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$500,000

1649 Deerpath Dr, Forney, TX, 75126

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths2 Bath
Baths3,849 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.9 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesFire Pit
Lot Size11,252 sqft

Building Information

Year Built2021
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00.1209.0010.0001.00.02.02
Lot Number1
SubdivisionGateway Parks Add Ph 1b
Land UseResidential
Legal DescriptionGATEWAY PARKS ADD PH 1B, BLOCK J, LOT 1
Census Tract050213
Assessed Land Value$110,000
Assessed Improvement Value$357,000
Assessment Year2025

About this property

Instead of buying a home and spending years upgrading it, 1649 Deerpath already gives you the finished package, including a backyard that could easily cost $50,000+ to recreate. With 5 bedrooms, 4 baths, and 3,849 square feet, the home feels open from the moment you walk in. The main living space is bright and airy, with soaring ceilings, oversized windows, warm flooring, and a dramatic fireplace that gives the room presence without losing the comfortable feeling you want at home. The kitchen sits right in the middle of it all, with an oversized island made for quick breakfasts, homework, dinner with friends, or the inevitable gathering that always happens around the kitchen. The open layout keeps everyone connected, while the upstairs game room, media room, and additional bedrooms give everyone space to spread out. Then you step outside, and that is where this home really separates itself. The backyard feels more like your own private park than a typical suburban yard, complete with a half basketball court, pergola, covered patio, fire pit, trampoline, and still plenty of open lawn for pets, games, entertaining, or whatever comes next. Located in Gateway Parks, you also get access to resort-style community amenities, trails, green spaces, pools, and gathering areas, while convenient access to US-80 and I-20 keeps Forney connected to Downtown Dallas and the rest of DFW. Big enough to spread out, upgraded enough to enjoy from day one, and a backyard built for the years you’ll actually remember.

Investor Tools

$114,435Estimated Mortgage Balance
$369,565Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Lora Karacic

Monument Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$938/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,837
$467,000
2025
$110,000
$357,000
$467,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,837
$467,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Velocio Mortgage Llc
Conventional
$128,544
No
First
Dec 7, 2020
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$114,435
$369,565
76%
24%
$771/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$996/mo
+$1,564/mo
6.3%

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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1649 Deerpath Dr | Property Details | No Agent List