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$264,900

514 Forestwood Dr, Forney, TX, 75126

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,416 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.08 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Vented Exhaust Fan
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size7,200 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3400.0010.0008.00.02.02
Lot Number8
SubdivisionSouth Lake 2
Land UseResidential
Legal DescriptionSOUTH LAKE EST #2 BLOCK J LOT 8
Census Tract050208
Assessed Land Value$58,500
Assessed Improvement Value$184,530
Assessment Year2025

About this property

Completely renovated and move-in ready, this stunning 4-bedroom, 2-bathroom home is a masterpiece of modern design and functionality. Located in Forney ISD, a top-rated school district with easy access to major highways and a short commute to Dallas, this home offers the perfect combination of convenience and comfort. Step inside to discover all-new vinyl flooring throughout the entire home. The brand-new kitchen is a showstopper, featuring updated cabinets, granite countertops, and brand new stainless steel appliances. Open to the kitchen, the spacious living room boasts a cozy wood-burning fireplace, creating a warm and inviting space for gatherings or quiet nights in. The home’s layout includes a versatile fourth bedroom that can serve as an office or flex space, while the large primary suite offers a private retreat with a fully updated bathroom and a generous walk-in closet. Both bathrooms have been thoughtfully updated with modern fixtures and finishes, ensuring a spa-like experience. This home is packed with upgrades, including a new AC unit, energy-efficient windows, a new hot water heater, and updated plumbing and electrical. Outside, the private backyard features an updated fence and a covered porch, perfect for entertaining or unwinding in peace. Nestled in a quiet and friendly neighborhood, this beautifully renovated home is a must-see.

Investor Tools

Property Icon
$243,030
Estimated Property Value
$251,500Estimated Mortgage Balance
$0Estimated Equity
-3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,589 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$570/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,626
$243,030
2025
$58,500
$184,530
$243,030
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,626
$243,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Integrity Mortgage Corporation Of Texas
Conventional
$251,500
No
First
Feb 25, 2025
Mar 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,936
N/A
0%
101%
$1,508/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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514 Forestwood Dr | Property Details | No Agent List