B+

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Owner Contacts

$425,000

11255 Prairie Lakes Lane, Forney, TX, 75126

Off Market

3 Beds

2 Bath

2,027 Sq Ft

Single Family Residence

$209.67 / sqft

Built in 2001

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave

FlooringCeramic Tile, Stone

Exterior

Exterior FeaturesRain Gutters, Storage

Lot Size1 acre

Building Information

Year Built2001

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00.1485.0000.0027.00.02.00

Lot Number27

SubdivisionHighland Prairie 2

Land UseResidential

Legal DescriptionHIGHLAND PRAIRIE 2, LOT 27; & HOUSE & HOUSE

Census Tract050213

Assessed Land Value$97,500

Assessed Improvement Value$296,895

Assessment Year2025

About this property

A TRUE TEXAS DREAM on one acre just 20 miles from downtown Dallas with your own SHOP @ THE BEST PRICE IN TOWN?? YES, it's true! Exceptionally well-maintained and improved, this immaculate ranch home offers city amenities with peaceful country living! The large 26x30 workshop with 220 and 110 electric and TWO doors PLUS 26x20 carport and 2 car attached garage with EV charging outlet means there is room for ALLLL of the toys, hobbies or a home-based business. Enjoy amazing Texas sunsets from the covered outdoor patio area and inside there is nothing to do but move in! BIG LIVING Room is open to the Kitchen and offers plenty of space for oversized furniture + lovely wood-burning fireplace with raised hearth! Owner's Suite is split on back of home for privacy! Updates include remodeled baths (2020); updated plank tile floors (no carpet!); exterior repainted 2020; HVAC replaced 2019, stainless appliances 2021; fence 2019; water heater 2023; septic aerator + pump. All of this in Forney ISD!

Investor Tools

$422,000

Estimated Property Value

$0Estimated Mortgage Balance

$78,534Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,550 /month

Positive

Cash Flow Estimate:

$850 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$720/month

$50/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,526

$394,395

2025

$97,500

$296,895

$394,395

Tax History

Year

Tax Paid

Assessed Value

2024

$6,526

$394,395

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Integrity Mortgage Corporation Of Texas

Conventional

$347,000

First

Oct 15, 2025

Nov 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$343,466

$78,534

18%

81%

$2,081/mo

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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