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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

7113 Meandering Ct N Richland Hills, TX 76182

5 Beds 2 Baths 2,473 sqft Built 1994
Last updated:  Oct 23, 2019

INVESTimate

$363,428

$335K - $392K

Price Est.

$2,421

$2.2K - $2.6K

Rent Est.

$400,316  ( +10.15%)   1 YR EST. FORECAST
  
  
  

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7113 Meandering Ct PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $146.96
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,473 sqft
  • Baths : 2 Full

7113 Meandering Ct SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
W. A. PORTER ELEMENTARY SCHOOL Primary Regular 472 25 9
SMITHFIELD MIDDLE SCHOOL Middle Regular 752 43 9
BIRDVILLE HIGH SCHOOL High Regular 1,905 113 7

W. A. PORTER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 25
9
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

Oak Hills

  • 680

    POPULATION
  • 233

    HOUSEHOLDS
  • 78.8%

    WHITE COLLAR

Neighborhood : Oak Hills

HOUSEHOLDS
233
POPULATION

680

9.1%Renters
90.9%Home Owners
LABOR FORCE

 

78.8%White Collar
21.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,421 per month.

MY RENT : $2,421 MEDIAN RENT : $2,060

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.0%
>=$1,500 95.0%
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 $2,421 would therefore be considered affordable for annual household incomes greater than $96,840 (12 months x 3.333 x $2,421).

Rent % Affordability
Above $500 97.0%
Above $700 92.7%
Above $1,100 85.3%
Above $1,500 69.6%
Above $1,900 56.5%
HOUSEHOLD INCOME RANGE

Approximately 104 of households in this neighborhood have a total annual income of $96,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,421 per month.

MINIMUM INCOME RANGE : $96,840

Income % Distribution
<$20K 3.0%
$20K-$35K 6.5%
$35K-$60K 20.9%
$60K-$100K 25.2%
>=$100K 44.3%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 3.1%
10-14 mins 10.0%
15-19 mins 14.2%
20-29 mins 27.9%
30-44 mins 29.9%
45-59 mins 8.8%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,421 per month.

MY RENT : $2,421 MEDIAN RENT : $2,060

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.0%
>=$1,500 95.0%
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 $2,421 would therefore be considered affordable for annual household incomes greater than $96,840 (12 months x 3.333 x $2,421).

Rent % Affordability
Above $500 97.0%
Above $700 92.7%
Above $1,100 85.3%
Above $1,500 69.6%
Above $1,900 56.5%
HOUSEHOLD INCOME RANGE

Approximately 104 of households in this neighborhood have a total annual income of $96,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,421 per month.

MINIMUM INCOME RANGE : $96,840

Income % Distribution
<$20K 3.0%
$20K-$35K 6.5%
$35K-$60K 20.9%
$60K-$100K 25.2%
>=$100K 44.3%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 3.1%
10-14 mins 10.0%
15-19 mins 14.2%
20-29 mins 27.9%
30-44 mins 29.9%
45-59 mins 8.8%
>60 mins 5.4%

Oak Hills Demographics

INDUSTRY

Industry % Distribution
Educational Services 13.3%
Financial Industries 7.9%
Health Care & Social Assistance 9.2%
Manufacturing 12.7%
Retail & Wholesale Trader 19.5%
Transportation 8.1%
Other 29.3%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 29% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 16.9%
15-19 6.6%
20-24 5.9%
25-44 21.3%
45-65 37.6%
66+ 11.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.0%
Construction 6.0%
Healthcare 8.6%
Management, Business, & Financial 24.6%
Production & Transportation 7.6%
Sales & Office 25.9%
Other 17.3%
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 9.0%
High School 25.8%
Masters Degree 6.9%
Some College 25.6%
Some High School 3.8%
Other 29.0%

7113 Meandering Ct Comps

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7113 Meandering Ct, N Richland Hills, TX 76182 is a single family home of 2,473 sqft. HomeUnion INVESTimateĀ® for 7113 Meandering Ct includes a Price Estimate of $363,428 and a Rent Estimate of $2,421. This single family home has 5 bedrooms,2 bathrooms, and was built in 1994. This property has an estimated 15 year annualized Yield of 7.99% and Total Return of 30.07%. The estimated 1 year forecast in home value for 7113 Meandering Ct is 10.15%.

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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