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

845 Poncho Lane Fort Worth, TX 76052

3 Beds 2 Baths 1,504 sqft Built 2005

INVESTimate

$219,900

List Price

$1,530

$1,377 - $1,683

Rent Est.

$239,581  ( +8.95%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $146.21
  • 10 Days on Market
  • MLS # : 14415322
  • Updated Date : 08/23/2020 at 18:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,504 sqft
  • Baths : 2 full
Listing Agent

Clear Direction Real Estate

Listing Agent's Description

This is the gem you have been waiting for! Pristine, updated home features corner lot, split bedrooms, eat in kitchen with breakfast bar! NEW HVAC, ROOF, FLOORING, APPLIANCES, & PAINT in the last 2 years for your low maintenance lifestyle! Exterior fiber cement siding, added screened in porch offers outdoor living spaces, epoxy coated garage floor, sprinkler system, recent new fencing (including metal poles), nicely maintained and improved yard!

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

Neighborhood: Sendera Ranch East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k336k

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

Neighborhood: Sendera Ranch East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10842171

* 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
Truett Wilson Middle School Middle Unknown 844 58 NA
Byron Nelson High School High Regular 2,552 147 8

Truett Wilson Middle School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 58
NA
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students: 2,552
  • # of teachers: 147
8
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$811
Property Tax -$504
Property Insurance -$114
HOA -$46
Property Management Fees -$99
CASH FLOW
-$45

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.

$219,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.95%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,809

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,527

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5303$1,5504$1,5755$1,595
$1,595
RENT COMPS ANALYSIS
  • 845 Poncho Lane Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.02
    •  
  • 14013 Firebush Lane Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2006
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 837 Santa Rosa Drive Fort Worth, TX 3
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2008
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
  • 14208 Tijuana Trail Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 2005
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.02
    •  
  • 14036 Coyote Trail Fort Worth, TX 5
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2006
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kim Marin
Clear Direction Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415322
Last Updated: 08/23/2020
BESbswy