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$443,000

16055 Prairie Meadow Lane, Forney, TX, 75126

$491,034 ARVInfo
PendingInfo
Beds4 Beds
Baths2 Bath
Baths2,425 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.68 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size1.46 acres

Building Information

Year Built2005
Stories2
Roof Type105
Garage Spaces1

Land Information

APN00.1486.0000.0046.00.02.00
Lot Number46
SubdivisionHighland Prairie 3
Land UseResidential
Legal DescriptionHIGHLAND PRAIRIE 3, LOT 46; & HOUSE & HOUSE
Census Tract050213
Assessed Land Value$97,500
Assessed Improvement Value$251,060
Assessment Year2025

About this property

SELLER OFFERING CONCESSIONS!! Welcome to this beautifully maintained 4-bedroom, 2-bath home offering 2,425 sqft of living space on a spacious 1.46-acre lot. This property features a huge yard with upgraded landscaping, perfect for enjoying outdoor living and entertaining under the covered patio. Inside, you’ll find a functional, versatile layout with 2 living areas and 2 dining spaces, providing plenty of room for everyday living and hosting guests. The home has been freshly painted and features numerous major upgrades, including energy-efficient Anderson windows (an investment of over $60,000), a roof that is only 3 years old, and a 2-year-old AC unit and water heater—giving buyers peace of mind for years to come. Located in a desirable community just minutes from the highway, this home offers convenient access to shopping, dining, and the many new businesses and restaurants coming to Forney. Don’t miss the opportunity to own a move-in-ready home with space, upgrades, and an unbeatable location!

Investor Tools

$0Estimated Mortgage Balance
$446,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$491,033
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,676 /month
Positive
Cash Flow Estimate:
$892 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$488/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,629
$348,560
2025
$97,500
$251,060
$348,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,629
$348,560

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$446,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$50/mo
+$2,510/mo
6.9%

City: Forney

16055 Prairie Meadow Lane | Property Details | No Agent List