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$262,000

NAL Estimated Property Value

416 Southlake Drive, Forney, TX, 75126

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,708 Sq Ft
price_per_sqft$125.88 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

BankruptcyOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Microwave
FlooringCarpet, Laminate

Exterior

Lot Size7,893 sqft

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00.3390.0002.0006.00.02.02
Lot Number6
SubdivisionSouth Lake 1
Land UseResidential
Legal DescriptionSOUTH LAKE EST #1 BLOCK B LOT 6
Census Tract050208
Assessed Land Value$58,500
Assessed Improvement Value$201,706
Assessment Year2025

About this property

In the past year we have learned how valuable it is to extra rooms are for families working and schooling from home. A rare find in this neighborhood, if you need 4 bedrooms this is the home for you. Large yard and two living areas makes for easy living. Great location in a rapidly expanding area.

Investor Tools

Property Icon
$262,000
Estimated Property Value
$208,074Estimated Mortgage Balance
$53,926Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,572 /month
Positive
Cash Flow Estimate:
$524 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$523/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,965
$260,206
2025
$58,500
$201,706
$260,206
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,965
$260,206

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$218,250
No
First
Jul 7, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$208,074
$53,926
20%
79%
$1,375/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,375/mo
+$1,185/mo
11.7%

City: Forney

416 Southlake Drive | Property Details | No Agent List