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$306,533

406 E Shands Street, Forney, TX, 75126

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,687 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.21 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Off-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size17,999 sqft

Building Information

Year Built1958
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.2370.0028.0006.00.02.02
Lot Number6
SubdivisionMc Keller 2
Land UseResidential
Legal DescriptionMC KELLER #2 BLOCK 28 LOT 6 PT, 7 & 8
Census Tract050215
Assessed Land Value$108,000
Assessed Improvement Value$198,533
Assessment Year2025

About this property

Location,Location,Location!!! Your Home; surrounded by stately Pecan trees and in desirable Forney ISD. Welcome to the large Family room which flows into the second Living and Kitchen areas, just right for entertaining! The kitchen has many cabinets, nice appliances & overlooks the Family room. Four nice sized Bedrooms are a fit for your family. Enjoy a sip of tea on your patio while watching the birds in your nice-sized backyard. Roomy two car garage with lots of storage. There are two additional sheds that provide multiple use to your needs. Come see it soon, as this beauty won’t last long!

Investor Tools

Property Icon
$306,533
Estimated Property Value
$0Estimated Mortgage Balance
$306,533Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,839 /month
Positive
Cash Flow Estimate:
$613 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$632/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,056
$306,533
2025
$108,000
$198,533
$306,533
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,056
$306,533

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$306,533
100%
0%
$0/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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406 E Shands Street | Property Details | No Agent List