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$145,000

405 Cherry St, Forreston, TX, 76041

$157,383 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,156 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.43 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range

Exterior

Lot Size9,365 sqft

Building Information

Year Built1959
Stories2
Roof Type105

Land Information

APN32.2001.008.017.00.112
Lot Number17-18,L
SubdivisionO T Forreston
Land UseResidential
Legal DescriptionLOT 17 & 18 & 19 BLK 8 O T FORRESTON .215 AC
Census Tract061100
Assessed Land Value$90,000
Assessed Improvement Value$70,000
Assessment Year2026

About this property

Great opportunity in Forreston! This 2-bedroom, 1-bath home offers 1,156 sq. ft. of living space on a spacious lot with a fenced yard. Whether you’re looking for a place to call home or an investment property, this home offers plenty of potential. Currently tenant-occupied with monthly rent of $1,100 with contract through Dec 31st.. Convenient location with quick access to I-45, making travel to surrounding areas easy

Investor Tools

$0Estimated Mortgage Balance
$222,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$157,383
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,332 /month
Positive
Cash Flow Estimate:
$444 /month

Interested in this property?

Mayra Medina

League Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$264/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,053
$160,000
2026
$90,000
$70,000
$160,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,053
$160,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$222,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
10.7%

City: Forreston