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13621 Ponderosa Ranch Road Fort Worth, TX 76262

4 Beds 2 Baths 1,912 sqft Built 2002

$234,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $122.86
  • 3 Days on Market
  • MLS # : 14475164
  • Updated Date : 11/20/2020 at 17:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,912 sqft
  • Baths : 2 full
Listing Agent

Synergy Realty

Listing Agent's Description

Photos coming soon. Don't miss this great opportunity to live in an established neighborhood in Northwest ISD. This 1 story home features 4 bedrooms, 2 full baths, wood-burning fireplace, and an open concept living & kitchen area. Quick access to major highways, shopping, multiple restaurants & airports! Flooring in the living area was updated in 2020. Secondary rooms are spacious. Come make this home yours.

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: Lost Creek Ranch West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $117k350k

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

Neighborhood: Lost Creek Ranch West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9362579

* 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
J. Lyndal Hughes Elementary School Primary Regular 547 35 5
John M. Tidwell Middle School Middle Regular 1,048 65 8

J. Lyndal Hughes Elementary School

  • Education Level: Primary
  • # of students: 547
  • # of teachers: 35
5
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$867
Property Tax -$538
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
$48

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.

$234,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$16,324

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,745

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,598
1$1,5982$1,6503$1,6904$1,7005$1,725
$1,725
RENT COMPS ANALYSIS
  • 13621 Ponderosa Ranch Road Fort Worth, TX 3
    • 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.88
    •  
  • 3621 Desert Mesa Road Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 2003
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,598
    • $0.86
    •  
  • 13717 Canyon Ranch Road Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2004
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 13409 Dove Ranch Road Fort Worth, TX 4
    • 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,859 Sqft ∙ Built 2003
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 3625 Cripple Creek Trail Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 2000
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.93
    •  
PROPERTY LISTING DETAILS
Teresa Orosco
Synergy Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475164
Last Updated: 11/20/2020
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