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3401 Murphy Drive Bedford, TX 76021

3 Beds 2 Baths 1,410 sqft Built 1982

$250,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $177.30
  • 2 Days on Market
  • MLS # : 14514369
  • Updated Date : 02/06/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,410 sqft
  • Baths : 2 full
Listing Agent

Christie's Int'l Ulterre

Listing Agent's Description

This beautifully built, fully updated 3 bedroom, 2ba 1410 sq ft home is ready for you. House has awesome curb appeal with AC that's less than a year old. Hardwood floors, fresh paint, gutters, granite countertops and recessed lighting. This stunner has a great layout, with windows overlooking the huge backyard for entertaining. This bright sunshiny home is great for entertaining, while watching the game and cooking out. A fabulous kitchen boasting stainless steel appliances, electric cook-top with oven, and pantry. The large master includes a walk-in closet, and tile shower. This is a must see in a fantastic location. Highly sought after HEBISD. Get here quick this listing won't last long.

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

Neighborhood: Meadow Wood

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $122k265k

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

Neighborhood: Meadow Wood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $10001881

* 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
Trinity High School High Regular 2,416 136 7

Trinity High School

  • Education Level: High
  • # of students: 2,416
  • # of teachers: 136
7
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$868
Property Tax -$506
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
$118

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.

$250,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$21,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,533

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6753$1,7004$1,7505$1,895
$1,895
RENT COMPS ANALYSIS
  • 3401 Murphy Drive Bedford, TX 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.21
    •  
  • 3309 S Sage Court Bedford, TX 1
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1985
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.10
    •  
  • 3108 Whisperwood Lane Bedford, TX 2
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1979
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.07
    •  
  • 3004 Bent Tree Lane Bedford, TX 4
    • 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1978
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
  • 3416 Primrose Lane Bedford, TX 5
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1983
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.08
    •  
PROPERTY LISTING DETAILS
Garret Pickard
Christie's Int'l Ulterre
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514369
Last Updated: 02/06/2021
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