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Days108Days on Market
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$235,000

421 Corsair Way, Ferris, TX, 75125

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,342 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.11 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Water Heater, Gas Range
FlooringCarpet, Tile

Exterior

Lot Size3,311 sqft

Building Information

Year Built2023
Stories1
Roof Type105

Land Information

APN29.3700.904.010.00.106
Lot Number10
SubdivisionFerris Springs
Land UseResidential
Legal DescriptionLOT 10 BLK D FERRIS SPRINGS .076 AC
Census Tract060104
Assessed Land Value$55,000
Assessed Improvement Value$171,361
Assessment Year2025

About this property

Discover this 2023-built single-story home located in the Ferris Springs community. This 3-bedroom, 2-bathroom residence features a functional open-concept layout that connects the living area, dining space, and kitchen. The primary suite is situated at the rear of the home for added privacy. Enjoy close proximity to local schools, dining, and entertainment options. As the original model home, this property features the most square footage in the subdivision and is packed with exclusive upgrades throughout.

Investor Tools

Property Icon
$233,000
Estimated Property Value
$198,158Estimated Mortgage Balance
$40,736Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

Interested in this property?

Araceli Mercado

CENTURY 21 Judge Fite Co.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$436/month
$552/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,066
$226,361
2025
$55,000
$171,361
$226,361
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,066
$226,361

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$198,158
Yes
First
Oct 30, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,568
$40,432
17%
83%
$1,189/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,572/mo
$1,741/mo
+$831/mo
13.2%

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.

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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: Ferris

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421 Corsair Way | Property Details | No Agent List