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$610,000

712 Rainwater Road, Dallas, TX, 75218

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,650 Sq Ft
price_per_sqft$226.04 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Double Oven, Vented Exhaust Fan
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Courtyard, Private Yard
Lot Size3.08 acres

Building Information

Year Built2020
Stories3
Roof Type172
Garage Spaces2

Land Information

APN00C81550000000007
Lot Number1-18
Land UseResidential
Legal DescriptionWHITE ROCK HIGHLANDS CONDOS BLK 1/7485 LTS 1-18 & COMMON AREA A-D ACS 3.077 UNIT 7 CE%5.55 INT202200276796 DD10202022 CO-DC
Census Tract012900
Assessed Land Value$223,370
Assessed Improvement Value$367,880
Assessment Year2025

About this property

As one of the newest developments in Lake Highlands, this stunning, modern home offers many quality finishes and a well-thought-out floor plan. The unique open-concept first floor is perfect for entertaining. The Living Room is spacious with beautiful features such as: 12’ ceilings, hardwood floors, & fireplace framed with designer tile, that opens to the dining room, kitchen, & powder bath. The kitchen is a cook’s dream, with an island that has room for additional seating, a waterfall edge countertop, Stainless Steel appliances, upgraded tile features, and a double oven. As you take the floating stairs to the second floor, you enter another wonderful living area, along with two beautiful bedrooms and one full bathroom. The 3rd floor is dedicated to the primary bedroom with an ensuite bath, oversized walk-in closet, & a large, covered balcony, which offers a wonderful private sanctuary. The low-maintenance private yard has a metal fence, & the development includes a communal dog park.

Investor Tools

Property Icon
$610,000
Estimated Property Value
$0Estimated Mortgage Balance
$96,176Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,660 /month
Positive
Cash Flow Estimate:
$1,220 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,083/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,941
$591,250
2025
$223,370
$367,880
$591,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,941
$591,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$539,100
No
First
Oct 20, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$513,824
$96,176
15%
84%
$3,264/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$3,664/mo
$-1,584/mo
4.1%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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712 Rainwater Road | Property Details | No Agent List