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7641 Bellingham Road Fort Worth, TX 76179

4 Beds 4 Baths 2,819 sqft Built 2020

$368,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $130.86
  • 6 Days on Market
  • MLS # : 14464646
  • Updated Date : 11/03/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,819 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ntex Realty, Lp

Listing Agent's Description

Introducing our new Big Cypress plan that is designed for the modern family! Featuring 4 beds with 3 full and 1 half baths, this two story home comes with a large living room, large gameroom, a private study, and a covered back patio – this is the kind of home you feel proud driving up to! The kitchen and dining space is designed for entertaining and includes 42” cabinets, granite countertops, and stainless steel appliances. Foam insulation and so much more make this the most energy efficient home you will come across!

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: 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
 

$332,010$405,790$368,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,361
Property Tax -$898
Property Insurance -$190
HOA -$29
Property Management Fees -$99
CASH FLOW
-$707

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.

$368,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.51%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,759

INVESTMENT

$99,759

Down Payment
$92,225
Rehab Estimate
$2,000
Closing Costs
$5,534

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,225
Loan Amount $276,675
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$25

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,846

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7753$1,7954$1,8705$1,895
$1,895
RENT COMPS ANALYSIS
  • 7641 Bellingham Road Fort Worth, TX 4
    • 4 beds 4 baths ∙ 2,819 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,819 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.66
    •  
  • 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
    •  
  • 6348 Apalachee Trail Fort Worth, TX 2
    • 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2007
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.59
    •  
  • 5244 Wheat Sheaf Trail Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2005
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 7424 Innisbrook Lane Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $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 #: 14464646
Last Updated: 11/03/2020
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