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$350,000

14048 Rainbow Dr, Forney, TX, 75126

$402,933 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,289 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.91 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave

Exterior

Lot Size1 acre

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces5

Land Information

APN00.0292.0000.0004.00.02.00
Lot Number4
SubdivisionBrookhollow Estates
Land UseResidential
Legal DescriptionBROOKHOLLOW ESTATES, LOT 4; & HOUSE & HOUSE
Census Tract050210
Assessed Land Value$120,000
Assessed Improvement Value$334,179
Assessment Year2025

About this property

Selling As-Is! This property offers a fantastic opportunity for buyers seeking space and flexibility! Situated just outside Forney city limits on approximately one acre with no HOA, this 4-bedroom, 3-bathroom home is ready for your personal touch. Spacious living area with a cozy wood-burning fireplace. Ceramic tile and laminate wood floors throughout – no carpet! Generous bedrooms with walk-in closets. Primary suite boasts dual walk-in closets, a garden tub, and a separate shower. Oversized utility room conveniently located off the kitchen. Garage conversion provides a large 4th bedroom with a full bathroom. Recent updates: HVAC (4 years old), brand-new outdoor unit (2024), and stainless steel dishwasher & oven (2024).

Investor Tools

Property Icon
$454,179
Estimated Property Value
$297,500Estimated Mortgage Balance
$162,364Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$402,933
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,725 /month
Positive
Cash Flow Estimate:
$908 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$685/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,949
$454,179
2025
$120,000
$334,179
$454,179
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,949
$454,179

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Pacific Mortgage Corp
Conventional
$297,500
No
First
Apr 10, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$292,261
$161,918
35%
64%
$1,784/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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14048 Rainbow Dr | Property Details | No Agent List