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$179,900

522 Forestwood Drive, Forney, TX, 75126

$198,610 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,471 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$122.3 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker, Electric Water Heater
FlooringCeramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size7,200 sqft

Building Information

Year Built1979
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00.3400.0010.0004.00.02.02
Lot Number4
SubdivisionSouth Lake 2
Land UseResidential
Legal DescriptionSOUTH LAKE EST #2 BLOCK J LOT 4
Census Tract050208
Assessed Land Value$58,500
Assessed Improvement Value$186,787
Assessment Year2025

About this property

Come see this affordable home in a well-established neighborhood, with no HOA, in Forney ISD. Great 3 bedroom, 2 bath home with a large family room with a cozy fireplace, brand NEW wood laminate & ceramic tile flooring throughout the home, spacious bedrooms, galley style kitchen with stainless steel appliances and a roomy breakfast nook. Covered back patio with mature trees and plenty of shade, great for entertaining family and friends. The home is conveniently located close to schools, shopping, and restaurants.

Investor Tools

Property Icon
$245,287
Estimated Property Value
$0Estimated Mortgage Balance
$86,302Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$198,610
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,472 /month
Positive
Cash Flow Estimate:
$491 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$407/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,652
$245,287
2025
$58,500
$186,787
$245,287
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,652
$245,287

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security National Mortgage Co
Fha
$179,685
Yes
First
Jun 26, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$158,985
$86,302
35%
65%
$1,078/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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522 Forestwood Drive | Property Details | No Agent List