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$325,000

5618 Elwood Dr, Forney, TX, 75126

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,936 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.87 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range
FlooringTile, Vinyl

Exterior

Lot Size5,763 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces1

Land Information

APN00.3883.0016.0026.00.02.00
Lot Number26
SubdivisionTrinity Crossing Ph 5a
Land UseResidential
Legal DescriptionTRINITY CROSSING PH 5A, BLOCK P, LOT 26
Census Tract050208
Assessed Land Value$80,000
Assessed Improvement Value$234,569
Assessment Year2025

About this property

Welcome to this nearly new home with incredible curb appeal. Step inside and be greeted by an open floor plan that seamlessly connects the eat-in kitchen to the spacious living room, perfect for entertaining and everyday living. The large separate dining room offers an elegant space for formal gatherings. Retreat to the generous master bedroom, complete with an ensuite bath and a walk-in closet, providing a private oasis. Additionally, there are three more well-appointed bedrooms, offering versatility and comfort. The utility room ensures convenience and practicality. Outside, you'll find a covered porch, ideal for relaxing or hosting outdoor gatherings. The storage shed on a concrete slab provides ample space for all your belongings. And for those cozy evenings, enjoy the charming fire pit area, creating a perfect ambiance. Don't miss the opportunity to make this wonderful home your own.

Investor Tools

Property Icon
$314,569
Estimated Property Value
$231,000Estimated Mortgage Balance
$95,903Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$612/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,776
$314,569
2025
$80,000
$234,569
$314,569
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,776
$314,569

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$231,000
No
First
Jun 22, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$218,666
$95,903
30%
70%
$1,385/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.

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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: Forney

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5618 Elwood Dr | Property Details | No Agent List