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$304,900

318 Preakness Ln, Ponder, TX, 76259

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,575 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$193.59 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater
FlooringCarpet, Ceramic Tile

Exterior

Lot Size6,882 sqft

Building Information

Year Built2017
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR702161
Lot Number10
SubdivisionRemington Park Phase 5
Land UseResidential
Legal DescriptionREMINGTON PARK PHASE 5 BLK 9 LOT 10
Census Tract020314
Assessed Land Value$55,986
Assessed Improvement Value$240,593
Assessment Year2025

About this property

Great starter home. 4 Split Bedrooms Fresh paint and new carpet. Kitchen has new SS appliances and granite. All new carpet. Small covered patio. New Roof.

Investor Tools

Property Icon
$296,579
Estimated Property Value
$255,000Estimated Mortgage Balance
$55,607Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,829 /month
Positive
Cash Flow Estimate:
$610 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$621/month
$175/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,964
$296,579
2025
$55,986
$240,593
$296,579
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,964
$296,579

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Conventional
$255,000
No
First
May 26, 2023
Jun 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,972
$55,607
18%
81%
$1,529/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,730/mo
$1,704/mo
+$1,026/mo
11.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Ponder

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