1859 Balfour Bnd · Forney, TX 75126

$304,990

4 bd · 2.0 ba · 1,866 sqft · SingleFamily · 8 Days on market

Built 2025 Good condition 5,400 sqft lot Est $302k · at est. $65/mo HOA · 2% of rent

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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 +11.4/30.0
• ARV discount +7.1/15.0
• Schools +4.0/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• 1% rule +3.6/10.0
• DSCR +3.3/10.0
• Rent growth +2.9/5.0
• Appreciation +0.0/10.0

Listing remarks

MLS# 21227582 - Built by Trophy Signature Homes - Ready Now! ~ It's crystal clear that the Quartz appeals to everyone. This popular single-story plan shines because of the great room. The layout allows you to simultaneously keep your eyes on architects constructing forts and others prepping for the big debate tournament. While they work, you can play in your extravagant open kitchen. There's plenty of counterspace for rolling out pizza dough. Set the toppings on the island and let the chefs get to work. The spacious primary suite can be your personal haven. Set up the adjacent study nook as a drop zone for everyone. The guest suite is nestled next to a full bath with dual sinks perfect for

Key facts

• 5,400 sq ft lot
• 2 garage spots
• Community pool

Property features AI

Finance

• Other: Energy-efficient features include efficient appliances, HVAC, insulation, lighting, low-flow fixtures, mechanical fresh air, thermostat controls, efficient windows and water heater; water-smart landscaping and rain/freeze sensors
• Financial info: Treat as clear loan type; No second mortgage indicated
• HOA & community: Mandatory association (Devonshire Residential Association, Inc.); Quarterly association fee; Association fee covers full use of facilities, grounds maintenance, structure maintenance and management fees; Community amenities: club house, community pool, greenbelt, jogging/bike path, park, perimeter fencing, sidewalks

Exterior

• Parking: 2 covered parking spaces; 2-car garage with single door; 2-car garage (20' wide x 20' deep)
• Security: Smoke detectors; Carbon monoxide detectors
• Utilities: MUD water; MUD sewer; Curbs and sidewalks; Municipal utility district service
• Home design: Single family residence; One story; Not attached to another property; Planned development: Devonshire; Smart home features included
• Construction: Built in 2025 (new construction - incomplete); Brick, rock/stone and siding exterior; Composition roof; Slab foundation
• Exterior features: Covered porch(es); Covered patio/porch; Gutters; Exterior lighting; Private backyard; Back yard fencing

Interior

• Kitchen: Built-in gas range; Gas oven; Microwave; Dishwasher; Disposal; Pantry; Tankless water heater
• Bedrooms: 4 bedrooms (all on one level); Primary bedroom on main level
• Flooring: Carpet; Luxury vinyl plank; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air; Zoned cooling; Ceiling fans
• Interior features: Open floorplan; Vaulted ceilings; Pantry; Decorative lighting; Cable TV available; High-speed internet available; Walk-in closets
• Laundry & utility: Full-size washer/dryer area; Washer hookup; Electric dryer hookup; Utility room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $305k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-107 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $290k (5.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $262k (14.2% below list).
• Recommended offer: $262k (14.2% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 4.1% 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: Griffin El (782 students, 48% FRL) — zoned schools average 48% FRL vs 26% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.4%/yr); 2200 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,747 units permitted in Kaufman County in 2024 (180 in 5+ unit buildings).
• This rent runs 30% 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $261,529 (14.2% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 5.87%
• Cash-on-cash: -1.50%
• DSCR: 0.93
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $302,292
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1859 Balfour Bnd	0.00mi	4/2.0	1,866 (0%)	0mo	$304,990	$163	100
1861 Balfour Bnd	0.01mi	3/2.0 (-1)	1,909 (+2%)	1mo	$309,990	$162	90
1932 Callington Way	0.10mi	4/2.0	1,800 (-4%)	2mo	$299,990	$167	88
1184 Nora Ln	0.17mi	4/2.0	1,791 (-4%)	1mo	$312,990	$175	85
2235 Willowbank Dr	0.16mi	3/2.0 (-1)	1,986 (+6%)	0mo	$317,990	$160	77
2931 Soaring Hills Dr	0.30mi	4/3.0	1,942 (+4%)	2mo	$374,900	$193	74
1887 Balfour Bnd	0.12mi	4/2.5	2,084 (+12%)	2mo	$319,990	$154	71
1290 Binfield Dr	0.44mi	3/2.0 (-1)	1,901 (+2%)	0mo	$294,990	$155	71
2122 Winsbury Way	0.36mi	3/2.0 (-1)	1,771 (-5%)	0mo	$285,000	$161	70
1899 Balfour Bnd	0.17mi	4/2.5	2,084 (+12%)	2mo	$319,990	$154	69
2019 Brewers Ln	0.37mi	3/2.0 (-1)	1,984 (+6%)	1mo	$352,900	$178	66
2078 Rosebury Ln	0.43mi	3/2.0 (-1)	1,643 (-12%)	1mo	$250,000	$152	54

