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$306,776

508 Colt Dr, Forney, TX, 75126

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,210 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$142.53 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size5,824 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces2

Land Information

APN00.2625.0004.0028.00.02.02
Lot Number28
SubdivisionMustang Creek Ph 1a
Land UseResidential
Legal DescriptionMUSTANG CREEK PH 1A BLOCK D LOT 28
Census Tract050209
Assessed Land Value$72,500
Assessed Improvement Value$234,276
Assessment Year2025

About this property

Great opportunity to own a spacious home in Forney ISD. Desirable floor plan with the primary bedroom located on the first floor, three bedrooms located on the second floor, one of the bedrooms on the second floor features a en suite bath! Game room or second living room located on the second floor. Kitchen offers gas appliances, window sink, and plenty of countertop space. Primary bathroom contains a double vanity, tub, and walk in shower. A cozy brick fireplace can be found in the living room. This home has a ton of potential and at a great price! Schedule your showing today!

Investor Tools

Property Icon
$306,776
Estimated Property Value
$315,000Estimated Mortgage Balance
$8,595Estimated Equity
-3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$508/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,557
$306,776
2025
$72,500
$234,276
$306,776
No

Tax History

Year
Tax Paid
Assessed Value
2023
$4,557
$306,776

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Va
$315,000
Yes
First
Jun 16, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$298,181
$8,595
2%
97%
$1,889/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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508 Colt Dr | Property Details | No Agent List