$270,000
1015 Richmond Ln, Forney, TX, 75126
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher, Electric Range, Microwave, Refrigerator
FlooringCarpet, Tile
Exterior
Lot Size7,405 sqft
Building Information
Year Built2002
Stories1
Roof Type105
Garage Spaces2
Land Information
APN00.4100.0017.0008.00.02.00
Lot Number8
SubdivisionWindmill Farms
Land UseResidential
Legal DescriptionWINDMILL FARMS PH 1C BLOCK Q LOT 8
Census Tract050204
Assessed Land Value$70,000
Assessed Improvement Value$214,266
Assessment Year2025
About this property
Welcome home to this inviting 3-bedroom, 2-bath residence in the desirable Windmill Farms community of Forney. The spacious layout offers comfortable living areas, a functional kitchen, and a cozy fireplace that creates a welcoming atmosphere. The attached garage provides convenient parking and additional storage space. Enjoy the community setting while being conveniently located near shopping, dining, schools, parks, and major roadways. This home offers a wonderful opportunity to create a space that feels truly your own.
Investor Tools
$95,582Estimated Mortgage Balance
$188,684Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,706 /month
Positive
Cash Flow Estimate:
$569 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$297/month
$595/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,138
$284,266
2025
$70,000
$214,266
$284,266
No
Tax History
Year
Tax Paid
Assessed Value
2025
$2,138
$284,266
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Credit Union Of Texas
Credit Line (Revolving) / Heloc
$97,000
No
First
Dec 4, 2025
Dec 2045
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$95,582
$188,684
66%
34%
$582/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,560/mo
$1,177/mo
+$1,383/mo
10.8%
