1506 Vermillion St · Forney, TX
Flood risk No data
- FEMA flood zone
- —
- Chance of flooding over 30 yrs
- —
- Est. flood insurance / yr
- —
Fire risk No data
- Est. fire insurance / yr
- —
Heat risk No data
- Hot days now (above threshold)
- —
- Hot days in 30 yrs
- —
Wind risk No data
- Chance of severe wind over 30 yrs
- —
Air-quality risk No data
- Unhealthy air days now
- —
- Unhealthy air days in 30 yrs
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Risk factors via First Street. Map © Google.
Why this score? — see what drove the C- 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).
- ARV discount +15.0/15.0
- Cash flow +11.2/30.0
- Schools +5.3/10.0
- Condition / age +4.8/5.0
- 1% rule +3.8/10.0
- Livability +3.8/5.0
- DSCR +3.3/10.0
- Rent growth +2.9/5.0
- Appreciation +0.0/10.0
$309,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
* * 2.99% FIXED RATE for a 30-Year Mortgage (3.75% APR) on Select Homes for a Limited Time When Using MCI Mortgage * * Brand New Construction by Megatel Homes! Lagoon life is coming to Forney ISD! Discover Bellagio, a master-planned community offering highly rated schools, scenic parks, and a welcoming, small-town atmosphere known for its rich history as the Antique Capital of Texas. This community features resort-style amenities including a lagoon, fitness and wellness spaces, a full-service restaurant and bar, and entertainment options for both adults and kids. Move In Ready & Never Occupied! Megatel Homes' Langston plan is a 2-story, 1,991 square foot home featuring 4 spacious bedrooms, 3 bathrooms, a dinning area, and a 2-car garage. This home blends style and function with an open-concept layout that connects the kitchen and living areas, making it easy to enjoy daily life or host guests. The primary suite offers comfort and privacy, complete with a roomy walk-in closet and a private ensuite bath. Situated on a 40 ft lot, this home is available with elevation A, showcasing a distinct and stylish exterior design.
Key facts
- 6,447 sq ft lot
- 2 garage spots
- Built 2025
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/3.0-bath single-family listed at $309k. Condition is rated excellent.
Deal economics
- At list price, monthly cash flow is $-118 ($-1k/yr) — negative.
- To cash-flow at today's rent, offer at most $292k (5.5% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $272k (11.9% below list).
- Recommended offer: $272k (11.9% below list) — sets the bar for 1% rule.
- Cap rate 5.8% vs local median 4.2% in Forney — 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 76/100 on livability (#98 in TX, #3,339 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities C-, commute F.
- Forney ISD (rural): math 41% / reading 44% proficiency, ranked #234 of 826 in TX (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Rhea Int (math 57% / reading 47%, grade C+, #301 of 1,662 statewide, top 19%, 833 students, 26% FRL); Warren Middle (math 43% / reading 50%, grade D+, #443 of 1,662 statewide, top 28%, 903 students, 26% FRL); Forney H S (math 64% / reading 58%, grade C+, #258 of 1,632 statewide, top 16%, 2,272 students, 28% FRL) — zoned schools at 26% FRL track the district average.
- Market conditions: Rents rising (+1.4%/yr); 2639 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals lingering (median 38d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 61% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,747 units permitted in Kaufman County in 2024 (180 in 5+ unit buildings).
- This rent runs 32% of the median local income ($104k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
- Kaufman County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 107 days — a 9% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 2y ago; this cycle's ask has dropped $20k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 107 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- 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.
- 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.
