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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

7108 Lowery Ln N Richland Hills, TX 76182

3 Beds 2 Baths 1,137 sqft Built 1971
Last updated:  Oct 23, 2019

INVESTimate

$226,558

$209K - $244K

Price Est.

$1,398

$1.3K - $1.5K

Rent Est.

$247,152  ( +9.09%)   1 YR EST. FORECAST
  
  
  

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7108 Lowery Ln PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $199.26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,137 sqft
  • Baths : 2 Full

7108 Lowery Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SMITHFIELD ELEMENTARY SCHOOL Primary Regular 467 27 8
SMITHFIELD MIDDLE SCHOOL Middle Regular 752 43 9
BIRDVILLE HIGH SCHOOL High Regular 1,905 113 7

SMITHFIELD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 467
  • # of teachers: 27
8
GreatSchools Rating

SMITHFIELD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 752
  • # of teachers: 43
9
GreatSchools Rating

BIRDVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,905
  • # of teachers: 113
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Smithfield Acres

  • 427

    POPULATION
  • 173

    HOUSEHOLDS
  • 66.8%

    WHITE COLLAR

Neighborhood : Smithfield Acres

HOUSEHOLDS
173
POPULATION

427

8.8%Renters
91.2%Home Owners
LABOR FORCE

 

66.8%White Collar
33.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,398 per month.

MY RENT : $1,398 MEDIAN RENT : $1,449

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 64.1%
>=$1,500 35.9%
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 $1,398 would therefore be considered affordable for annual household incomes greater than $55,920 (12 months x 3.333 x $1,398).

Rent % Affordability
Above $500 86.0%
Above $700 80.5%
Above $1,100 63.5%
Above $1,500 51.2%
Above $1,900 36.7%
HOUSEHOLD INCOME RANGE

Approximately 90 of households in this neighborhood have a total annual income of $55,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,398 per month.

MINIMUM INCOME RANGE : $55,920

Income % Distribution
<$20K 14.0%
$20K-$35K 16.3%
$35K-$60K 18.6%
$60K-$100K 26.7%
>=$100K 24.4%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.4%
5-9 mins 0.0%
10-14 mins 13.4%
15-19 mins 14.9%
20-29 mins 8.4%
30-44 mins 45.0%
45-59 mins 8.9%
>60 mins 3.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,398 per month.

MY RENT : $1,398 MEDIAN RENT : $1,449

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 64.1%
>=$1,500 35.9%
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 $1,398 would therefore be considered affordable for annual household incomes greater than $55,920 (12 months x 3.333 x $1,398).

Rent % Affordability
Above $500 86.0%
Above $700 80.5%
Above $1,100 63.5%
Above $1,500 51.2%
Above $1,900 36.7%
HOUSEHOLD INCOME RANGE

Approximately 90 of households in this neighborhood have a total annual income of $55,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,398 per month.

MINIMUM INCOME RANGE : $55,920

Income % Distribution
<$20K 14.0%
$20K-$35K 16.3%
$35K-$60K 18.6%
$60K-$100K 26.7%
>=$100K 24.4%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.4%
5-9 mins 0.0%
10-14 mins 13.4%
15-19 mins 14.9%
20-29 mins 8.4%
30-44 mins 45.0%
45-59 mins 8.9%
>60 mins 3.0%

Smithfield Acres Demographics

INDUSTRY

Industry % Distribution
Educational Services 17.5%
Health Care & Social Assistance 7.5%
Manufacturing 10.5%
Professional & Scientific Tech Services 19.3%
Retail & Wholesale Trader 21.1%
Transportation 11.8%
Other 12.3%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 30% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 7.7%
15-19 11.9%
20-24 9.8%
25-44 6.6%
45-65 43.8%
66+ 20.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.0%
Construction 7.0%
Management, Business, & Financial 28.7%
Natural Resources Maintenance 11.6%
Production & Transportation 17.1%
Sales & Office 23.3%
Other 5.4%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.0%
High School 37.3%
Masters Degree 7.3%
Some College 23.7%
Some High School 3.1%
Other 20.6%

7108 Lowery Ln Comps

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7108 Lowery Ln, N Richland Hills, TX 76182 is a single family home of 1,137 sqft. HomeUnion INVESTimateĀ® for 7108 Lowery Ln includes a Price Estimate of $226,558 and a Rent Estimate of $1,398. This single family home has 3 bedrooms,2 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 7.40% and Total Return of 27.53%. The estimated 1 year forecast in home value for 7108 Lowery Ln is 9.09%.

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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