$399,900
520 Covey Trl, Rockwall, TX, 75087
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh EquityCash Buyers
Highlights
Interior
AppliancesDishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave
FlooringCarpet, Tile, Wood
Exterior
Lot Size8,451 sqft
Building Information
Year Built2016
Stories1
Garage Spaces1
Land Information
APN4707-000C-0042-00-0R
Lot Number42
SubdivisionQuail Run Valley No 2
Land UseResidential
Legal DescriptionQUAIL RUN VALLEY NO 2, BLOCK C, LOT 42
Census Tract040202
Assessed Land Value$140,000
Assessed Improvement Value$305,714
Assessment Year2025
About this property
Welcome to 520 Covey Trail. This home features 3 bedrooms and 2.5 baths. Off the entry you will find a formal dining room and an office with double doors and raised ceiling. The eat in kitchen features granite counters with island, large walk in pantry, built in desk and is open to the family room with wood burning fireplace. Split bedrooms allow the master bedroom to have privacy. The utility is large enough for washer, dryer, freezer or second refrigerator. Outside the back yard offers a covered patio.
Investor Tools
$0Estimated Mortgage Balance
$445,714Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,674 /month
Positive
Cash Flow Estimate:
$891 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$285/month
$550/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,188
$445,714
2025
$140,000
$305,714
$445,714
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,188
$445,714
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$445,714
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$550/mo
+$2,460/mo
8.1%