- 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
- 0.88% ✗
- Cap rate
- 5.83%
- Cash-on-cash
- -1.64%
- DSCR
- 0.93
- GRM
- 9.5
CMA / ARV
- ARV (median comp)
- $431,609
- List price
- $309,000
- Delta
- -28.41%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 4014 Poplar Dr | 0.41mi | 4/2.0 | 2,006 (+1%) | 2mo | $299,900 | $150 | 74 |
| 4111 Beamer Dr | 0.44mi | 4/2.0 | 2,038 (+2%) | 3mo | $315,000 | $155 | 69 |
| 4113 Plateau Dr | 0.51mi | 4/2.0 | 2,065 (+4%) | 4mo | $354,540 | $172 | 62 |
| 4004 Clearline Dr | 0.47mi | 4/2.0 | 1,832 (-8%) | 0mo | $299,990 | $164 | 60 |
| 4120 Rim Trl | 0.56mi | 4/2.0 | 2,065 (+4%) | 9mo | $361,490 | $175 | 56 |
| 4117 Plateau Dr | 0.53mi | 4/2.0 | 1,832 (-8%) | 5mo | $329,540 | $180 | 54 |
| 4008 Dusk Dr | 0.57mi | 5/2.0 (+1) | 2,135 (+7%) | 2mo | $319,900 | $150 | 50 |
| 4146 Rim Trl | 0.68mi | 4/2.0 | 2,065 (+4%) | 9mo | $348,490 | $169 | 50 |
| 4301 Brenton Ln | 0.73mi | 4/2.0 | 1,935 (-3%) | 9mo | $381,490 | $197 | 50 |
| 4161 Waldron Trl | 0.75mi | 4/2.0 | 1,832 (-8%) | 0mo | $336,490 | $184 | 48 |
| 4303 Brenton Ln | 0.73mi | 4/2.0 | 1,832 (-8%) | 7mo | $329,490 | $180 | 43 |
| 159 Mandarin St | 0.66mi | 4/2.5 | 2,247 (+13%) | 8mo | $324,900 | $145 | 39 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 1.42% rent growth · sell at horizon
- IRR
- -20.9%
- Equity multiple
- 0.29×
- Total profit
- $-61,733
- Equity at exit
- $46,073
- IRR
- -18.4%
- Equity multiple
- 0.08×
- Total profit
- $-79,881
- Equity at exit
- $26,717
Cash invested: $86,520 (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
Active competition Active MLS
- For sale now
- 37 active · 29 under contract
- Months of supply
- 9.2 mo (11%/mo absorbed)
- Median asking
- $369,000 ($175/sqft)
- Median days on market
- 78 d
- This list price
- 5% of active listings are priced below it
- ARV vs active asking
- +24.2% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 75126
- Rents YoY
- 1.4%
- Active inventory
- 2639
- Price-to-rent
- 9.5×
Monthly cashflow live
- Estimated rent
- $2,722 high interval (Pro) →
- Mortgage (P&I)
- −$1,620
- Tax est. 1.5%
- −$386 /mo · $4,635/yr
- Insurance
- −$129
- HOA
- −$133
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$572
- Net cashflow
- $-118
Break-even live
Sensitivity live
| Price | -10% $95 | -5% $-11 | +0% $-118 | +5% $-225 | +10% $-332 |
|---|---|---|---|---|---|
| Rent | -10% $-333 | -5% $-226 | +0% $-118 | +5% $-11 | +10% $97 |
| Rate | -1.0pp $37 | -0.5pp $-40 | base $-118 | +0.5pp $-198 | +1.0pp $-280 |
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
- $77,250
- Closing costs
- $9,270
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 33 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2503 Blue Oasis Ct Forney, TX | 4.0 | 2.5 | 2127 | $2,399 | $1.13 | 12d | 1 | 0.09mi |
| 1308 Middlebrooks Dr Forney, TX | 4.0 | 2.5 | 2231 | $2,650 | $1.19 | 93d | 1 | 0.12mi |
| 2302 Doe Branch Ln Forney, TX | 4.0 | 2.5 | 2457 | $2,750 | $1.12 | 71d | 1 | 0.17mi |
| 2140 Florence Dr Forney, TX | 4.0 | 2.5 | 2032 | $2,600 | $1.28 | 93d | 1 | 0.20mi |
| 4005 Waterford Dr Forney, TX | 4.0 | 2.0 | 1852 | $2,350 | $1.27 | 93d | 1 | 0.42mi |
| 4008 Dusk Dr Forney, TX | 5.0 | 2.0 | 2138 | $3,000 | $1.40 | 28d | 1 | 0.55mi |
| 4000 Dusk Dr Forney, TX | 4.0 | 2.0 | 2140 | $2,599 | $1.21 | 38d | 1 | 0.56mi |
| 4306 Paxton Dr Forney, TX | 4.0 | 2.0 | 1837 | $2,600 | $1.42 | 93d | 1 | 0.68mi |
| 4320 Shadow Dr Forney, TX | 3.0 | 3.0 | 1830 | $2,550 | $1.39 | 8d | 1 | 0.72mi |
| 4162 Rim Trl Forney, TX | 4.0 | 2.0 | 1916 | $2,350 | $1.23 | 38d | 1 | 0.73mi |
| 4170 Plateau Dr Forney, TX | 4.0 | 2.0 | 2100 | $3,573 | $1.70 | 93d | 1 | 0.74mi |
