Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

7417 Chelmsford Pl N Richland Hills, TX 76182

3 Beds 3 Baths 1,444 sqft Built 1978
Last updated:  Oct 23, 2019

INVESTimate

$227,445

$210K - $245K

Price Est.

$1,432

$1.3K - $1.5K

Rent Est.

$259,014  ( +13.88%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,795 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1092 Rebel Forest DRIVE Atlanta, GA
    • 3 beds 1 baths ∙ 960 Sqft ∙ Built 1990 3 beds 1 baths ∙ 960 Sqft ∙ Built 1990
    AVAILABLE
    • 14.18% GROSS YIELD
    • $10,195 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $62,150
    • $1,300
  • 3870 MARTIN DRIVE Ellenwood, GA
    • 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 1979 ∙ 1units 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 1979 ∙ 1units
    AVAILABLE fmls
    • 13.21% GROSS YIELD
    • $9,524 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $139,000
    • $42,585
    • $1,530

7417 Chelmsford Pl PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $157.51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,444 sqft
  • Baths : 3 Full

7417 Chelmsford Pl 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

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
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 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,432 per month.

MY RENT : $1,432 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 $1,432 would therefore be considered affordable for annual household incomes greater than $57,280 (12 months x 3.333 x $1,432).

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 374 of households in this neighborhood have a total annual income of $57,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,432 per month.

MINIMUM INCOME RANGE : $57,280

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 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,432 per month.

MY RENT : $1,432 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 $1,432 would therefore be considered affordable for annual household incomes greater than $57,280 (12 months x 3.333 x $1,432).

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 374 of households in this neighborhood have a total annual income of $57,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,432 per month.

MINIMUM INCOME RANGE : $57,280

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%

7417 Chelmsford Pl Comps

Sorry, we do not have sufficient data available.

7417 Chelmsford Pl, N Richland Hills, TX 76182 is a single family home of 1,444 sqft. HomeUnion INVESTimateĀ® for 7417 Chelmsford Pl includes a Price Estimate of $227,445 and a Rent Estimate of $1,432. This single family home has 3 bedrooms,3 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 7.56% and Total Return of 37.76%. The estimated 1 year forecast in home value for 7417 Chelmsford Pl 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

Nearest zipcodes within 2 miles

  1. 76180
  2. 76148