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$225,742

NAL Estimated Property Value

502 E Buffalo St, Forney, TX, 75126

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,400 Sq Ft
price_per_sqft$164.21 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating GasHeating Gas
AppliancesDishwasher, Disposal, Electric Range, Microwave

Exterior

Lot Size8,124 sqft

Building Information

Year Built1950
Stories1
Roof Type105

Land Information

APN00.1110.0017.0002.00.02.02
Lot Number2A
SubdivisionForney Revised
Land UseResidential
Legal DescriptionFORNEY ORIGINAL BLOCK 17 LOT 2A
Census Tract050214
Assessed Land Value$80,000
Assessed Improvement Value$145,742
Assessment Year2025

About this property

Beautiful newly renovated home in the heart of growing Forney, Texas! Inside you'll find a spacious split bedroom floorplan complete with recessed lighting and a lovely kitchen featuring quartz counters, Shaker style soft closing cabinetry & new stainless-steel appliances. Bonus flex space can be used as an office or dining room, full size laundry area. Enjoy a master retreat boasting an ensuite bath and walk in closet. Plenty of recent updates which include new paint inside and out, new luxury waterproof flooring and carpet throughout, new baseboards and trim, classic quartz counters & undermount sinks, fresh tile work in bathrooms, new exterior siding and new ductwork & HVAC System (2024) along with a New Roof (2024) and too many more upgrades to list! No HOA, large backyard and Move in ready, come tour this one today!

Investor Tools

Property Icon
$225,742
Estimated Property Value
$219,176Estimated Mortgage Balance
$6,566Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,379 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$362/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,210
$225,742
2025
$80,000
$145,742
$225,742
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,210
$225,742

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$226,980
No
First
Jun 20, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$219,176
$6,566
2%
97%
$1,361/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.

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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: Forney

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502 E Buffalo St | Property Details | No Agent List