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$389,900

515 Mimosa Trl, Forney, TX, 75126

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,006 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$194.37 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range

Exterior

Private PoolPrivate Pool
Lot Size9,383 sqft

Building Information

Year Built2009
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3857.0011.0008.00.02.02
Lot Number8
SubdivisionTrails Of Chestnut Meadow Ph 4
Land UseResidential
Legal DescriptionTRAILS OF CHESTNUT MEADOW PH 4, BLOCK K, LOT 8
Census Tract050215
Assessed Land Value$90,000
Assessed Improvement Value$253,973
Assessment Year2025

About this property

An Oasis Awaits! This beautiful Megatel built home has many surprises waiting for you. Three bedrooms, two baths, and 2,006 square feet in Trails of Chestnut Meadows and unlike most homes at this price, no project list waiting for you. Start out back in your peaceful refuge. A roughly 15,000-gallon saltwater pool and heated spa, installed in 2018 with a Stonescapes finish and color-changing lights, sits alongside a full outdoor kitchen with a Blaze gas grill and Blaze commercial refrigerator. Natural gas has been run straight to the patio for extra convenience. The Wi-Fi variable-speed water feature pump like nearly everything else out here runs from your phone. An 8' board-on-board fence wraps the yard, with a 12x12 shed on a concrete pad and an eight-station Rainbird sprinkler system to keep the lawn green through a Texas summer. Inside, hardwood floors run throughout, ceiling fans in every room, and Wi-Fi lighting in the primary suite and living area. The kitchen features a gas range and a brand-new LG microwave-convection oven. The expensive stuff is already handled. New upgraded roof and gutters in June 2025. Exterior repainted in 2025. Solar screens throughout, and French drains in the back and side yards routed to the street. Then the details you notice after you move in: wired surround sound indoors and out, a nine-camera security system with upgraded touchscreen panel, and a garage finished with cabinetry, recessed lighting, and a Wi-Fi opener. Move-in ready and the kind of backyard people plan their summers around. Schedule your private showing today!

Investor Tools

Property Icon
$343,973
Estimated Property Value
$214,587Estimated Mortgage Balance
$151,401Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,339 /month
Positive
Cash Flow Estimate:
$780 /month

Interested in this property?

Amanda Hough

Exalt Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$673/month
$549/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,354
$343,973
2025
$90,000
$253,973
$343,973
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,354
$343,973

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$214,587
No
First
Apr 30, 2021
Jun 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,572
$151,401
44%
56%
$1,287/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,836/mo
+$724/mo
8.9%

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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