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: -20.6%
• Equity multiple: 0.29×
• Total profit: $-60,227
• Equity at exit: $45,475

10-year hold

• IRR: -17.8%
• Equity multiple: 0.10×
• Total profit: $-77,140
• Equity at exit: $26,370

Cash invested: $85,397 (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 75126

• Rents YoY: 1.4%
• Active inventory: 2200
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,615 high
• Mortgage (P&I): −$1,599
• Tax est. 1.5%: −$381 /mo · $4,575/yr
• Insurance: −$127
• HOA: −$65
• Vacancy / Maint / Mgmt: −$549
• Net cashflow: $-107

Break-even live

Break-even rent $2,750

Max offer price $289,559

Occupancy floor 99%

Sensitivity live

Price	-10% $104	-5% $-1	+0% $-107	+5% $-212	+10% $-317
Rent	-10% $-313	-5% $-210	+0% $-107	+5% $-3	+10% $100
Rate	-1.0pp $47	-0.5pp $-29	base $-107	+0.5pp $-186	+1.0pp $-266

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: $76,248
• Closing costs: $9,150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2029 Dovedale Dr Forney, TX	4.0	3.0	2426	$3,200	$1.32	45d	1	0.22mi
1806 Balfour Bnd Forney, TX	3.0	2.0	1981	$2,600	$1.31	25d	1	0.27mi
635 Brockwell Bnd Forney, TX	4.0	3.0	2506	$3,300	$1.32	21d	1	0.29mi
2023 Avondown Rd Forney, TX	3.0	2.0	1640	$2,191	$1.34	0d	1	0.50mi
1448 Kingswell Ln Forney, TX	4.0	3.0	2208	$2,950	$1.34	25d	1	0.54mi
1128 Queensdown Way Forney, TX	4.0	3.0	2097	$2,999	$1.43	45d	1	0.58mi
2217 Perrymead Dr Forney, TX	3.0	2.0	1423	$2,360	$1.66	5d	1	0.68mi
1421 Kirkhill Ln Unit 1421 Heath, TX	4.0	3.0	2545	$3,500	$1.38	22d	1	0.69mi
1421 Kirkhill Ln Forney, TX	4.0	3.0	2545	$3,600	$1.41	25d	1	0.69mi
2225 Heaton Forney, TX	3.0	2.0	1909	$2,150	$1.13	45d	1	0.72mi
1120 Canterbury Ln Forney, TX	4.0	3.0	2450	$2,950	$1.20	14d	1	0.73mi
2213 Heaton Forney, TX	3.0	2.0	2146	$2,395	$1.12	8d	1	0.75mi
2213 Heaton Forney, TX	3.0	2.0	2146	$2,395	$1.12	18d	1	0.75mi
2207 Heaton Forney, TX	3.0	2.0	1423	$2,100	$1.48	45d	1	0.77mi
2287 Cliff Springs Dr Forney, TX	4.0	2.0	2000	$2,195	$1.10	45d	1	0.90mi
1728 High Perch Ln Forney, TX	3.0	2.0	1474	$1,800	$1.22	20d	1	0.90mi
2003 Pine Stone Ln Forney, TX	3.0	2.0	1488	$2,000	$1.34	45d	1	0.90mi
1729 High Perch Ln Forney, TX	4.0	2.0	1720	$2,350	$1.37	45d	1	0.91mi
1025 Dunhill Ln Forney, TX	4.0	2.0	2273	$2,450	$1.08	3d	1	0.91mi
1017 Somerset Cir Forney, TX	3.0	2.0	2185	$2,375	$1.09	8d	1	0.91mi
1158 Barbary Fields St Forney, TX	4.0	2.0	1780	$2,200	$1.24	0d	1	0.92mi
1147 Barbary Fields St Forney, TX	3.0	2.0	1522	$2,200	$1.45	0d	1	0.93mi
2016 Croftbank St Forney, TX	3.0	2.5	1920	$2,600	$1.35	0d	1	0.94mi
1947 Aves Glen Ln Forney, TX	3.0	2.0	1411	$2,195	$1.56	25d	1	0.94mi
