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11824 Ponderosa Pine Drive Fort Worth, TX 76244

3 Beds 2 Baths 1,804 sqft Built 2002

$259,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $143.57
  • 6 Days on Market
  • MLS # : 14521454
  • Updated Date : 02/26/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,804 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors/fm

Listing Agent's Description

Cute, cute 1 story home in sought after Villages of Woodland Springs w community amenities & excellent Keller ISD. 3 beds, 2 living, 2 baths w open living, dining & kitchen concept. Warm wood look vinyl plank & ceramic tile floors - no carpet here! High ceilings, light & bright floor plan, art niches & more. Fam room has gas log FP w wood mantle. Kit feat granite c-tops, subway tile, brkfst bar for extra seating, WI pantry & deep window seat in brkfst area. Mstr boasts bath w granite c-top, sep shower, garden tub, dual sinks & WIC. Great comm amenities including pools, playground, parks & pond. Excellent location close to commuter roads, shopping, restaurants & entertainment. This home is ready for move in!

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Villages of Woodland Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Independence Elementary School Primary Regular 458 33 6
Timbercreek High School High Regular 2,957 160 8
Independence Elementary School Primary Unknown NA

Independence Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 33
6
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating

Independence Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$900
Property Tax -$594
Property Insurance -$131
HOA -$50
Property Management Fees -$99
CASH FLOW
-$113

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$259,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$3,856

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,660

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,669

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,6453$1,6504$1,6605$1,750
$1,750
RENT COMPS ANALYSIS
  • 11824 Ponderosa Pine Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.92
    •  
  • 11569 Petunia Drive Fort Worth, TX 1
    • 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2003
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.90
    •  
  • 11709 Pinyon Pine Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 2002
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.92
    •  
  • 11504 Aspen Creek Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 2003
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 12024 Gold Creek Drive Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 2001
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jean M Seth
Ebby Halliday, Realtors/fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521454
Last Updated: 02/26/2021
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