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$607,343

NAL Estimated Property Value

509 Forrest Lane, Joshua, TX, 76058

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,444 Sq Ft
price_per_sqft$112.52 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Double Oven, Electric Range, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size2 acres

Building Information

Year Built1983

Land Information

APN126.0175.00431
Land UseResidential
Legal DescriptionABST 175 TR 21A C CHANEY
Census Tract130211
Assessed Land Value$170,000
Assessed Improvement Value$437,343
Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED. BEST AND FINAL DEADLINE MONDAY AT 5 PM! Large open floor plan! Huge den with electric fireplace. Perfect for a movie room, play room, man cave, craft room or many other options. Large kitchen and dining room with a bonus sun room. Master has new updated bathroom and all closets have built in shelves. New updated secondary bathroom, new flooring, new tile, new paint and more. This home sits on 2 acres with beautiful pine trees, live oaks and red oaks. If peace and quiet is what your looking for, this is it!!! Still close enough to shopping, stores & restaurants. Some work still being completed in pictures has been finished. Nothing rehung on walls due to fresh paint.

Investor Tools

Property Icon
$607,343
Estimated Property Value
$239,279Estimated Mortgage Balance
$368,064Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,644 /month
Positive
Cash Flow Estimate:
$1,215 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,024/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,255
$607,343
2025
$170,000
$437,343
$607,343
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,255
$607,343

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lhm Financial Corp
Fha
$264,550
Yes
First
May 17, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$239,279
$368,064
60%
39%
$1,587/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,385/mo
$1,587/mo
+$798/mo
4.7%

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: Joshua

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509 Forrest Lane | Property Details | No Agent List