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$220,845

NAL Estimated Property Value

407 Bowie Street, Forney, TX, 75126

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,121 Sq Ft
price_per_sqft$169.4 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

BankruptcyOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop, Refrigerator
FlooringCeramic Tile, Wood

Exterior

Lot Size10,498 sqft

Building Information

Year Built1959
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.2950.0004.0012.00.02.02
Lot Number12
SubdivisionPinson
Land UseResidential
Legal DescriptionPINSON BLOCK D LOT 12
Census Tract050208
Assessed Land Value$64,350
Assessed Improvement Value$156,495
Assessment Year2025

About this property

WELL MAINTAINED brick home in Forney with easy access to highway and shopping. Large quarter acre corner lot with fenced backyard in established neighborhood. Great entertaining space out back with nice St. Augustine manicured grass and huge pecan trees. Drive in double gate gives easy access to backyard with plenty of room to add a shop or pool! 3 bedrooms, 2 car garage with separate doors. Inside you'll find beautiful vintage hardwood floors, ceiling fans throughout and tile in the bathrooms. The HVAC, hot water heater and garage doors were replaced in 2005 per previous owner.

Investor Tools

Property Icon
$220,845
Estimated Property Value
$159,638Estimated Mortgage Balance
$61,207Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,325 /month
Positive
Cash Flow Estimate:
$442 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$501/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,904
$220,845
2025
$64,350
$156,495
$220,845
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,904
$220,845

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$179,685
Yes
First
Aug 20, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,638
$61,207
27%
72%
$1,078/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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