628 Merrill DrBedfordTX76022
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Bedford at 628 Merrill Dr, Bedford, TX, 76022 priced at $459,300 converts $3,486/mo rent into $220/mo cash flow after a $2,248/mo obligation. Total monthly income equals $3,486/mo, and annual cash flow totals $2,639/yr on $152,258 invested. Return on cash invested prints 21.64% in year one, and rental yield reads 9.11% against a $459,300 entry. Equity gained on principal adds $2,964/yr, while 5% annual appreciation compiles into $126,896 by year five. Five-year ROI reaches 113.33% and total cumulative return in cash sums $172,558. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,486/mo property income covering a $2,248/mo payment, not borrower’s personal income.
Single Family
Built in 2004
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76022, Bedford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,414 (100%) |
| Owner Occupied HU | 3,105 (48.4%) |
| Renter Occupied HU | 2,975 (46.4%) |
| Vacant Housing Units | 334 ( 5.2%) |
| Median Home Value | $304,279 |
| Average Home Value | $371,315 |
Housing Distribution
Address Breakdown
Residential
6,288
Single Family
4,160
Multi-Family
2,128
Businesses
427
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Listed by: Josie Powell • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #20952920
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.