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$299,999

1009 Norias Drive, Forney, TX, 75126

$308,542 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,985 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$100.5 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven
FlooringCarpet, Ceramic Tile

Exterior

Lot Size5,750 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00.3867.0014.0013.00.02.00
Lot Number13
SubdivisionTravis Ranch Ph 2e1
Land UseResidential
Legal DescriptionTRAVIS RANCH PH 2E1, BLOCK N, LOT 13
Census Tract050207
Assessed Land Value$75,000
Assessed Improvement Value$290,366
Assessment Year2025

About this property

2019-built home offering four bedrooms, two full baths, and approximately 2,485 square feet in the amenity-rich Travis Ranch community. The thoughtfully designed two-story floor plan provides generous living space and flexibility for entertaining, working from home, or creating a game or media area. A welcoming fireplace anchors the main living space, while smart-home technology, decorative lighting, Low-E windows, a radiant barrier, and a programmable thermostat add comfort and efficiency. Additional features include an attached two-car garage and a manageable backyard ready for outdoor enjoyment. Travis Ranch residents enjoy access to a community pool, splash park, pavilion, playgrounds, sports facilities, walking trails, and an on-site elementary school. Conveniently located near Lake Ray Hubbard, Heath, shopping, dining, and major commuter routes, this home combines newer construction, abundant space, and outstanding neighborhood amenities at a compelling value.

Investor Tools

$280,096Estimated Mortgage Balance
$85,270Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$308,541
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,192 /month
Positive
Cash Flow Estimate:
$731 /month

Interested in this property?

Paul Harding

Orchard Brokerage

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$600/month
$423/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,376
$365,366
2025
$75,000
$290,366
$365,366
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,376
$365,366

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Upequity Spv2 Llc
Conventional
$280,500
No
First
Jul 24, 2026
Oct 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$280,096
$85,270
23%
77%
$1,682/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$2,105/mo
+$455/mo
8.4%

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: Forney

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1009 Norias Drive | Property Details | No Agent List