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$279,970

NAL Estimated Property Value

2228 Torch Lake Dr, Forney, TX, 75126

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,831 Sq Ft
price_per_sqft$157.84 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size5,663 sqft

Building Information

Year Built2016
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3838.0001.0015.00.02.00
Lot Number15
SubdivisionTravis Ranch Ph 2b1
Land UseResidential
Legal DescriptionTRAVIS RANCH PH 2B1, BLOCK AA, LOT 15
Census Tract050207
Assessed Land Value$75,000
Assessed Improvement Value$204,970
Assessment Year2025

About this property

Welcome to your dream home! This spacious and inviting residence features a large kitchen perfect for culinary enthusiasts, seamlessly connecting to a separate dining area ideal for gatherings and entertaining. The expansive living spaces are designed for comfort and enjoyment, adorned with durable laminate and elegant ceramic tile flooring. With four generously sized bedrooms, each boasting lush carpeting, you'll find ample space for relaxation and privacy. The home is equipped with a full house water filtration system, ensuring clean and safe water throughout. Located in a family-friendly neighborhood with an elementary school just a short walk away, this home offers convenience and a sense of community. Don’t miss the opportunity to make this exceptional property your own!

Investor Tools

Property Icon
$279,970
Estimated Property Value
$266,327Estimated Mortgage Balance
$13,643Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,734 /month
Positive
Cash Flow Estimate:
$578 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$442/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,908
$279,970
2025
$75,000
$204,970
$279,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,908
$279,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Fha
$274,928
Yes
First
Aug 28, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$266,327
$13,643
4%
95%
$1,649/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$2,009/mo
+$551/mo
11.0%

City: Forney

2228 Torch Lake Dr | Property Details | No Agent List