$154,277
●
House -
Off Market
5774 Morvich Drive
Forney, TX 75126
2 Beds
1 Bath
1,010 Ft²
$923
Est. Monthly
$38
HOA / Fees
12.37%
Cap Rate
About This Property
HUD Owned Home FHA Case #511-323782 Sold AS-IS. MOVE IN READY HOME
IN NORTH FORNEY! MAJOR PRICE IMPROVEMENT AND NOW AVAILABLE FOR ALL
BIDDERS! COME LOOK OR TAKE A SECOND LOOK BEFORE IT IS GONE! Come
take a look at this great opportunity to own this almost new home
in the Trinity Crossing Subdivision. This home has neutral paint
colors throughout and a large open living-kitchen-dining combo. The
kitchen has appliances, pantry and quartz counter tops. Large
walk-in closet in the primary bedroom. Huge privacy fenced back
yard and much more. Located with easy access to major highways,
shopping and dining but still off the beating path. Nice curb
appeal with the covered porch area and attached 2 car garage in the
front. Trinity Crossing offers playgrounds, walking trails and
community pool. This home and community have a lot to offer and is
ready for a new owner. Purchase this home with as little as $100
Down when using HUD FHA Financing Incentive.
Unit Size
1,010 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$178
Property Type
House
Property Taxes
-
HOA Dues
$38
Year Built
2022
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (NTREIS #20830257)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 2, 2025 | Sold | ||
| Sold | |||
| Jan 28, 2025 | Listed by NE Texas Regional Realty | $180,200 | |
| Listed by NE Texas Regional Realty | |||
| Sep 9, 2024 | No longer available | - | |
| No longer available | |||
| Aug 9, 2024 | Listed by Riter Group | $229,900 | |
| Listed by Riter Group | |||
| | |||
|
4.75% ASSUMABLE FHA LOAN with BUYER QUALIFICATION and final lender approval...Do not hesitate on this like-new and delightful bungalow in Forney ISD with a convenient location near Rockwall, Mesquite, and Forney for all your needs!!! This move-in ready home features an open floorplan with a spacious living room adjacent to the dining-kitchen. Vinyl plank flooring, low-e windows, fashionable plumbing & electrical fixtures, covered front porch, and a fenced back yard are just some of the attractive perks of this special property. Kitchen features stylish quaker style cabinetry with quartz countertops, as well as modern black appliances. The ample bedrooms feature walk-in closets and are located just outside the well-appointed hall bath. Neighborhood offers playgrounds, walking trails, and a community pool. Elementary-Middle Schools and Hwy 80 access are nearby. Lake Ray Hubbard is just minutes away in the Rockwall-Heath area for fishing, boating, and more. View this jewel today!!
| |||
| Aug 6, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Kaufman
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Listed by: Kevin Riney, NE Texas Regional Realty
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20830257
Details provided by NTREIS and may not match the public record
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20830257
Details provided by NTREIS and may not match the public record
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