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$420,000

NAL Estimated Property Value

9518 Grantham Dr, Rowlett, TX, 75087

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,580 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.79 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesStorage
Lot Size8,625 sqft

Building Information

Year Built1996
Stories1
Garage Spaces2

Land Information

APN5410-000F-0016-00-0R
Lot Number16
SubdivisionHeritage On The Lake Ph 3
Land UseResidential
Legal DescriptionHERITAGE ON THE LAKE PH 3, BLOCK F, LOT 16
Census Tract040301
Assessed Land Value$155,000
Assessed Improvement Value$265,000
Assessment Year2025

About this property

PRICE REDUCTION! Single Story home located on a corner lot in Rockwall ISD. Walk into a huge foyer with gorgeous wood floors. Two spacious rooms located on each side can be a dining room, living room or office. One can be used as an office or 2nd Living Area and the other as a formal dining room. The kitchen is open and features a double oven and plenty of cabinet space. A beautiful rock fireplace with gas logs is the centerpiece of the large open family room. The primary bedroom is grand and features a tray ceiling, beautiful wood flooring, two closets - one which is a walk-in and an ensuite bath. Architecture features and soaring ceilings throughout. No carpet! Storage shed in backyard along with a nice covered patio and an 8' privacy fence. Very close to Lake Ray Hubbard, Baylor Lakepoint Hospital, restaurants and grocery stores. The square in downtown Rockwall is right across the 66 bridge where you'll find more restaurants and shopping. Perfect Location!

Investor Tools

Property Icon
$420,000
Estimated Property Value
$411,047Estimated Mortgage Balance
$8,953Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$679/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,047
$420,000
2025
$155,000
$265,000
$420,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,047
$420,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$425,000
Yes
First
Jul 9, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$411,047
$8,953
2%
98%
$2,549/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,310/mo
$2,549/mo
$-239/mo
6.6%

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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9518 Grantham Dr | Property Details | No Agent List