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B+
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$583,000

240 Hope Cir, Murphy, TX, 75094

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,010 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.66 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters

Building Information

Year Built2001
Stories2
Roof Type105
Garage Spaces1

Land Information

APNR-4285-00B-0060-1
Lot Number6
SubdivisionWindy Hill Farms Phase 4 (Cmr)
Land UseResidential
Legal DescriptionWINDY HILL FARMS PHASE 4 (CMR), BLK B, LOT 6
Census Tract031327
Assessed Land Value$147,000
Assessed Improvement Value$399,810
Assessment Year2025

About this property

BACK ON MARKET, BUYER GOT COLD FEET, their loss is your gain!!! This beautiful home is located in desirable, sought after Windy Hill Farms convenient to all of Murphy's amenities. Excellent curb appeal with side entry garage, attractive landscaping and fresh exterior paint. Once you walk in you are greeted by lovely stacked formals, souring ceilings and an office separate from the rest of the home. Continue to the main living areas with large kitchen complete with granite countertops and island workspace with wide open views to the living, nook and oversized backyard. Primary bedroom with 2 separate closets is conveniently located downstairs and separated from the rest of the home. Have a look upstairs to find a Texas sized gameroom or media room, 3 generously sized bedrooms that share the full bathroom. The entire house has been freshly painted, inside and out, LVP recently installed, extensive drainage system installed so no ponding water on property, foundation drip lines.

Investor Tools

Property Icon
$583,000
Estimated Property Value
$82,000Estimated Mortgage Balance
$503,313Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,498 /month
Positive
Cash Flow Estimate:
$1,166 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$769/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,313
$546,810
2025
$147,000
$399,810
$546,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,313
$546,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Credit Line (Revolving) / Heloc
$82,000
No
First
Oct 23, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$79,687
$503,313
86%
14%
$492/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$1,242/mo
+$2,618/mo
7.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Murphy

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240 Hope Cir | Property Details | No Agent List