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1506 Vermillion St
C- Composite 50.01
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

1506 Vermillion St · Forney, TX 75126
4 bd · 3.0 ba · 1,991 sqft · SingleFamily · 107 Days on market
Built 2025 Excellent condition 6,447 sqft lot $155/sqft · 28% below area Est $432k · 28% under $133/mo HOA · 5% of rent ↓ 24% since listing

🖨 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

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

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.
Recommended offer $272,188 (11.9% below list)

Questions for the listing agent

  1. 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?
  2. 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?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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.
  8. 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.
  9. 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

5-year hold
IRR
-20.9%
Equity multiple
0.29×
Total profit
$-61,733
Equity at exit
$46,073
10-year hold
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
3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

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
Vacancy / Maint / Mgmt
$572
Net cashflow
$-118

Break-even live

Break-even rent $2,871
Max offer price $291,904
Occupancy floor 99%

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
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

AddressBedsBaths SqftRent$/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

  1. 2026-06-24
    days on market $309,000 Active 107 DOM
  2. 2026-06-22
    days on market $309,000 Active 105 DOM
  3. 2026-06-21
    days on market $309,000 Active 104 DOM
  4. 2026-06-18
    days on market $309,000 Active 101 DOM
  5. 2026-06-17
    days on market $309,000 Active 100 DOM
  6. 2026-06-16
    days on market $309,000 Active 99 DOM
  7. 2026-06-15
    days on market $309,000 Active 98 DOM
  8. 2026-06-13
    days on market $309,000 Active 96 DOM
  9. 2026-06-13
    pricedays on market $309,000 Active 95 DOM
  10. 2026-06-09
    days on market $328,000 Active 92 DOM
  11. 2026-06-08
    days on market $328,000 Active 91 DOM
  12. 2026-06-07
    days on market $328,000 Active 90 DOM
  13. 2026-06-04
    days on market $328,000 Active 87 DOM
  14. 2026-06-03
    days on market $328,000 Active 86 DOM
  15. 2026-06-02
    days on market $328,000 Active 85 DOM
  16. 2026-06-01
    days on market $328,000 Active 84 DOM
  17. 2026-05-31
    days on market $328,000 Active 83 DOM
  18. 2026-04-08
    price $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.

  19. 2026-04-07
    price $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.

  20. 2026-03-09
    status 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.

  21. 2026-03-09
    price $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.

  22. 2026-03-09
    listed $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.

  23. 2025-05-15
    historical 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.

  24. 2025-05-14
    price $454,000
  25. 2025-05-14
    historical
  26. 2025-05-07
    listed $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.

  27. 2025-04-21
    price $369,000
  28. 2024-10-04
    listed $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
combined federal + state — saved on this device
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

Excellent 95/100 None rehab

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.
D Composite school gradezoned avg 53/100

Zoned Schools

Elementary Rhea Int C+ TX #301/1,662 Nat'l #3,033/14,009 Middle Warren Middle D+ TX #443/1,662 Nat'l #4,335/14,009 High Forney H S C+ TX #258/1,632 Nat'l #3,443/17,239

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
B Composite livability gradescore 76/100

Livability — Forney

Score
76/100
State rank
#98
US rank
#3339

Category grades

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

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
19.5% rent · 80.5% 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

Price history

-24.4% since first listed
11 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

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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