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345 Chestnut Lane Ponder, TX 76259

4 Beds 2 Baths 1,561 sqft Built 2016

INVESTimate

$249,900

List Price

$1,600

$1,440 - $1,760

Rent Est.

$274,090  ( +9.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $160.09
  • 5 Days on Market
  • MLS # : 14419187
  • Updated Date : 08/22/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,561 sqft
  • Baths : 2 full
Listing Agent

Era Cornerstone Realty

Listing Agent's Description

This adorable four bedroom two bath home has everything you need. The neighborhood is perfect for an evening stroll or for a longer walk you can take the walking trails. It is just around the corner from the park that has a playground and basketball court! The split living arrangement is an ideal set up and there is plenty of room out back to lounge by the pool. The backyard is the perfect place for entertaining. In the evening you can enjoy controlling the color-changing LED pool lights with an app! This home is a must see and will not last long! Come check it out!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76259

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $106k336k

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

Zip Code: 76259

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8052171

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$922
Property Tax -$680
Property Insurance -$117
HOA -$15
Property Management Fees -$99
CASH FLOW
-$233

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.

$249,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$740

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,608

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,6004$1,6005$1,625
$1,625
RENT COMPS ANALYSIS
  • 345 Chestnut Lane Ponder, TX 4
    • 4 beds 2 baths ∙ 1,561 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,561 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 208 E Doyle Street Ponder, TX 1
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2019
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 514 Del Mar Drive Ponder, TX 2
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 210 E Doyle Street Ponder, TX 3
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2019
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 404 Gulf Stream Ponder, TX 5
    • 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 2016
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jamie Lasuzzo-cook
Era Cornerstone Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419187
Last Updated: 08/22/2020
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