| 4175 Beamer Dr Forney, TX | 4.0 | 2.0 | 1830 | $2,500 | $1.37 | 28d | 1 | 0.77mi |
| 4178 Plateau Dr Forney, TX | 4.0 | 2.0 | 1832 | $3,573 | $1.95 | 93d | 1 | 0.78mi |
| 114 Mandarin St Forney, TX | 3.0 | 2.0 | 1871 | $2,400 | $1.28 | 38d | 1 | 0.83mi |
| 107 Huckleberry Rd Forney, TX | 4.0 | 2.5 | 2186 | $2,700 | $1.24 | 4d | 1 | 0.84mi |
| 4186 Rim Trl Forney, TX | 4.0 | 2.0 | 2060 | $2,750 | $1.33 | 93d | 1 | 0.84mi |
| 4198 Plateau Dr Forney, TX | 4.0 | 2.0 | 1832 | $3,573 | $1.95 | 93d | 1 | 0.87mi |
| 335 Chapel Hill Dr Forney, TX | 4.0 | 2.5 | 2520 | $3,400 | $1.35 | 17d | 1 | 0.91mi |
| 1515 Arabella Ave Forney, TX | 4.0 | 2.0 | 1636 | $2,200 | $1.34 | 23d | 1 | 0.98mi |
| 2320 Willard Way Forney, TX | 5.0 | 4.0 | 2408 | $3,950 | $1.64 | 93d | 1 | 1.00mi |
| 1450 Arabella Ave Forney, TX | 4.0 | 2.0 | 1636 | $2,250 | $1.38 | 62d | 1 | 1.01mi |
| 2760 Tanner St Forney, TX | 4.0 | 2.0 | 1615 | $2,200 | $1.36 | 21d | 1 | 1.09mi |
| 1114 Leafy Glade Rd Forney, TX | 5.0 | 2.5 | 2376 | $2,900 | $1.22 | 60d | 1 | 1.10mi |
| 2850 Dusty Rd Forney, TX | 4.0 | 3.0 | 2115 | $2,300 | $1.09 | 4d | 1 | 1.12mi |
| 1160 Wentworth Way Forney, TX | 4.0 | 2.0 | 1815 | $2,189 | $1.21 | 32d | 1 | 1.15mi |
| 413 Driftwood Ct Forney, TX | 3.0 | 2.0 | 1733 | $1,999 | $1.15 | 59d | 1 | 1.20mi |
| 413 Driftwood Ct Forney, TX | 3.0 | 2.0 | 1733 | $2,000 | $1.15 | 64d | 1 | 1.20mi |
| 844 Lauren Grove Ln Forney, TX | 4.0 | 2.0 | 2000 | $3,800 | $1.90 | 38d | 1 | 1.36mi |
| 1024 Meadowlark Ave Forney, TX | 4.0 | 2.5 | 2438 | $2,795 | $1.15 | 38d | 1 | 1.39mi |
| 1024 Meadowlark Ave Forney, TX | 4.0 | 2.5 | 2440 | $2,500 | $1.02 | 10d | 1 | 1.39mi |
| 233 Amherst Dr Forney, TX | 3.0 | 2.0 | 1525 | $1,819 | $1.19 | 2d | 1 | 1.41mi |
| 5507 Cavalcade Ct Forney, TX | 4.0 | 2.0 | 1708 | $3,000 | $1.76 | 7d | 1 | 1.41mi |
| 512 Bryn Mawr Forney, TX | 4.0 | 2.0 | 1960 | $2,470 | $1.26 | 7d | 1 | 1.42mi |
Listing history 28 events
-
2026-06-24days on market $309,000 Active 107 DOM
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2026-06-22days on market $309,000 Active 105 DOM
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2026-06-21days on market $309,000 Active 104 DOM
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2026-06-18days on market $309,000 Active 101 DOM
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2026-06-17days on market $309,000 Active 100 DOM
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2026-06-16days on market $309,000 Active 99 DOM
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2026-06-15days on market $309,000 Active 98 DOM
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2026-06-13days on market $309,000 Active 96 DOM
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2026-06-13pricedays on market $309,000 Active 95 DOM
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2026-06-09days on market $328,000 Active 92 DOM
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2026-06-08days on market $328,000 Active 91 DOM
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2026-06-07days on market $328,000 Active 90 DOM
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2026-06-04days on market $328,000 Active 87 DOM
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2026-06-03days on market $328,000 Active 86 DOM
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2026-06-02days on market $328,000 Active 85 DOM
-
2026-06-01days on market $328,000 Active 84 DOM
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2026-05-31days on market $328,000 Active 83 DOM
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2026-04-08price $328,000 1145-char remark
