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$275,060

1055 Norias Dr, Forney, TX, 75126

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,554 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.38 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Lot Size4,600 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3871.0002.0012.00.02.00
Lot Number12
SubdivisionTravis Ranch Ph 2d
Land UseResidential
Legal DescriptionTRAVIS RANCH PH 2D, BLOCK B, LOT 12
Census Tract050207
Assessed Land Value$75,000
Assessed Improvement Value$200,060
Assessment Year2025

About this property

Beautiful home For Lease in Forney!! Exquisite residence boasting 3 spacious bedrooms, 2 elegant bathrooms, and a generously-sized 2 car garage. Nestled within the coveted Travis Ranch Community, this home is a delightful haven designed to cater to your every need. Immerse yourself in the art of entertainment as the open concept kitchen that includes stainless-steel appliances and quartz countertops, seamlessly flows into the inviting dining and family areas. Unwind in style as the main suite gracefully separates itself from the secondary bedrooms, ensuring privacy and tranquility for all, and includes a gorgeous ensuite! Prepare to be enchanted by this captivating single-story abode - an absolute must-see for those seeking charm and sophistication. Schedule an appointment today!

Investor Tools

Property Icon
$275,060
Estimated Property Value
$119,999Estimated Mortgage Balance
$157,354Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$548/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,201
$275,060
2025
$75,000
$200,060
$275,060
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,201
$275,060

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Link
Conventional
$119,999
No
First
Apr 29, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,706
$157,354
57%
43%
$720/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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1055 Norias Dr | Property Details | No Agent List