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7637 Bellingham Road Fort Worth, TX 76179

4 Beds 4 Baths 2,858 sqft Built 2021

$357,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $125.23
  • 6 Days on Market
  • MLS # : 14511363
  • Updated Date : 02/02/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,858 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ntex Realty, Lp

Listing Agent's Description

Upon entering the home from the two-car garage, you’ll walk through the mudroom with a built-in storage bench and pass the walk-in pantry and separate laundry room. The gourmet kitchen includes an island with overhang for seating, extravagant storage options and lots of counter space. Past the kitchen is the open-concept dining and family room that can be laid out to meet the needs and style preferences of your family. Through a short hallway you’ll find the oversized owner suite with a double-sink, jacuzzi tub, separate shower and walk-in closet. Finishing off the main floor is a powder room and a flex room toward the front of the house that can be used as a home office, virtual learning space or playroom.

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: 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

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

$322,110$393,690$357,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,243
Property Tax -$820
Property Insurance -$192
HOA -$29
Property Management Fees -$99
CASH FLOW
-$374

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.

$357,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.56%

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$96,844

INVESTMENT

$96,844

Down Payment
$89,475
Rehab Estimate
$2,000
Closing Costs
$5,369

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,243

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,475
Loan Amount $268,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$287

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,993

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8953$1,8954$1,9905$2,010
$2,010
RENT COMPS ANALYSIS
  • 7637 Bellingham Road Fort Worth, TX 5
    • 4 beds 4 baths ∙ 2,858 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,858 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.70
    •  
  • 5120 Parkview Hills Lane Fort Worth, TX 1
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2007
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.64
    •  
  • 6276 Topsail Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2018
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.73
    •  
  • 7424 Innisbrook Lane Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 6049 Deck House Road Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2013
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.71
    •  
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 #: 14511363
Last Updated: 02/02/2021
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