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This page contains information about each property aggregated from public data sources, 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.

7240 Timberidge Dr North Richland Hills, TX 76182

3 Beds 2 Baths 1,789 sqft Built 1978
Last updated:  Oct 23, 2019

INVESTimate

$274,486

$253K - $296K

Price Est.

$1,640

$1.5K - $1.8K

Rent Est.

$293,618  ( +6.97%)   1 YR EST. FORECAST

7240 Timberidge Dr PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $153.43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,789 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
7240 Timberidge Dr, North Richland Hills, TX 76182 is a single family home of 1,789 sqft. HomeUnion estimate for 7240 Timberidge Dr includes a Price Estimate of $274,486 and a Rent Estimate of $1,640. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 7.17% and Total Return of 21.61%. The estimated 1 year forecast in home value for 7240 Timberidge Dr is 6.97%.
  
  
  

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7240 Timberidge Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GREEN VALLEY ELEMENTARY SCHOOL Primary Regular 503 29 10
RICHLAND HIGH SCHOOL High Regular 2,249 124 6

GREEN VALLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 29
10
GreatSchools Rating

RICHLAND HIGH SCHOOL

  • Education Level: High
  • # of students: 2,249
  • # of teachers: 124
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Crestwood Estates

  • 421

    POPULATION
  • 169

    HOUSEHOLDS
  • 76.8%

    WHITE COLLAR

Neighborhood : Crestwood Estates

HOUSEHOLDS
169
POPULATION

421

17.1%Renters
82.9%Home Owners
LABOR FORCE

 

76.8%White Collar
23.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,640 per month.

MY RENT : $1,640 MEDIAN RENT : $1,609

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 4.3%
>=$1,500 95.7%
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 $1,640 would therefore be considered affordable for annual household incomes greater than $65,600 (12 months x 3.333 x $1,640).

Rent % Affordability
Above $500 88.5%
Above $700 83.6%
Above $1,100 69.9%
Above $1,500 59.4%
Above $1,900 47.4%
HOUSEHOLD INCOME RANGE

Approximately 72 of households in this neighborhood have a total annual income of $65,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,640 per month.

MINIMUM INCOME RANGE : $65,600

Income % Distribution
<$20K 11.5%
$20K-$35K 12.1%
$35K-$60K 17.0%
$60K-$100K 24.2%
>=$100K 35.2%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 17% 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 3.4%
5-9 mins 2.5%
10-14 mins 11.3%
15-19 mins 12.3%
20-29 mins 17.2%
30-44 mins 39.2%
45-59 mins 8.8%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,640 per month.

MY RENT : $1,640 MEDIAN RENT : $1,609

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 4.3%
>=$1,500 95.7%
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 $1,640 would therefore be considered affordable for annual household incomes greater than $65,600 (12 months x 3.333 x $1,640).

Rent % Affordability
Above $500 88.5%
Above $700 83.6%
Above $1,100 69.9%
Above $1,500 59.4%
Above $1,900 47.4%
HOUSEHOLD INCOME RANGE

Approximately 72 of households in this neighborhood have a total annual income of $65,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,640 per month.

MINIMUM INCOME RANGE : $65,600

Income % Distribution
<$20K 11.5%
$20K-$35K 12.1%
$35K-$60K 17.0%
$60K-$100K 24.2%
>=$100K 35.2%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 17% 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 3.4%
5-9 mins 2.5%
10-14 mins 11.3%
15-19 mins 12.3%
20-29 mins 17.2%
30-44 mins 39.2%
45-59 mins 8.8%
>60 mins 5.4%

Crestwood Estates Demographics

INDUSTRY

Industry % Distribution
Educational Services 13.0%
Health Care & Social Assistance 8.4%
Manufacturing 10.7%
Professional & Scientific Tech Services 12.6%
Retail & Wholesale Trader 16.7%
Transportation 8.8%
Other 29.8%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 29% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 15.0%
15-19 8.1%
20-24 5.9%
25-44 16.9%
45-65 34.2%
66+ 20.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.8%
Construction 5.1%
Management, Business, & Financial 35.8%
Natural Resources Maintenance 8.8%
Production & Transportation 10.2%
Sales & Office 22.6%
Other 8.8%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.0%
High School 28.9%
Masters Degree 10.1%
Some College 22.1%
Some High School 2.6%
Other 24.4%

7240 Timberidge Dr Comps

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