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B+
NoAgentList RatingHow are grades calculated? Info

$289,990

1002 Somerset Circle, Forney, TX, 75126

$309,360 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,117 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.98 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Lot Size6,534 sqft

Building Information

Year Built2010
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.0857.0007.0009.00.02.00
Lot Number9
SubdivisionDevonshire Ph 1a
Land UseResidential
Legal DescriptionDEVONSHIRE PH 1A, BLOCK G, LOT 9; & HOUSE & HOUSE
Census Tract050209
Assessed Land Value$100,000
Assessed Improvement Value$244,140
Assessment Year2025

About this property

**MULTIPLE OFFERS RECEIVED PLEASE SUBMIT HIGHEST AND BEST BY 9PM APRIL 4TH. No showings until OPEN HOUSE April 3rd at 12pm. Have you been looking for a home that has lots of room and is priced under $300k. This Highland built, well maintained home is located in the highly sought after and established Devonshire Community. It boasts an incredible open floor plan with upgrades throughout. This home will not last long at all. Come see for yourself and make this house your forever home!

Investor Tools

Property Icon
$344,140
Estimated Property Value
$0Estimated Mortgage Balance
$84,646Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$309,359
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,065 /month
Positive
Cash Flow Estimate:
$688 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$814/month
$142/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,041
$344,140
2025
$100,000
$244,140
$344,140
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,041
$344,140

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$286,900
No
First
May 11, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$259,494
$84,646
24%
75%
$1,721/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,863/mo
+$697/mo
8.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Forney

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