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1732 Bellinger Drive Fort Worth, TX 76052

3 Beds 3 Baths 3,212 sqft Built 2019

$421,500

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $131.23
  • 2 Days on Market
  • MLS # : 14489915
  • Updated Date : 12/26/2020 at 10:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,212 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Wellington is a planned community featuring lakes, acres of open greenspaces, walking trails, community pool and shaded playgrounds nestled conveniently between Alliance corridor and Eagle Mountain Lake. This bright, open floor plan offers quality upgrades including wood floors, home office, living room with tall ceiling and floor to ceiling windows for great light, open to spacious kitchen with huge island, lots of cabinets and granite counters, SS appl and gas cooktop. Breakfast room views the backyard with custom ceiling treatment, Mud bench near garage. Split owners suite complete with granite, dbl sinks and oversized closet including seasonal storage. Living area, bedroom, full bath up. Covered patio.

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: 76052

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76052

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$379,350$463,650$421,500

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,555
Property Tax -$966
Property Insurance -$213
HOA -$52
Property Management Fees -$99
CASH FLOW
-$735

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$421,500

PROJECTED PRICE

$2,150

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,698

INVESTMENT

$113,698

Down Payment
$105,375
Rehab Estimate
$2,000
Closing Costs
$6,323

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,555

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,375
Loan Amount $316,125
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$11

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,682

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,935
1$1,9352$2,1503$3,300
$3,300
RENT COMPS ANALYSIS
  • 1732 Bellinger Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 3,212 Sqft ∙ Built 2019 3 beds 3 baths ∙ 3,212 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.67
    •  
  • 10805 Middleglen Road Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2004
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,935
    • $0.67
    •  
  • 12768 Taylor Frances Lane Haslet, TX 3
    • 4 beds 3 baths ∙ 3,297 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,297 Sqft ∙ Built 2003
    LEASED 07/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
Paul Tosello
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489915
Last Updated: 12/26/2020
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