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$235,000

2821 Journey Ln, Forney, TX, 75126

$259,421 ARVInfo
Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,577 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.02 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Must-SellAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Warming Drawer
FlooringCarpet, Ceramic Tile

Exterior

Lot Size5,663 sqft

Building Information

Year Built2020
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00.1481.0031.0011.00.01.00
Lot Number11
SubdivisionHeartland Ph 12b
Land UseResidential
Legal DescriptionHEARTLAND PH 12B, BLOCK 31, LOT 11
Census Tract050211
Assessed Land Value$75,000
Assessed Improvement Value$207,809
Assessment Year2025

About this property

THIS HOME IS CURRENTLY IN SHORT SALE AND WILL REMAIN IN PENDING STATUS UNTIL CLOSED. This captivating 2021 Craftsman-style home in the sought-after Heartland community is back on the market. Boasting three bedrooms and two full baths, this residence offers ample space and comfort. Step inside and discover a bright and airy living area with beautiful, flowing floors. The heart of the home is an open-concept kitchen, featuring an oversized island perfect for entertaining, abundant cabinet storage, and a large pantry, all complemented by a chef-worthy gas stove. Located within the highly-regarded Crandall ISD, Heartland offers a lifestyle rich in amenities, including a waterpark, scenic trails, a fishing pond, and a state-of-the-art fitness center. Don't miss the chance to make this exceptional home yours!

Investor Tools

Property Icon
$282,809
Estimated Property Value
$211,105Estimated Mortgage Balance
$79,093Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$259,421
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,697 /month
Positive
Cash Flow Estimate:
$566 /month

Interested in this property?

Lisa Montes

Call It Closed Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$696/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,941
$282,809
2025
$75,000
$207,809
$282,809
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,941
$282,809

Mortgage Details

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

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,716
$79,093
27%
72%
$1,372/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,597/mo
+$963/mo
10.9%

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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2821 Journey Ln | Property Details | No Agent List