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2413 Buelingo Lane Fort Worth, TX 76131

4 Beds 3 Baths 2,794 sqft Built 2017

$345,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $123.48
  • 1 Days on Market
  • MLS # : 14532586
  • Updated Date : 03/13/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,794 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Beautiful finishes and designer touches throughout this Claypool floorplan definitely sets it apart. Granite, stainless, extensive crown, custom electric fireplace. Working from home is ideal with separate office featuring custom designed french doors. Feel pampered in the master suite tucked away for privacy. Master bath features barn door entry, sep soaking tub. Oversized master closet offers room for safe & more. Upstairs you'll find a large gameroom w tray ceiling & three oversized bedrooms. Large closets. Kitchen is open to family room & features large serving bar. Flooring is updated w tasteful laminate wood in popular grey tones. Backyard offers plenty of room to play. Shed and playhouse stay. Must See!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Sunset Valley Elementary School Primary Regular NA
Fossil Ridge High School High Regular 2,308 133 7
Sunset Valley Elementary School Primary Unknown NA

Sunset Valley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Fossil Ridge High School

  • Education Level: High
  • # of students: 2,308
  • # of teachers: 133
7
GreatSchools Rating

Sunset Valley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,198
Property Tax -$791
Property Insurance -$189
HOA -$52
Property Management Fees -$99
CASH FLOW
-$379

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$345,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,193

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,2004$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 2413 Buelingo Lane Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.70
    •  
  • 7628 Indigo Ridge Drive Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2005
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.71
    •  
  • 7740 Anatolian Way Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2015
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 2305 Simmental Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2016
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 7833 Tudanca Trail Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2016
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
PROPERTY LISTING DETAILS
Lynn Wilson
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532586
Last Updated: 03/13/2021
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