Show marketing remark (1145 chars)
* * 2.99% FIXED RATE for a 30-Year Mortgage (3.75% APR) on Select Homes for a Limited Time When Using MCI Mortgage * * Brand New Construction by Megatel Homes! Lagoon life is coming to Forney ISD! Discover Bellagio, a master-planned community offering highly rated schools, scenic parks, and a welcoming, small-town atmosphere known for its rich history as the Antique Capital of Texas. This community features resort-style amenities including a lagoon, fitness and wellness spaces, a full-service restaurant and bar, and entertainment options for both adults and kids. Move In Ready & Never Occupied! Megatel Homes' Langston plan is a 2-story, 1,991 square foot home featuring 4 spacious bedrooms, 3 bathrooms, a dinning area, and a 2-car garage. This home blends style and function with an open-concept layout that connects the kitchen and living areas, making it easy to enjoy daily life or host guests. The primary suite offers comfort and privacy, complete with a roomy walk-in closet and a private ensuite bath. Situated on a 40 ft lot, this home is available with elevation A, showcasing a distinct and stylish exterior design.
-
2026-04-07price $328,000 1142-char remark
Show marketing remark (1142 chars)
** 2.99% FIXED RATE for a 30-Year Mortgage (3.75% APR) on Select Homes for a Limited Time When Using MCI Mortgage ** Brand New Construction by Megatel Homes! Lagoon life is coming to Forney ISD! Discover Bellagio, a master-planned community offering highly rated schools, scenic parks, and a welcoming, small-town atmosphere known for its rich history as the Antique Capital of Texas. This community features resort-style amenities including a lagoon, fitness and wellness spaces, a full-service restaurant and bar, and entertainment options for both adults and kids. Move In Ready & Never Occupied! Megatel Homes’ Langston plan is a 2-story, 1,991 square foot home featuring 4 spacious bedrooms, 3 bathrooms, a dinning area, and a 2-car garage. This home blends style and function with an open-concept layout that connects the kitchen and living areas, making it easy to enjoy daily life or host guests. The primary suite offers comfort and privacy, complete with a roomy walk-in closet and a private ensuite bath. Situated on a 40 ft lot, this home is available with elevation A, showcasing a distinct and stylish exterior design.
-
2026-03-09status Active 1145-char remark
Show marketing remark (1142 chars)
** 2.99% FIXED RATE for a 30-Year Mortgage (3.75% APR) on Select Homes for a Limited Time When Using MCI Mortgage ** Brand New Construction by Megatel Homes! Lagoon life is coming to Forney ISD! Discover Bellagio, a master-planned community offering highly rated schools, scenic parks, and a welcoming, small-town atmosphere known for its rich history as the Antique Capital of Texas. This community features resort-style amenities including a lagoon, fitness and wellness spaces, a full-service restaurant and bar, and entertainment options for both adults and kids. Move In Ready & Never Occupied! Megatel Homes’ Langston plan is a 2-story, 1,991 square foot home featuring 4 spacious bedrooms, 3 bathrooms, a dinning area, and a 2-car garage. This home blends style and function with an open-concept layout that connects the kitchen and living areas, making it easy to enjoy daily life or host guests. The primary suite offers comfort and privacy, complete with a roomy walk-in closet and a private ensuite bath. Situated on a 40 ft lot, this home is available with elevation A, showcasing a distinct and stylish exterior design.
