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7625 Bellingham Road Fort Worth, TX 76179

3 Beds 2 Baths 2,003 sqft Built 2020

$314,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $157.21
  • 3 Days on Market
  • MLS # : 14481407
  • Updated Date : 12/04/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,003 sqft
  • Baths : 2 full
Listing Agent

Ntex Realty, Lp

Listing Agent's Description

Check out this 3-bedroom, 2-bathroom home with a 3 car garage, sliding barn door oversized covered patio on an oversized homesite! Walking into the grand foyer you’ll find yourself right at the entrance of the kitchen being welcomed by scents of freshly-baked cookies or a mouthwatering meal being prepared. Through the kitchen, you’ll find the cabinets open to the dining and living rooms at the heart of the home. The owner’s suite is nicely situated in the back corner with its own hallway to create the feel of your own private getaway. This floor plan offers one of our largest walk-in closets; we’ve maximized the space to offer enough room to change into that perfect outfit!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76179

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
Lake Pointe Elementary School Primary Regular 664 35 8
Creekview Middle School Middle Regular 801 47 7
Boswell High School High Regular 1,605 106 7

Lake Pointe Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 35
8
GreatSchools Rating

Creekview Middle School

  • Education Level: Middle
  • # of students: 801
  • # of teachers: 47
7
GreatSchools Rating

Boswell High School

  • Education Level: High
  • # of students: 1,605
  • # of teachers: 106
7
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,162
Property Tax -$766
Property Insurance -$143
HOA -$29
Property Management Fees -$99
CASH FLOW
-$399

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$314,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
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-$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$85,449

INVESTMENT

$85,449

Down Payment
$78,725
Rehab Estimate
$2,000
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$91

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,6954$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 7625 Bellingham Road Fort Worth, TX 5
    • 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 7521 Innisbrook Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 2015
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 6244 Topsail Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 2018
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 6256 Topsail Drive Fort Worth, TX 3
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2018
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 6065 Lochshire Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 2014
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
PROPERTY LISTING DETAILS
Clinton Shipley
Ntex Realty, Lp
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481407
Last Updated: 12/04/2020
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