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$255,000

153 Redbud Drive, Forney, TX, 75126

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,624 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$97.18 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Gas Water Heater
FlooringCarpet, Laminate

Exterior

Lot Size7,231 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00.2625.0002.0008.00.02.02
Lot Number8
SubdivisionMustang Creek Ph 1a
Land UseResidential
Legal DescriptionMUSTANG CREEK PH 1A BLOCK B LOT 8
Census Tract050209
Assessed Land Value$72,500
Assessed Improvement Value$268,540
Assessment Year2025

About this property

Great value in Mustang Creek! This 4 bedroom home is perfect for a large family with lots of room for everyone. On the first floor, you will find the office with double doors, a formal dining area and a large kitchen with an abundance of cabinet and countertop space. The family room is open with a cozy corner fireplace and lots of natural light. The second floor offers a kids retreat or game room and spacious secondary bedrooms with walk in closets. includes a large backyard and a bonus third car garage. The entire upstairs carpet was replaced in Dec 2020.

Investor Tools

Property Icon
$341,040
Estimated Property Value
$0Estimated Mortgage Balance
$116,883Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,046 /month
Positive
Cash Flow Estimate:
$682 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$643/month
$120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,016
$341,040
2025
$72,500
$268,540
$341,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,016
$341,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$249,290
No
First
Feb 8, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,157
$116,883
34%
66%
$1,495/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,615/mo
+$945/mo
9.0%

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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153 Redbud Drive | Property Details | No Agent List