3908 Murvaul Dr · Farmersville, TX 75442

$250,000

4 bd · 2.5 ba · 1,554 sqft · Land public records · 63 Days on market

Built 2024 4,966 sqft lot $161/sqft · 7% below area Est $269k · 7% under $61/mo HOA · 3% of rent

---

Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.5/30.0
• ARV discount +10.7/15.0
• DSCR +5.1/10.0
• Schools +3.7/10.0
• 1% rule +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautiful single-story home built in 2024 by Meritage Homes, featuring the popular Carlsbad floor plan and nestled in the sought-after Lakehaven community just minutes from the peaceful views and recreation of Lake Lavon. From the moment you arrive, you can feel the warmth, care, and pride of ownership throughout this move-in ready gem. Step inside to an inviting open-concept layout filled with natural light, luxury vinyl plank flooring, and thoughtfully designed spaces perfect for hosting friends, enjoying quiet evenings, or creating lasting memories. The spacious kitchen is truly the heart of the home, featuring granite countertops, a large center island, pantry, and a cozy eat-in dining area that brings everyone together. The private primary suite offers a relaxing retreat at the end of the day, while three additional bedrooms provide flexibility for a home office, guest space, or growing household needs. Enjoy morning coffee on the charming front porch or unwind under the covered back patio overlooking a fully fenced backyard ready for pets, play, and weekend gatherings. Built with energy efficiency in mind, this home also includes smart home features and energy-efficient systems designed for comfort year-round. Life in Lakehaven means access to resort-style amenities, including a pool, fitness center, basketball courts, clubhouse, playground, ponds, scenic trails, and greenbelt spaces. With close proximity to Lake Lavon, local shopping, dining, and top Farmersville ISD schools, this home offers the perfect blend of peaceful living and everyday convenience. Don’t miss out — schedule a showing today!

Key facts

• 4,966 sq ft lot
• 2 garage spots
• Community pool

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath land listed at $250k.

Deal economics

• At list price, monthly cash flow is $147 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (14.0% below list).
• Recommended offer: $215k (14.0% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 4.0% in Farmersville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#425 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools C-, employment D, amenities F.
• Farmersville ISD (town): math 38% / reading 47% proficiency, ranked #298 of 826 in TX (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 415 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 19,194 units permitted in Collin County in 2024 (3,988 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Collin County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.

Recommended offer $214,981 (14.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.86% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.52%
• DSCR: 1.11
• GRM: 9.7

CMA / ARV

• ARV (median comp): $268,971
• List price: $250,000
• Delta: -7.05%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.3%
• Equity multiple: 0.55×
• Total profit: $-31,214
• Equity at exit: $37,276

10-year hold

• IRR: -3.3%
• Equity multiple: 0.78×
• Total profit: $-15,421
• Equity at exit: $21,615

Cash invested: $70,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 75442

• Home prices YoY: -8.3%
• Active inventory: 415
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,150 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$75 /mo · $900/yr
• Insurance: −$104
• HOA: −$61
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $147

Break-even live

Break-even rent $1,964

Max offer price $250,000

Occupancy floor 88%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3906 Mill Creek Dr Farmersville, TX	4.0	3.0	2059	$2,095	$1.02	44d	1	0.15mi
3916 White Rock Dr Unit NA Farmersville, TX	3.0	2.5	1585	$1,996	$1.26	44d	1	0.21mi
3815 Cisco Dr Farmersville, TX	3.0	2.5	1589	$2,000	$1.26	19d	1	0.24mi
3705 Ray Roberts Dr Farmersville, TX	4.0	2.0	1803	$2,195	$1.22	19d	1	0.26mi
3916 Nasworthy Dr Farmersville, TX	4.0	2.5	2071	$2,400	$1.16	1d	1	0.26mi
3619 Chambers Dr Farmersville, TX	3.0	2.0	1311	$1,750	$1.33	7d	1	0.31mi
3713 Canyon Dr Farmersville, TX	4.0	3.0	2059	$2,150	$1.04	11d	1	0.32mi
3720 Canyon Dr Farmersville, TX	4.0	3.0	2059	$2,150	$1.04	19d	1	0.35mi
3138 Texoma Blvd Farmersville, TX	4.0	2.0	1550	$1,850	$1.19	24d	1	0.75mi

