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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

6728 Fair Oaks Dr N Richland Hills, TX 76182

3 Beds 2 Baths 1,581 sqft Built 1985
Last updated:  Oct 23, 2019

INVESTimate

$285,384

$263K - $308K

Price Est.

$1,597

$1.5K - $1.7K

Rent Est.

$316,091  ( +10.76%)   1 YR EST. FORECAST
  
  
  

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6728 Fair Oaks Dr PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $180.51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,581 sqft
  • Baths : 2 Full

6728 Fair Oaks Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTH RIDGE ELEMENTARY SCHOOL Primary Regular 608 36 8
NORTH RIDGE MIDDLE SCHOOL Middle Regular 814 48 9
NORTH RIDGE MIDDLE SCHOOL High Regular 814 48 9

NORTH RIDGE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 608
  • # of teachers: 36
8
GreatSchools Rating

NORTH RIDGE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 48
9
GreatSchools Rating

NORTH RIDGE MIDDLE SCHOOL

  • Education Level: High
  • # of students: 814
  • # of teachers: 48
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Foster Village

  • 7,410

    POPULATION
  • 2,523

    HOUSEHOLDS
  • 66.4%

    WHITE COLLAR

Neighborhood : Foster Village

HOUSEHOLDS
2,523
POPULATION

7,410

21.2%Renters
78.8%Home Owners
LABOR FORCE

 

66.4%White Collar
33.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,597 per month.

MY RENT : $1,597 MEDIAN RENT : $1,553

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.8%
>=$1,500 64.2%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,597 would therefore be considered affordable for annual household incomes greater than $63,880 (12 months x 3.333 x $1,597).

Rent % Affordability
Above $500 95.3%
Above $700 92.0%
Above $1,100 83.1%
Above $1,500 66.0%
Above $1,900 52.1%
HOUSEHOLD INCOME RANGE

Approximately 1,121 of households in this neighborhood have a total annual income of $63,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,597 per month.

MINIMUM INCOME RANGE : $63,880

Income % Distribution
<$20K 4.7%
$20K-$35K 7.1%
$35K-$60K 22.1%
$60K-$100K 33.7%
>=$100K 32.3%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 3.0%
10-14 mins 5.0%
15-19 mins 11.2%
20-29 mins 21.6%
30-44 mins 34.8%
45-59 mins 13.2%
>60 mins 9.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,597 per month.

MY RENT : $1,597 MEDIAN RENT : $1,553

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.8%
>=$1,500 64.2%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,597 would therefore be considered affordable for annual household incomes greater than $63,880 (12 months x 3.333 x $1,597).

Rent % Affordability
Above $500 95.3%
Above $700 92.0%
Above $1,100 83.1%
Above $1,500 66.0%
Above $1,900 52.1%
HOUSEHOLD INCOME RANGE

Approximately 1,121 of households in this neighborhood have a total annual income of $63,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,597 per month.

MINIMUM INCOME RANGE : $63,880

Income % Distribution
<$20K 4.7%
$20K-$35K 7.1%
$35K-$60K 22.1%
$60K-$100K 33.7%
>=$100K 32.3%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 3.0%
10-14 mins 5.0%
15-19 mins 11.2%
20-29 mins 21.6%
30-44 mins 34.8%
45-59 mins 13.2%
>60 mins 9.9%

Foster Village Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.0%
Educational Services 7.1%
Health Care & Social Assistance 11.6%
Manufacturing 9.5%
Retail & Wholesale Trader 15.5%
Transportation 10.2%
Other 38.0%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 35% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 21.4%
15-19 8.9%
20-24 4.3%
25-44 29.5%
45-65 27.7%
66+ 8.2%
OCCUPATION

Occupation % Distribution
Construction 5.7%
Healthcare 7.4%
Management, Business, & Financial 22.8%
Natural Resources Maintenance 10.1%
Production & Transportation 9.4%
Sales & Office 26.9%
Other 17.8%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.3%
High School 23.3%
Masters Degree 6.0%
Some College 31.4%
Some High School 9.8%
Other 19.2%

6728 Fair Oaks Dr Comps

Sorry, we do not have sufficient data available.

6728 Fair Oaks Dr, N Richland Hills, TX 76182 is a single family home of 1,581 sqft. HomeUnion INVESTimateĀ® for 6728 Fair Oaks Dr includes a Price Estimate of $285,384 and a Rent Estimate of $1,597. This single family home has 3 bedrooms,2 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 6.72% and Total Return of 27.94%. The estimated 1 year forecast in home value for 6728 Fair Oaks Dr is 10.76%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , TARRANT County , or the 76182 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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