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$314,010

NAL Estimated Property Value

2005 Bishop Drive, Forney, TX, 75126

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,797 Sq Ft
price_per_sqft$119.59 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size8,494 sqft

Building Information

Year Built2006
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.0914.0017.0014.00.02.02
Lot Number14
SubdivisionDiamond Creek Ph 2
Land UseResidential
Legal DescriptionDIAMOND CREEK PH 2, BLOCK Q, LOT 14
Census Tract050209
Assessed Land Value$85,000
Assessed Improvement Value$231,236
Assessment Year2025

About this property

Well maintained 3 bedroom 2 bathroom home PLUS study perfect for home office or workout room! SPLIT bedrooms! Great room includes formal dining & living room dressed with fireplace. Open kitchen with gas appliances, island & bay window at eat-in dining. Wood floor entry! Master suite with vaulted ceilings, separate shower, dual vanities and garden tub with a large walk-in closet! Over-sized backyard with stone accented retaining wall great for entertainment. Ample play space for friends & family!

Investor Tools

Property Icon
$314,010
Estimated Property Value
$186,401Estimated Mortgage Balance
$127,609Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,884 /month
Positive
Cash Flow Estimate:
$628 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$525/month
$295/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,729
$314,010
2025
$85,000
$231,236
$316,236
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,729
$314,010

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Academy Mortgage Corp
Fha
$211,105
Yes
First
May 20, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,401
$127,609
40%
59%
$1,266/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,561/mo
+$999/mo
9.8%

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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