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$399,999

1015 Forest Oaks, Reno, TX, 76020

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,560 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$256.41 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringTile

Exterior

Lot Size36,111 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APN15540-001-024-00
Lot Number24
SubdivisionNewsom Estates
Land UseResidential
Legal DescriptionACRES: 0.829 LOT: 24 SUBD: NEWSOM ESTATES
Census Tract140413
Assessed Land Value$80,000
Assessed Improvement Value$207,270
Assessment Year2025

About this property

Custom Built 2024. Three bedroom, three bath on 0.829 acres with 2 primary bedrooms, 2 baths and full laundry in main house and 1 bedroom 1 bath with full laundry and full kitchen in a separate apartment. Spacious Living area with LED lighting. Ceiling fans and LED lighting throughout. Both kitchens have SS appliances included. Dishwasher and microwave included in the primary house. Both laundry rooms include washer and dryer. Island and breakfast bar with storage cabinets below. Butcher block counter tops. Kitchen plumbed for propane or electric range. 250 gallon propane tank included. Both primary bedrooms have ensuite bath and walk in storage. Two walk in showers in two baths, and tub shower combo in 3rd bath. Flat screen wiring in all bedrooms, living room and guest quarters. New flat screen TV included in guest quarters. Cedar trim throughout. Tile flooring throughout. Main house has central air conditioning and heat. Guest quarters heated and cooled by air conditioning wall unit. Central plumbing control panel in main house utility room. High Speed internet installed. Extra heavy R30 insulation outside walls. Roof and interior walls with R13. Ceiling insulation with R19. Also includes electric outlet and light in Attic. Standard septic system with 340' lateral drain field. Full 50 amp RV hookup. Double driveway gates with circular drive and 1 walk through gate. 30 Amp electric supply to front gate area. Workshop, and Garage has 1-16 foot wide bay and 1-12 foot wide bay - 30 foot deep. Loft area in garage. Water and sewer plumbed to backyard for future outdoor kitchen or water feature. 13 outdoor faucets.

Investor Tools

Property Icon
$373,000
Estimated Property Value
$0Estimated Mortgage Balance
$21,960Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$447/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,500
$287,270
2025
$80,000
$207,270
$287,270
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2025
$3,500
$287,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$356,250
No
First
Jul 8, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$351,040
$21,960
5%
94%
$2,136/mo

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: Reno

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