17319 Senne Rd · McLendon-Chisholm, TX 75126

$244,900

5 bd · 2.0 ba · 1,568 sqft · Manufactured public records · 122 Days on market

Built 1984 1.00 ac lot $156/sqft · 18% below area ↓ 4% since listing

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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).

• Cash flow +20.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +5.3/10.0
• Schools +4.0/10.0
• Rent growth +2.9/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE IMPROVEMENT - ALL OFFERS CONSIDERED. Spacious Home on 1-Acre in Forney, TX + Bonus Apartment! Many updates completed, and extra space to make this home your own. This 2,660 sqft home offers 5 bedrooms and 2 bathrooms on a full 1-acre lot, featuring updated flooring and a cozy wood-burning fireplace. Big-ticket items have been handled with full roof replacement 2024, septic system 2023, and HVAC replaced in 2021. Out back, the spacious 1-acre setting is ideal for a small homestead—bring your chickens, start a garden, and enjoy the fruit trees with plenty of room for outdoor living and entertaining. A seasonal creek runs along the rear of the property, adding a natural touch without taking away from the usable land. A 2-bedroom, 1-bath unfinished apartment with its own entrance—perfect for a future guest suite, rental income opportunity, home office, or multigenerational living, finish-out needed. Two storage buildings, one with electricity and plumbing provide extra room for tools, equipment, or hobbies, and a 2-car carport adds convenient covered parking. NO HOA, NO MUD & NO PID Sold AS-IS—bring your vision and make it yours. Conveniently located near Forney and Rockwall amenities with the peace of country-style living!

Key facts

• Hvac replaced
• Updated flooring
• 1-acre lot

Tags

• 1-ACRE LOT
• UPDATED FLOORING
• WOOD-BURNING FIREPLACE
• FULL ROOF REPLACEMENT
• SEPTIC SYSTEM
• HVAC REPLACED

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath manufactured listed at $245k.

Deal economics

• At list price, monthly cash flow is $316 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $216k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 2.2% in McLendon-Chisholm — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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.
• Market conditions: Rents rising (+1.4%/yr); 2200 active listings in the ZIP; solid renter incomes; 1,747 units permitted in Kaufman County in 2024 (180 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 $7k 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 122 days — a 12% lower offer ($216k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $215,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 122 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.03% ✓
• Cap rate: 7.84%
• Cash-on-cash: 5.53%
• DSCR: 1.25
• GRM: 8.1

CMA / ARV

• ARV (median comp): $505,625
• List price: $244,900
• Delta: -51.56%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.42% rent growth · sell at horizon

5-year hold

• IRR: -9.5%
• Equity multiple: 0.66×
• Total profit: $-23,471
• Equity at exit: $36,515

10-year hold

• IRR: -2.3%
• Equity multiple: 0.85×
• Total profit: $-10,088
• Equity at exit: $21,174

Cash invested: $68,572 (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: 8.1×

Monthly cashflow live

• Estimated rent: $2,521 medium
• Mortgage (P&I): −$1,284
• Tax from tax record: −$289 /mo · $3,467/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$529
• Net cashflow: $316

Break-even live

Break-even rent $2,121

Max offer price $244,900

Occupancy floor 82%

Sensitivity live

Price	-10% $455	-5% $385	+0% $316	+5% $247	+10% $177
Rent	-10% $117	-5% $217	+0% $316	+5% $416	+10% $515
Rate	-1.0pp $439	-0.5pp $378	base $316	+0.5pp $253	+1.0pp $188

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: $61,225
• Closing costs: $7,347
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $244,900 Active 122 DOM
2. 2026-06-18
   days on market $244,900 Active 119 DOM
3. 2026-06-17
   days on market $244,900 Active 118 DOM
4. 2026-06-16
   days on market $244,900 Active 117 DOM
5. 2026-06-15
   days on market $244,900 Active 116 DOM
6. 2026-06-13
   days on market $244,900 Active 114 DOM
7. 2026-06-13
   days on market $244,900 Active 113 DOM
8. 2026-06-09
   days on market $244,900 Active 110 DOM
9. 2026-06-08
   days on market $244,900 Active 109 DOM
10. 2026-06-07
    days on market $244,900 Active 108 DOM
11. 2026-06-04
    days on market $244,900 Active 105 DOM
12. 2026-06-03
    days on market $244,900 Active 104 DOM
13. 2026-06-02
    days on market $244,900 Active 103 DOM
14. 2026-06-01
    days on market $244,900 Active 102 DOM
15. 2026-05-31
    days on market $244,900 Active 101 DOM
16. 2026-03-18
    price $249,000 1270-char remark

