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$410,000

1701 Pegasus Drive, Forney, TX, 75126

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,817 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.54 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size7,989 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces1

Land Information

APN00.1212.0051.0004.00.02.02
Lot Number4
SubdivisionGateway Parks Add Ph 3
Land UseResidential
Legal DescriptionGATEWAY PARKS ADD PH 3, BLOCK YY, LOT 4
Census Tract050213
Assessed Land Value$100,000
Assessed Improvement Value$300,548
Assessment Year2025

About this property

Offering the perfect blend of modern comfort, functionality, and style. Situated in a desirable community with easy access to major highways, shopping, dining, and schools, this property checks all the boxes. Inside, you will find a spacious open-concept layout ideal for everyday living and entertaining. The light-filled living area flows seamlessly into the kitchen, featuring ample cabinet and counter space, perfect for gatherings. The primary suite offers a private retreat with an en-suite bathroom and walk in closet, while the secondary bedrooms provide plenty of flexibility Including an office space for those who work from home. Enjoy outdoor living with a private backyard, perfect for relaxing, play, or future customization. Additional highlights include energy efficient features, modern finishes, and thoughtful design throughout. Located just minutes from US-80, schools, parks, and local amenities, this home delivers both convenience and lifestyle. Whether you're a first-time home buyer, growing household, or investor, this is an exceptional opportunity in one of Forney's fastest growing areas. Don't miss your chance to own a move-in ready home in a prime location.

Investor Tools

$381,658Estimated Mortgage Balance
$24,342Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

Interested in this property?

Chainey Ramirez

Bradford Elite Real Estate LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$820/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,807
$400,548
2025
$100,000
$300,548
$400,548
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,807
$400,548

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Midfirst Bank
Conventional
$407,400
No
First
Jan 23, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$381,658
$24,342
5%
94%
$2,443/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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