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$350,000

1613 Frankford Dr, Forney, TX, 75126

$384,582 ARVInfo
On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,487 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$140.73 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Must-SellAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size7,200 sqft

Building Information

Year Built2020
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00.1211.0013.0003.00.02.02
Lot Number3
SubdivisionGateway Parks Add Ph 2a & 2b
Land UseResidential
Legal DescriptionGATEWAY PARKS ADD PH 2A & 2B, BLOCK M, LOT 3; & HOUSE & HOUSE
Census Tract050213
Assessed Land Value$100,000
Assessed Improvement Value$273,672
Assessment Year2025

About this property

Beautifully appointed and spacious 2-story Gehan Home offering 5 bedrooms, 3 full baths, a 2-car garage, and an inviting open-concept floor plan designed for both everyday living and entertaining. The impressive entry welcomes you with soaring ceilings that continue into the light-filled living room, highlighted by a cozy gas fireplace. The gourmet kitchen features a generous island with a breakfast bar, abundant cabinetry, recessed lighting, and stainless-steel appliances, flowing seamlessly into the dining and family living areas. The first-floor primary suite provides a private retreat with a luxurious ensuite bath featuring a soaking tub, dual vanities, walk-in shower, private water closet, and oversized walk-in closet. A versatile converted game room currently serves as the 5th bedroom and offers flexibility for guests, a home office, media room, or play space. Step outside to an oversized lot with a spacious fenced backyard and covered patio, creating the perfect setting for outdoor gatherings, play, and relaxation. Enjoy a vibrant community lifestyle with two pools, splash pad, playground, numerous community events throughout the year, and full-time pool monitors on site every summer for added peace of mind.

Investor Tools

$282,440Estimated Mortgage Balance
$92,904Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$384,581
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,242 /month
Positive
Cash Flow Estimate:
$747 /month

Interested in this property?

Yara Jabr

Mark Spain Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$721/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,783
$373,672
2025
$100,000
$273,672
$373,672
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,783
$373,672

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Brookhollow Mortgage Services Ltd
Conventional
$313,490
No
First
Mar 10, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$282,440
$91,232
24%
76%
$1,880/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1613 Frankford Dr | Property Details | No Agent List