$370,000
NAL Estimated Property Value1257 Meridian Dr, Forney, TX, 75126
Off Market
Property Lead Type:
Off-Market ListAbsentee Owner
Highlights
Interior
AppliancesDishwasher, Gas Cooktop, Gas Oven, Refrigerator
Exterior
Lot Size7,501 sqft
Building Information
Year Built2017
Stories1
Roof Type105
Garage Spaces1
Land Information
APN00.1208.0004.0011.00.02.02
Lot Number11
SubdivisionGateway Parks Add Ph 1a
Land UseResidential
Legal DescriptionGATEWAY PARKS ADD PH 1A, BLOCK D, LOT 11
Census Tract050213
Assessed Land Value$100,000
Assessed Improvement Value$270,000
Assessment Year2025
About this property
This move-in-ready home features fresh flooring, bright white cabinetry, and new paint that gives every room a fresh, modern feel. Updated cabinetry throughout adds both charm and function, while the open layout is perfect for everyday living or entertaining. Conveniently located near schools, shopping, and major highways. The subdivision features its own pool and fittness center waiting for you to enjoy. The area has many exciting developments on the way including H.E.B, Target, and Home Depot—this one is ready to impress!
Investor Tools
$370,000
Estimated Property Value
$265,649Estimated Mortgage Balance
$104,351Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$844/month
$900/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,273
$370,000
2025
$100,000
$270,000
$370,000
No
Tax History
Year
Tax Paid
Assessed Value
2024
$8,273
$370,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wintex Group Llc
Conventional
$270,000
No
First
Jun 30, 2025
Jul 2055
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$265,649
$104,351
28%
72%
$1,619/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$2,519/mo
+$41/mo
8.3%
