2316 Pontotoc Drive
About This Property
Buyers Financing fell through.
Welcome home to this move-in ready single-story residence in the highly desirable Travis Ranch community! Built by D.R. Horton, this 1,905 sq ft home features a smart, open-concept floor plan offering a spacious living area bathed in natural light, flowing into a functional kitchen with abundant storage, continuous counter space, and a large dining area.
The private primary suite serves as a relaxing retreat, featuring a generous layout, ensuite bath, and large walk-in closet. Outside, enjoy a low-maintenance, fully fenced backyard ideal for relaxing or hosting weekend BBQs.
Residents enjoy premier neighborhood amenities, including a resort-style pool, splash park, community pavilion, playgrounds, and walking trails along Lake Ray Hubbard. Best of all, top-rated Forney ISD schools-including Lewis Elementary right inside the community-are just minutes from your front door, with quick access to US-80 for an easy commute into Dallas.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2026 | Price Decreased |
$224,900
↓ $4K
(1.8%) | |
| Price Decreased | |||
| Oct 8, 2026 | Relisted | $229,000 | |
| Relisted | |||
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2026 | Listed by Top Brokerage LLC | $229,000 | |
| Listed by Top Brokerage LLC | |||
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Last Updated: 12 days ago
Data Source: NTREIS MLS, MLS# 21390674
Details provided by NTREIS and may not match the public record
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