    Show marketing remark (1270 chars)

    PRICE IMPROVEMENT - ALL OFFERS CONSIDERED. Spacious Home on 1-Acre in Forney, TX + Bonus Apartment! Many updates completed, and extra space to make this home your own. This 2,660 sqft home offers 5 bedrooms and 2 bathrooms on a full 1-acre lot, featuring updated flooring and a cozy wood-burning fireplace. Big-ticket items have been handled with full roof replacement 2024, septic system 2023, and HVAC replaced in 2021. Out back, the spacious 1-acre setting is ideal for a small homestead—bring your chickens, start a garden, and enjoy the fruit trees with plenty of room for outdoor living and entertaining. A seasonal creek runs along the rear of the property, adding a natural touch without taking away from the usable land. A 2-bedroom, 1-bath unfinished apartment with its own entrance—perfect for a future guest suite, rental income opportunity, home office, or multigenerational living, finish-out needed. Two storage buildings, one with electricity and plumbing provide extra room for tools, equipment, or hobbies, and a 2-car carport adds convenient covered parking. NO HOA, NO MUD & NO PID Sold AS-IS—bring your vision and make it yours. Conveniently located near Forney and Rockwall amenities with the peace of country-style living!

17. 2026-02-18
    listed $259,000 Active 1270-char remark

    Show marketing remark (1270 chars)

    PRICE IMPROVEMENT - ALL OFFERS CONSIDERED. Spacious Home on 1-Acre in Forney, TX + Bonus Apartment! Many updates completed, and extra space to make this home your own. This 2,660 sqft home offers 5 bedrooms and 2 bathrooms on a full 1-acre lot, featuring updated flooring and a cozy wood-burning fireplace. Big-ticket items have been handled with full roof replacement 2024, septic system 2023, and HVAC replaced in 2021. Out back, the spacious 1-acre setting is ideal for a small homestead—bring your chickens, start a garden, and enjoy the fruit trees with plenty of room for outdoor living and entertaining. A seasonal creek runs along the rear of the property, adding a natural touch without taking away from the usable land. A 2-bedroom, 1-bath unfinished apartment with its own entrance—perfect for a future guest suite, rental income opportunity, home office, or multigenerational living, finish-out needed. Two storage buildings, one with electricity and plumbing provide extra room for tools, equipment, or hobbies, and a 2-car carport adds convenient covered parking. NO HOA, NO MUD & NO PID Sold AS-IS—bring your vision and make it yours. Conveniently located near Forney and Rockwall amenities with the peace of country-style living!

18. 2023-07-21
    soldstatus

ⓘ 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: $3,467 · $289/mo
• Projected year-2 tax: $4,482 · $373/mo
• Expected delta: +$1,014/yr (+$85/mo · 29.2%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 24 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,248
• − Mortgage interest: −$13,718
• − Property taxes: −$3,467
• − Insurance: −$1,224
• − Repairs & maintenance: −$2,420
• − Management: −$2,420
• − Depreciation: −$7,124
• Taxable loss: −$126
• Est. tax savings @ 24.0%: +$30
• After-tax cash flow: $3,823/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: 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 — McLendon-Chisholm

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Kaufman County · 122,338 people
• 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

-3.9% since first listed

3 events — show timeline

• 2026-03-18 Price Changed $249,000 NTREIS
• 2026-02-18 Listed $259,000 NTREIS
• 2023-07-21 Sold (Public Records) — Public Records

Property tax history

+9.7%/yr

Latest (2025): $3,467 · +20.1% YoY. Source: county tax records.