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$195,000

508 Pinyon Pl, Forney, TX, 75126

$229,223 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,711 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.97 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave

Exterior

Lot Size11,382 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.1461.0004.0010.00.02.02
Lot Number10
SubdivisionHeritage Hill 3
Land UseResidential
Legal DescriptionHERITAGE HILL 3, BLOCK D, LOT 10; & HOUSE & HOUSE
Census Tract050208
Assessed Land Value$62,500
Assessed Improvement Value$215,761
Assessment Year2025

About this property

Bring your vision to life with this 3 bedroom, 2 bathroom home offering 1,711 square feet on a generously sized lot in a well established Forney neighborhood. Nestled among beautiful mature trees, this property offers great bones, plenty of outdoor space, and endless potential for investors, flippers, or buyers looking to customize a home to their own style. The sellers are offering a $5,000 concession toward the buyer's renovations, providing a great head start on making this home your own. Conveniently located near schools, shopping, dining, and major highways, this is a fantastic opportunity to invest in a desirable location and create something truly special. Home is being sold as is.

Investor Tools

$131,451Estimated Mortgage Balance
$146,810Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$229,222
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,670 /month
Positive
Cash Flow Estimate:
$557 /month

Interested in this property?

Hillary Ohiri

Mark Spain Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$458/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,099
$278,261
2025
$62,500
$215,761
$278,261
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,099
$278,261

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$128,571
No
First
Mar 7, 2014
Apr 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$131,451
$146,810
52%
47%
$1,018/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 Pinyon Pl | Property Details | No Agent List