-
2026-03-09price $329,000 1145-char remark
Show marketing remark (1142 chars)
** 2.99% FIXED RATE for a 30-Year Mortgage (3.75% APR) on Select Homes for a Limited Time When Using MCI Mortgage ** Brand New Construction by Megatel Homes! Lagoon life is coming to Forney ISD! Discover Bellagio, a master-planned community offering highly rated schools, scenic parks, and a welcoming, small-town atmosphere known for its rich history as the Antique Capital of Texas. This community features resort-style amenities including a lagoon, fitness and wellness spaces, a full-service restaurant and bar, and entertainment options for both adults and kids. Move In Ready & Never Occupied! Megatel Homes’ Langston plan is a 2-story, 1,991 square foot home featuring 4 spacious bedrooms, 3 bathrooms, a dinning area, and a 2-car garage. This home blends style and function with an open-concept layout that connects the kitchen and living areas, making it easy to enjoy daily life or host guests. The primary suite offers comfort and privacy, complete with a roomy walk-in closet and a private ensuite bath. Situated on a 40 ft lot, this home is available with elevation A, showcasing a distinct and stylish exterior design.
-
2026-03-09$329,000 Active 1142-char remark
Show marketing remark (1142 chars)
** 2.99% FIXED RATE for a 30-Year Mortgage (3.75% APR) on Select Homes for a Limited Time When Using MCI Mortgage ** Brand New Construction by Megatel Homes! Lagoon life is coming to Forney ISD! Discover Bellagio, a master-planned community offering highly rated schools, scenic parks, and a welcoming, small-town atmosphere known for its rich history as the Antique Capital of Texas. This community features resort-style amenities including a lagoon, fitness and wellness spaces, a full-service restaurant and bar, and entertainment options for both adults and kids. Move In Ready & Never Occupied! Megatel Homes’ Langston plan is a 2-story, 1,991 square foot home featuring 4 spacious bedrooms, 3 bathrooms, a dinning area, and a 2-car garage. This home blends style and function with an open-concept layout that connects the kitchen and living areas, making it easy to enjoy daily life or host guests. The primary suite offers comfort and privacy, complete with a roomy walk-in closet and a private ensuite bath. Situated on a 40 ft lot, this home is available with elevation A, showcasing a distinct and stylish exterior design.
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2025-05-15historical 1145-char remark
Show marketing remark (1145 chars)
* * 2.99% FIXED RATE for a 30-Year Mortgage (3.75% APR) on Select Homes for a Limited Time When Using MCI Mortgage * * Brand New Construction by Megatel Homes! Lagoon life is coming to Forney ISD! Discover Bellagio, a master-planned community offering highly rated schools, scenic parks, and a welcoming, small-town atmosphere known for its rich history as the Antique Capital of Texas. This community features resort-style amenities including a lagoon, fitness and wellness spaces, a full-service restaurant and bar, and entertainment options for both adults and kids. Move In Ready & Never Occupied! Megatel Homes' Langston plan is a 2-story, 1,991 square foot home featuring 4 spacious bedrooms, 3 bathrooms, a dinning area, and a 2-car garage. This home blends style and function with an open-concept layout that connects the kitchen and living areas, making it easy to enjoy daily life or host guests. The primary suite offers comfort and privacy, complete with a roomy walk-in closet and a private ensuite bath. Situated on a 40 ft lot, this home is available with elevation A, showcasing a distinct and stylish exterior design.
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2025-05-14price $454,000
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2025-05-14historical
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2025-05-07$369,000 Active 1145-char remark
Show marketing remark (1145 chars)
* * 2.99% FIXED RATE for a 30-Year Mortgage (3.75% APR) on Select Homes for a Limited Time When Using MCI Mortgage * * Brand New Construction by Megatel Homes! Lagoon life is coming to Forney ISD! Discover Bellagio, a master-planned community offering highly rated schools, scenic parks, and a welcoming, small-town atmosphere known for its rich history as the Antique Capital of Texas. This community features resort-style amenities including a lagoon, fitness and wellness spaces, a full-service restaurant and bar, and entertainment options for both adults and kids. Move In Ready & Never Occupied! Megatel Homes' Langston plan is a 2-story, 1,991 square foot home featuring 4 spacious bedrooms, 3 bathrooms, a dinning area, and a 2-car garage. This home blends style and function with an open-concept layout that connects the kitchen and living areas, making it easy to enjoy daily life or host guests. The primary suite offers comfort and privacy, complete with a roomy walk-in closet and a private ensuite bath. Situated on a 40 ft lot, this home is available with elevation A, showcasing a distinct and stylish exterior design.
