$352,000
NAL Estimated Property Value1027 Johnson City Ave, Forney, TX, 75126
Off Market
Property Lead Type:
BankruptcyOff-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher, Electric Range, Microwave
Exterior
Lot Size5,502 sqft
Building Information
Year Built2006
Stories2
Roof Type105
Garage Spaces2
Land Information
APN00.3835.0006.0007.00.02.00
Lot Number7
SubdivisionTravis Ranch Ph 3a
Land UseResidential
Legal DescriptionTRAVIS RANCH PH 3A, BLOCK F, LOT 7
Census Tract050207
Assessed Land Value$75,000
Assessed Improvement Value$277,000
Assessment Year2025
About this property
Spacious 4 Bedroom, 2.5 Bath with Game room & media room upstairs. Open floor plan with large living areas. Kitchen with center island, breakfast bar and nook and walk in pantry. Beautiful master bedroom with two walk in closets. Master bath includes double sinks, tub and separate shower. All carpet replaced in 2020, vinyl plank in office & formal dining.
Investor Tools
$352,000
Estimated Property Value
$185,682Estimated Mortgage Balance
$166,318Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,112 /month
Positive
Cash Flow Estimate:
$704 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$688/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,497
$352,000
2025
$75,000
$277,000
$352,000
No
Tax History
Year
Tax Paid
Assessed Value
2024
$6,497
$352,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$209,000
No
First
Aug 20, 2020
Aug 2040
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,682
$166,318
47%
53%
$1,254/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$1,254/mo
+$2,086/mo
11.4%
