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$375,000

NAL Estimated Property Value

466 S. Forest Lake Dr., Longview, TX, 75605

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,725 Sq Ft
price_per_sqft$217.39 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Water Heater

Exterior

Lot Size15,716 sqft

Building Information

Year Built2022
Roof Type109
Garage Spaces2

Land Information

APN2485020005-017-00-02
Lot Number17
SubdivisionForest Lake
Land UseResidential
Legal DescriptionLT 17 BLK 5 FOREST LAKE #2
Census Tract010100
Assessed Land Value$46,350
Assessed Improvement Value$277,560
Assessment Year2025

About this property

Looking for a newer home close to town but outside the city limits? This on checks all the boxes. This custom built 3-bedroom, 2-bath home, completed in 2023, offers the perfect blend of comfort, and outdoor living. Inside, you'll find a dedicated enclosed office, spacious bedrooms, and a large primary suite with an oversized walk-in closet. Step outside to your back porch overlooking a peaceful pond, where you can enjoy quiet mornings or evenings and even fish right from your own backyard. In addition to the private pond, residents have access to a larger stocked pond, perfect for fishing or relaxing on the water. The lake allows boats with trolling motors, making it a great spot for weekend recreation. As an added bonus, the Forest Lake subdivision also offers a community pool & pickleball court available to members. Call today for your private tour!

Investor Tools

Property Icon
$375,000
Estimated Property Value
$135,161Estimated Mortgage Balance
$239,839Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$521/month
$325/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,371
$323,910
2025
$46,350
$277,560
$323,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,371
$323,910

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The City National Bank Of San Saba
Commercial
$143,275
No
First
Apr 14, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$135,161
$239,839
63%
36%
$860/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,490/mo
$1,185/mo
+$305/mo
4.8%

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: Longview

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466 S. Forest Lake Dr. | Property Details | No Agent List