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$290,000

154 Wandering Dr, Forney, TX, 75126

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,672 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.44 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size5,719 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.2627.0015.0019.00.02.02
Lot Number19
SubdivisionMustang Creek Ph 2
Land UseResidential
Legal DescriptionMUSTANG CREEK PHASE 2 BLOCK O LOT 19
Census Tract050209
Assessed Land Value$72,500
Assessed Improvement Value$185,500
Assessment Year2025

About this property

Great opportunity for investors or first time home buyers!! SPACIOUS 3BR 2BA HOME IN FORNEY. TX! The kitchen hosts granite counters, a breakfast bar, and a pantry. Step into the living room adorned with a decorative wood-burning fireplace, setting the scene for cozy gatherings. The dining room is the perfect space for shared meals and entertaining. The primary suite is a retreat of its own, featuring a spacious walk-in closet and an ensuite bathroom boasting dual sinks, granite counters, and extra storage shelving. Two additional bedrooms with walk-in closets share a full bath, complete with granite counters, a medicine cabinet, and a shower with body sprays. Outside, the private backyard includes an 8x8 storage shed offering additional storage space. Located within the esteemed Forney ISD, this property not only offers a comfortable living space but also ensures access to quality education. Tenant occupancy until March 2024. DON'T MISS THIS OPPORTUNITY!

Investor Tools

Property Icon
$258,000
Estimated Property Value
$130,000Estimated Mortgage Balance
$140,190Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$587/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,749
$258,000
2025
$72,500
$185,500
$258,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,749
$258,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Integrity Mortgage Corporation Of Texas
Conventional
$130,000
No
First
Jun 14, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,810
$140,190
54%
46%
$780/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.

Explore Texas Explore This Area
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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