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$324,990

511 Mimosa Trl, Forney, TX, 75126

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,208 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.19 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting, Storage
Lot Size8,215 sqft

Building Information

Year Built2011
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3857.0011.0006.00.02.02
Lot Number6
SubdivisionTrails Of Chestnut Meadow Ph 4
Land UseResidential
Legal DescriptionTRAILS OF CHESTNUT MEADOW PH 4, BLOCK K, LOT 6
Census Tract050215
Assessed Land Value$90,000
Assessed Improvement Value$269,356
Assessment Year2025

About this property

Charming 4,2 home in the heart of Forney! This beautifully maintained home features an open floor plan with split bedrooms, hardwood floors in the family room, a cozy fireplace, and new plush carpet in the bedrooms. The kitchen offers granite countertops, ample workspace, and is perfect for everyday living or entertaining. Enjoy outdoor living on the covered patio and pergola, a fully fenced backyard, sprinkler system, rain gutters, and a storage building. Additional features include; ceiling fans throughout, and a Green Star energy rating for added efficiency & full size laundry room. Move-in ready and conveniently located near shopping, dining, and schools—this home offers comfort, style, and value in one of Forney's most desirable communities.

Investor Tools

$0Estimated Mortgage Balance
$359,356Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,156 /month
Positive
Cash Flow Estimate:
$719 /month

Interested in this property?

Jeannette Pritchard

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$424/month
$549/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,292
$359,356
2025
$90,000
$269,356
$359,356
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,292
$359,356

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$359,356
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$549/mo
+$2,011/mo
8.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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511 Mimosa Trl | Property Details | No Agent List