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2025-04-21price $369,000
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2024-10-04$434,000 Active
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Nearby sold comps map
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Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $32,663
- − Mortgage interest
- −$17,309
- − Property taxes
- −$4,635
- − Insurance
- −$1,545
- − Repairs & maintenance
- −$2,613
- − Management
- −$2,613
- − HOA
- −$1,596
- − Depreciation
- −$8,989
- Taxable loss
- −$6,637
- Est. tax savings @ 24.0%
- +$1,593
- After-tax cash flow
- $175/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.
Condition & rehab AI · 12 photos
This move-in ready home in Bellagio, a master-planned community with resort-style amenities, is in excellent condition with no visible repairs needed. Potential buyers and renters can appreciate the modern kitchen, well-maintained exterior, and smart home features that can be added to further enhance the property's value.
Value-add opportunities
- Both Painting the exterior and interior walls — Fresh paint can enhance the curb appeal and interior aesthetics. ↑
- Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/renters. ↑
- Both Add a smart home system — A smart home system can increase the home's value and appeal to tech-savvy buyers/renters. ↑
- Both Install smart locks — Smart locks can enhance security and convenience for both buyers and renters. ↑
- Both Add a smart thermostat — A smart thermostat can improve energy efficiency and comfort for both buyers and renters. ↑
Zoned Schools
Schools (NCES district)
- District
- Forney ISD
- NCES district ID
- 4819560
- Math proficiency
- 41% ▼ -20.00%
- Reading proficiency
- 44% ▼ -12.00%
- Median HH income
- $86,679
- Composite
- 40.07/100
- National rank
- #3812
- State rank
- #234 of 826 in TX
Livability — Forney
- Score
- 76/100
- State rank
- #98
- US rank
- #3339
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Forney, TX
- County
- Kaufman County · 138,716 people
- City population
- 84,799
- Metro
- Dallas-Fort Worth-Arlington, TX
- Population (ZIP)
- 84,799
- Household income
- $103,673
- Rent vs Own
- Severe rent burden
- 20% of renters
Population outlook (Kaufman County) Hauer SSP2
- Today (2025)
- 138,716 people
- By 2030
- 150,815 · +8.7%
- By 2040
- 174,877 · +26.1%
- By 2050
- 198,020 · +42.8%
- By 2075
- 251,908 · +81.6%
- By 2100
- 285,325 · +105.7%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.68)
- Race & ethnicity
- White 45% Black 25% Hispanic / Latino 23% Two or more races 14% Asian 3%
- Hispanic origin (detail)
- Mexican 18% Puerto Rican 1%
- Common ancestry
- Italian 2% Slovak 1% Portuguese 1%
- Foreign-born
- 12% · Canada, Vietnam
- Languages at home
- 79% English-only · Spanish 14% Arabic 1% Vietnamese 1%
Political lean MEDSL · Kaufman
- 2024 margin
- Strong R (+27.9) · D 35.6% · R 63.5%
- 2008→2024 swing
- +7.9pp toward D · 2008: -35.8pp · 2024: -27.9pp
- All cycles
- 2024: R+27.9 2020: R+33.9 2016: R+47.0 2012: R+44.4 2008: R+35.8
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -102.93%
- Current HPI
- 148.5749
- Rent YoY
- ▲ 1.42%
- 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 |
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| Technology | 5 | $198B |
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| Engineering / Construction | 4 | $72B |
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| Energy Services | 3 | $60B |
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| Utilities | 3 | $41B |
|
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| Healthcare | 2 | $330B |
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Price history
-24.4% since first listed11 events — show timeline
- 2026-04-08 Price Changed $328,000 Zillow
- 2026-04-07 Price Changed $328,000 NTREIS
- 2026-03-09 Relisted — Zillow
- 2026-03-09 Price Changed $329,000 Zillow
- 2026-03-09 Listed $329,000 NTREIS
- 2025-05-15 Delisted — Zillow
- 2025-05-14 Listing Removed — NTREIS
- 2025-05-14 Price Changed $454,000 NTREIS
- 2025-05-07 Listed $369,000 Zillow
- 2025-04-21 Price Changed $369,000 NTREIS
- 2024-10-04 Listed $434,000 NTREIS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…