B+

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Owner Contacts

$284,669

NAL Estimated Property Value

1017 Richmond Ln, Forney, TX, 75126

Off Market

4 Beds

2 Bath

2,027 Sq Ft

Single Family Residence

$147.95 / sqft

Built in 2002

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Microwave, Refrigerator

FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters

Lot Size7,405 sqft

Building Information

Year Built2002

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00.4100.0017.0009.00.02.00

Lot Number9

SubdivisionWindmill Farms

Land UseResidential

Legal DescriptionWINDMILL FARMS PH 1C BLOCK Q LOT 9

Census Tract050204

Assessed Land Value$70,000

Assessed Improvement Value$214,669

Assessment Year2025

About this property

Charming one story home in highly desirable & master planned community of Windmill Farms! This well maintained home features 4 bedrooms & 2 bathrooms along with formal dining & formal living upon entry that can also be used as office space. This open concept floor-plan features a large eat-in kitchen with breakfast nook, stainless steel refrigerator, pantry, plenty of cabinets & counter space & breakfast bar that overlooks a very spacious main living room with wood burning fireplace. Owner's Suite features a large walk-in closet & ensuite with dual sinks & oversized glass enclosed seated shower. Solar panels are a HUGE bonus and have been paid off and will convey with property! Other upgrades include Lennox thermostat, newer HVAC & AC unit (2019) & newer water heater (2020) Large backyard is perfect for relaxing & entertaining. Community includes playground, pond, trails, swimming pools & more! Great location close to schools, shopping & dining! BUYER WILL HAVE FREE SOLAR PANELS!!!

Investor Tools

$284,669

Estimated Property Value

$274,045Estimated Mortgage Balance

$10,624Estimated Equity

3% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,799 /month

Positive

Cash Flow Estimate:

$600 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$675/month

$495/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,672

$284,669

2025

$70,000

$214,669

$284,669

Tax History

Year

Tax Paid

Assessed Value

2024

$6,672

$284,669

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Town Square Mortgage & Investments Inc

Conventional

$291,000

First

Mar 2, 2023

Apr 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$274,045

$10,624

96%

$1,745/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,560/mo

$2,240/mo

+$320/mo

10.8%

Learn About the Market: Opportunity in Texas

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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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