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$189,000

7099 Terry Lea Ln, Forney, TX, 75126

$245,700 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,484 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$127.36 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave

Exterior

Lot Size1.08 acres

Building Information

Year Built2002
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00.3745.0000.0005.00.02.00
Lot Number5
SubdivisionTerri View Estates
Land UseResidential
Legal DescriptionTERRI VIEW ESTATES, LOT 5; TRANSFER ON DEATH TRANSFER ON DEATH
Census Tract050215
Assessed Land Value$137,018
Assessed Improvement Value$84,045
Assessment Year2025

About this property

An acre in Forney with real upside baked in. 3 bed · 2 bath · 1,484 sqft · 2-car carport · sitting on a 46,871 sqft lot (just over a full acre). Here's what makes this one work: the neighborhood is a mix of brick homes and manufactured, and the brick houses on this street are valuing at $400K+. You're buying the cheapest lot on a block that's climbing — the exact position you want when a market fills in around you. The acre is the asset. Fully fenced — black fence with chain link bordering the property — plus a nice shed already on site. Room to expand, replace, or add value however your exit calls for it. Flip it, hold it, or build the brick comp the street is already proving out. Forney's growth corridor does the rest.

Investor Tools

$53,995Estimated Mortgage Balance
$83,005Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$245,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,134 /month
Positive
Cash Flow Estimate:
$378 /month

Interested in this property?

Sebastian Tamayo

The Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$76/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$231
$84,674
2025
$137,018
$84,045
$221,063
No

Tax History

Year
Tax Paid
Assessed Value
2025
$231
$84,674

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Village Capital & Investment Llc
Fha
$80,145
Yes
First
Aug 1, 2012
Aug 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,995
$83,005
60%
39%
$0/mo

City: Forney

7099 Terry Lea Ln | Property Details | No Agent List