Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12808 Cold Spring Lane Ponder, TX 76259

4 Beds 3 Baths 2,734 sqft Built 2021

$447,780

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $163.78
  • 3 Days on Market
  • MLS # : 14514035
  • Updated Date : 02/05/2021 at 14:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,734 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ntex Realty, Lp

Listing Agent's Description

The Sabine is THE place to call, “home”! The large entry way opens to a spacious family room with bright windows looking out to the massive back patio. This great floor plan offers a Media or Game room option located off the Family room with a powder bath! . Between the large social island, stunning master suite bath, large kitchen island and oversized utility room, you really could not ask for anything more. This one story gem has everything you want which makes the Sabine a perfect place to call “home”

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Ranchman's Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $106k391k

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

Neighborhood: Ranchman's Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $8052353

* 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
Ponder Elementary School Primary Regular 610 43 5
Ponder Junior High School Middle Regular 291 21 7
Ponder High School High Regular 399 29 4

Ponder Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 43
5
GreatSchools Rating

Ponder Junior High School

  • Education Level: Middle
  • # of students: 291
  • # of teachers: 21
7
GreatSchools Rating

Ponder High School

  • Education Level: High
  • # of students: 399
  • # of teachers: 29
4
GreatSchools Rating
 

$403,002$492,558$447,780

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,555
Property Tax -$870
Property Insurance -$185
HOA -$41
Property Management Fees -$99
CASH FLOW
-$950

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$447,780

PROJECTED PRICE

$1,800

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,662

INVESTMENT

$120,662

Down Payment
$111,945
Rehab Estimate
$2,000
Closing Costs
$6,717

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,555

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,945
Loan Amount $335,835
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$54

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,777

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,800
$1,800
RENT COMPS ANALYSIS
  • 12808 Cold Spring Lane Ponder, TX 2
    • 4 beds 3 baths ∙ 2,734 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,734 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.66
    •  
  • 521 Del Mar Drive Ponder, TX 1
    • 3 beds 4 baths ∙ 2,627 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,627 Sqft ∙ Built 2006
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
PROPERTY LISTING DETAILS
Clinton Shipley
Ntex Realty, Lp
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514035
Last Updated: 02/05/2021
BESbswy