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$259,900

1020 Rio Bravo Dr, Forney, TX, 75126

$260,234 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,590 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.46 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave, Tankless Water Heater, Water Softener
FlooringCarpet, Vinyl

Exterior

Lot Size6,238 sqft

Building Information

Year Built2023
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3818.0001.0010.00.02.00
Lot Number10
SubdivisionTravis Ranch Governors Lots No 1
Land UseResidential
Legal DescriptionTRAVIS RANCH GOVERNORS LOTS NO 1, BLOCK A, LOT 10
Census Tract050208
Assessed Land Value$75,000
Assessed Improvement Value$223,915
Assessment Year2025

About this property

Welcome to this beautifully maintained 3 bedroom, 2 bathroom home located in the sought after Governors Lot Addition of Travis Ranch. Built in 2023, this move in ready home offers 1,586 square feet of thoughtfully designed living space with a desirable split bedroom floorplan that provides both comfort and privacy. Step inside to find luxury vinyl plank flooring flowing throughout the main living areas, creating a warm and modern feel, while carpet in the bedrooms adds comfort underfoot. The open concept kitchen and living space is perfect for everyday living and entertaining, featuring gas appliances including a tankless water heater, ample cabinetry, and a functional layout designed to fit today’s lifestyle. The private primary suite offers a relaxing retreat separate from the secondary bedrooms, while the additional bedrooms provide flexibility for guests, family, or a home office. Outside, enjoy the oversized backyard complete with a wood privacy fence, offering plenty of space for pets, play, or outdoor gatherings. An 8x12 storage shed will convey with the property, providing additional storage for tools, lawn equipment, or hobbies. Competitively priced and exceptionally well maintained, this nearly new home is ready for its next owner to move right in and enjoy. Conveniently located near schools, shopping, dining, and community amenities, this home combines value, comfort, and convenience in one attractive package. Extremely easy access to US HWY 80 and the COSTCO that is now open within 2 miles of this neighborhood! Talk about convenience! FULL HOME WATER FILTRATION SYSTEM WATER SOFTENER WILL CONVEY 8 x 12 STORAGE SHED WILL CONVEY

Investor Tools

Property Icon
$298,915
Estimated Property Value
$222,490Estimated Mortgage Balance
$87,231Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$260,233
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,793 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$451/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,914
$298,915
2025
$75,000
$223,915
$298,915
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,914
$298,915

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Conventional
$222,490
No
First
Oct 30, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,684
$87,231
29%
71%
$1,334/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: Forney

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1020 Rio Bravo Dr | Property Details | No Agent List