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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

7116 Chapman Dr N Richland Hills, TX 76182

3 Beds 2 Baths 1,423 sqft Built 1977
Last updated:  Oct 23, 2019

INVESTimate

$236,048

$218K - $254K

Price Est.

$1,470

$1.4K - $1.6K

Rent Est.

$268,811  ( +13.88%)   1 YR EST. FORECAST
  
  
  

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7116 Chapman Dr PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $165.88
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,423 sqft
  • Baths : 2 Full

7116 Chapman Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FOSTER VILLAGE ELEMENTARY SCHOOL Primary Regular 546 31 8
NORTH RIDGE MIDDLE SCHOOL Middle Regular 814 48 9
NORTH RIDGE MIDDLE SCHOOL High Regular 814 48 9

FOSTER VILLAGE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 31
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

North Park Estates

  • 2,305

    POPULATION
  • 786

    HOUSEHOLDS
  • 51.1%

    WHITE COLLAR

Neighborhood : North Park Estates

HOUSEHOLDS
786
POPULATION

2,305

32.6%Renters
67.4%Home Owners
LABOR FORCE

 

51.1%White Collar
48.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 19% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,470 per month.

MY RENT : $1,470 MEDIAN RENT : $1,427

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 86.7%
>=$1,500 13.3%
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 $1,470 would therefore be considered affordable for annual household incomes greater than $58,800 (12 months x 3.333 x $1,470).

Rent % Affordability
Above $500 91.4%
Above $700 88.2%
Above $1,100 69.2%
Above $1,500 45.9%
Above $1,900 30.2%
HOUSEHOLD INCOME RANGE

Approximately 367 of households in this neighborhood have a total annual income of $58,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,470 per month.

MINIMUM INCOME RANGE : $58,800

Income % Distribution
<$20K 8.6%
$20K-$35K 12.1%
$35K-$60K 33.4%
$60K-$100K 34.5%
>=$100K 11.4%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.2%
5-9 mins 5.3%
10-14 mins 16.1%
15-19 mins 15.6%
20-29 mins 26.6%
30-44 mins 21.6%
45-59 mins 11.0%
>60 mins 3.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 19% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,470 per month.

MY RENT : $1,470 MEDIAN RENT : $1,427

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 86.7%
>=$1,500 13.3%
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 $1,470 would therefore be considered affordable for annual household incomes greater than $58,800 (12 months x 3.333 x $1,470).

Rent % Affordability
Above $500 91.4%
Above $700 88.2%
Above $1,100 69.2%
Above $1,500 45.9%
Above $1,900 30.2%
HOUSEHOLD INCOME RANGE

Approximately 367 of households in this neighborhood have a total annual income of $58,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,470 per month.

MINIMUM INCOME RANGE : $58,800

Income % Distribution
<$20K 8.6%
$20K-$35K 12.1%
$35K-$60K 33.4%
$60K-$100K 34.5%
>=$100K 11.4%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.2%
5-9 mins 5.3%
10-14 mins 16.1%
15-19 mins 15.6%
20-29 mins 26.6%
30-44 mins 21.6%
45-59 mins 11.0%
>60 mins 3.5%

North Park Estates Demographics

INDUSTRY

Industry % Distribution
Construction 8.8%
Educational Services 9.2%
Health Care & Social Assistance 13.2%
Manufacturing 8.6%
Professional & Scientific Tech Services 7.3%
Retail & Wholesale Trader 14.5%
Other 38.4%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 36% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 27.9%
15-19 4.0%
20-24 4.3%
25-44 34.7%
45-65 20.0%
66+ 9.0%
OCCUPATION

Occupation % Distribution
Clean 7.6%
Healthcare 7.2%
Management, Business, & Financial 11.2%
Natural Resources Maintenance 13.6%
Production & Transportation 13.9%
Sales & Office 28.1%
Other 18.6%
HIGHEST EDUCATION LEVEL

12% 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 28.1%
Masters Degree 4.0%
Some College 27.3%
Some High School 13.5%
Other 19.0%

7116 Chapman Dr Comps

Sorry, we do not have sufficient data available.

7116 Chapman Dr, N Richland Hills, TX 76182 is a single family home of 1,423 sqft. HomeUnion INVESTimateĀ® for 7116 Chapman Dr includes a Price Estimate of $236,048 and a Rent Estimate of $1,470. This single family home has 3 bedrooms,2 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 7.47% and Total Return of 37.58%. The estimated 1 year forecast in home value for 7116 Chapman Dr is 13.88%.

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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