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$430,000

1901 Forestwood Drive, Richardson, TX, 75081

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,165 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.61 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Private Yard
Lot Size9,150 sqft

Building Information

Year Built1978
Stories2
Roof Type105
Garage Spaces2

Land Information

APN42008500240260000
Lot Number26
SubdivisionArapaho East 2nd
Land UseResidential
Legal DescriptionARAPAHO EAST 4 2ND INST BLK 24 LT 26 INT202400241431 DD11212024 CO-DC 0085002402600 3CR00850024
Census Tract019037
Assessed Land Value$81,000
Assessed Improvement Value$322,410
Assessment Year2025

About this property

Oversized lot, pool, and a location that's hard to beat. This one doesn't come up often in Richardson. Situated directly across from Yale Elementary on a quarter-acre lot, this 4-bedroom, 2-bath home has the backyard most families spend years looking for. The pool, the space, and the rare ability to park an RV or boat. All in an established Richardson neighborhood. The split-level floorplan gives the home a unique feel with two separate living areas, offering flexibility whether you need space for kids, guests, or a home office. It lives larger than it looks. Inside, the big-ticket updates are already done: roof (2024), HVAC (2024), hot water heater (2023), windows (2020), and stainless appliances throughout. Currently operating as an Airbnb, so it's genuinely move-in ready, or keep it running as a short-term rental. Homes with this lot size and a pool in Richardson are hard to find. Come see what it has to offer.

Investor Tools

Property Icon
$408,000
Estimated Property Value
$0Estimated Mortgage Balance
$73,178Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,580 /month
Positive
Cash Flow Estimate:
$860 /month

Interested in this property?

Michele Playdon

EXP REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$532/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,342
$403,410
2025
$81,000
$322,410
$403,410
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,342
$403,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bay Valley Mortgage Group
Conventional
$344,000
No
First
Nov 15, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$334,822
$73,178
17%
82%
$2,063/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$2,063/mo
+$947/mo
8.9%

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: Richardson

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