HOA detail

• Monthly dues: $61 · $732/yr
• Likely covers: poolgym

Listing history 1 events

1. 2026-03-26
   listed $250,000 Active 1667-char remark

   Show marketing remark (1667 chars)

   Welcome to this beautiful single-story home built in 2024 by Meritage Homes, featuring the popular Carlsbad floor plan and nestled in the sought-after Lakehaven community just minutes from the peaceful views and recreation of Lake Lavon. From the moment you arrive, you can feel the warmth, care, and pride of ownership throughout this move-in ready gem. Step inside to an inviting open-concept layout filled with natural light, luxury vinyl plank flooring, and thoughtfully designed spaces perfect for hosting friends, enjoying quiet evenings, or creating lasting memories. The spacious kitchen is truly the heart of the home, featuring granite countertops, a large center island, pantry, and a cozy eat-in dining area that brings everyone together. The private primary suite offers a relaxing retreat at the end of the day, while three additional bedrooms provide flexibility for a home office, guest space, or growing household needs. Enjoy morning coffee on the charming front porch or unwind under the covered back patio overlooking a fully fenced backyard ready for pets, play, and weekend gatherings. Built with energy efficiency in mind, this home also includes smart home features and energy-efficient systems designed for comfort year-round. Life in Lakehaven means access to resort-style amenities, including a pool, fitness center, basketball courts, clubhouse, playground, ponds, scenic trails, and greenbelt spaces. With close proximity to Lake Lavon, local shopping, dining, and top Farmersville ISD schools, this home offers the perfect blend of peaceful living and everyday convenience. Don’t miss out — schedule a showing today!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $900 · $75/mo
• Projected year-2 tax: $4,575 · $381/mo
• Expected delta: +$3,675/yr (+$306/mo · 408.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $25,798
• − Mortgage interest: −$14,004
• − Property taxes: −$900
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,064
• − Management: −$2,064
• − HOA: −$732
• − Depreciation: −$7,273
• Taxable loss: −$2,489
• Est. tax savings @ 24.0%: +$597
• After-tax cash flow: $2,363/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Farmersville ISD
• NCES district ID: 4819080
• Math proficiency: 38% ▼ -16.00%
• Reading proficiency: 47% ▼ -7.00%
• Median HH income: $56,626
• Composite: 37.17/100
• National rank: #4479
• State rank: #298 of 826 in TX

Livability — Farmersville

• Score: 69/100
• State rank: #425
• US rank: #8723

Category grades

Amenities F Commute F Cost of living A+ Crime A- Employment D Housing A+ Health & safety A- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Collin County · 1,159,394 people
• City population: 10,805
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 10,805
• Household income: $95,250
• Rent vs Own: 18.4% rent · 81.6% own
• Severe rent burden: 105.0

Population outlook (Collin County) Hauer SSP2

• Today (2025): 1,210,074 people
• By 2030: 1,358,201 · +12.2%
• By 2040: 1,654,061 · +36.7%
• By 2050: 1,937,359 · +60.1%
• By 2075: 2,567,039 · +112.1%
• By 2100: 2,952,048 · +144.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 25% Two or more races 13% Black 5% Pacific Islander 2%
• Hispanic origin (detail): Mexican 20% Puerto Rican 5%
• Common ancestry: Italian 3% Serbian 2% Romanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 84% English-only · Spanish 14% German/W. Germanic 1%

Political lean MEDSL · Collin

• 2024 margin: R (+11.1) · D 43.1% · R 54.3% · Other 2.6%
• 2008→2024 swing: +14.4pp toward D · 2008: -25.6pp · 2024: -11.1pp
• All cycles: 2024: R+11.1 2020: R+4.3 2016: R+17.0 2012: R+31.6 2008: R+25.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.67%
• Current HPI: 304.6738
• Rent YoY: —
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

1 event — show timeline

• 2026-03-26 Listed $250,000 NTREIS