930-000N-0022-00-0R
Lot Number22
SubdivisionHighland Meadows North #2
Land UseResidential
Legal DescriptionHIGHLAND MEADOWS NORTH #2, BLOCK N, LOT 22
Census Tract040301
Assessed Land Value$148,500
Assessed Improvement Value$143,434
Assessment Year2025

About this property

PRIME LOCATION AND OPPORTUNITY...Welcome to this well-maintained 3-bedroom, 2-bath home with a 2-car garage, ideally located in the award-winning Rockwall ISD. Offering a rare combination of comfort, convenience, and potential, this property presents a blank canvas with built-in equity, ready for you to create your dream home. Inside, you’ll find a functional floor plan with spacious living areas, generously sized bedrooms, and abundant natural light throughout. The kitchen and common areas are well-kept yet offer the perfect opportunity for personal updates and design touches, making this home an excellent choice for first-time buyers, investors, or anyone seeking a home with growth potential. Step outside to enjoy the covered patio, ideal for relaxing evenings or weekend gatherings, with a backyard offering ample space for gardening, play, or entertaining. The location is truly exceptional—within walking distance to Lake Pointe Hospital and just minutes from Lake Ray Hubbard, Interstate 30 and the President George Bush Turnpike, providing easy access to all of Dallas-Fort Worth. Shopping, dining, and recreational amenities are nearby, ensuring everyday convenience. With its prime location, strong school district, and endless potential, this property is a must-see for buyers looking to invest in both lifestyle and value.

Investor Tools

Property Icon
$291,934
Estimated Property Value
$115,000Estimated Mortgage Balance
$178,445Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,752 /month
Positive
Cash Flow Estimate:
$584 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$179/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$683
$291,934
2025
$148,500
$143,434
$291,934
No

Tax History

Year
Tax Paid
Assessed Value
2024
$683
$291,934

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Unknown
$115,000
No
First
Aug 29, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,489
$178,445
61%
39%
$690/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,700/mo
$690/mo
+$2,010/mo
11.1%

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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9417 Shipman St | Property Details | No Agent List