1355 Wedgeleaf Ln Forney, TX	3.0	2.0	1461	$2,200	$1.51	45d	1	0.97mi
1633 Briar Hunt Dr Forney, TX	5.0	2.5	2470	$2,500	$1.01	22d	1	1.00mi
1636 Briar Hunt Dr Forney, TX	4.0	2.5	2000	$2,250	$1.12	45d	1	1.03mi
1650 Briar Hunt Dr Forney, TX	3.0	2.0	1559	$1,995	$1.28	25d	1	1.03mi
1631 Rosy Finch Dr Heath, TX	4.0	2.0	1665	$2,600	$1.56	18d	1	1.07mi
1718 Cecil Crest Ln Forney, TX	4.0	2.5	2147	$2,395	$1.12	45d	1	1.07mi
1405 Merlin Bluff St Forney, TX	3.0	2.0	1500	$2,400	$1.60	7d	1	1.08mi
1429 Dovekie Dr Forney, TX	3.0	2.0	1311	$2,500	$1.91	3d	1	1.09mi
2330 Aspen Hill Dr Forney, TX	3.0	2.0	1498	$1,795	$1.20	20d	1	1.09mi
1625 Rosy Finch Dr Forney, TX	4.0	2.0	1667	$2,095	$1.26	45d	1	1.09mi
1727 Crossbill St Forney, TX	3.0	2.0	1311	$1,750	$1.33	20d	1	1.11mi
1622 Rosy Finch Dr Forney, TX	4.0	2.0	1665	$2,195	$1.32	45d	1	1.11mi
2111 River Pine Rd Forney, TX	3.0	2.0	1496	$1,950	$1.30	45d	1	1.11mi
1725 Crossbill St Forney, TX	3.0	2.0	1451	$1,785	$1.23	45d	1	1.11mi
1012 Barkers Pond Ave Forney, TX	4.0	2.0	1710	$2,295	$1.34	4d	1	1.11mi
1289 Wedgeleaf Ln Forney, TX	3.0	2.0	1522	$1,785	$1.17	23d	1	1.11mi

HOA detail

• Monthly dues: $65 · $780/yr

Listing history 2 events

1. 2026-04-10
   status Pending
2. 2026-04-02
   listed $304,990 Active

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

Taxation est. · year 1

• Rental income: $31,383
• − Mortgage interest: −$17,084
• − Property taxes: −$4,575
• − Insurance: −$1,525
• − Repairs & maintenance: −$2,511
• − Management: −$2,511
• − HOA: −$780
• − Depreciation: −$8,872
• Taxable loss: −$6,474
• Est. tax savings @ 24.0%: +$1,554
• After-tax cash flow: $274/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 · 13 photos

Good 80/100 Cosmetic rehab

This single-family home is in good condition with modern finishes and a well-maintained exterior. A fresh coat of paint on the exterior siding and trimming the landscaping would further enhance its curb appeal and value.

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal and value
• Rental Trim landscaping — Improves curb appeal and rental appeal

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal and value ↑
• Rental Trim landscaping — Improves curb appeal and rental appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

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

• County: Kaufman County · 122,338 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: 1306.0

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
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

2 events — show timeline

• 2026-04-10 Pending — NTREIS
• 2026-04-02 Listed $304,990 NTREIS