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

7617 Frankie B St N Richland Hills, TX 76182

3 Beds 2 Baths 1,972 sqft Built 2005
Last updated:  Nov 28, 2019

INVESTimate

$319,583

$295K - $345K

Price Est.

$1,822

$1.7K - $2.0K

Rent Est.

$341,858  ( +6.97%)   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
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 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

7617 Frankie B St PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $162.06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,972 sqft
  • Baths : 2 Full

7617 Frankie B St 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

Hewitt Estates

  • 199

    POPULATION
  • 76

    HOUSEHOLDS
  • 74.3%

    WHITE COLLAR

Neighborhood : Hewitt Estates

HOUSEHOLDS
76
POPULATION

199

6.4%Renters
93.6%Home Owners
LABOR FORCE

 

74.3%White Collar
25.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,822 per month.

MY RENT : $1,822 MEDIAN RENT : $1,754

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 27.1%
>=$1,500 72.9%
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 $1,822 would therefore be considered affordable for annual household incomes greater than $72,880 (12 months x 3.333 x $1,822).

Rent % Affordability
Above $500 97.4%
Above $700 94.1%
Above $1,100 81.3%
Above $1,500 70.5%
Above $1,900 61.0%
HOUSEHOLD INCOME RANGE

Approximately 42 of households in this neighborhood have a total annual income of $72,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,822 per month.

MINIMUM INCOME RANGE : $72,880

Income % Distribution
<$20K 2.6%
$20K-$35K 6.4%
$35K-$60K 20.5%
$60K-$100K 23.1%
>=$100K 47.4%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 29% 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 1.7%
5-9 mins 9.1%
10-14 mins 18.2%
15-19 mins 13.2%
20-29 mins 25.6%
30-44 mins 19.8%
45-59 mins 4.1%
>60 mins 8.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,822 per month.

MY RENT : $1,822 MEDIAN RENT : $1,754

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 27.1%
>=$1,500 72.9%
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 $1,822 would therefore be considered affordable for annual household incomes greater than $72,880 (12 months x 3.333 x $1,822).

Rent % Affordability
Above $500 97.4%
Above $700 94.1%
Above $1,100 81.3%
Above $1,500 70.5%
Above $1,900 61.0%
HOUSEHOLD INCOME RANGE

Approximately 42 of households in this neighborhood have a total annual income of $72,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,822 per month.

MINIMUM INCOME RANGE : $72,880

Income % Distribution
<$20K 2.6%
$20K-$35K 6.4%
$35K-$60K 20.5%
$60K-$100K 23.1%
>=$100K 47.4%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 29% 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 1.7%
5-9 mins 9.1%
10-14 mins 18.2%
15-19 mins 13.2%
20-29 mins 25.6%
30-44 mins 19.8%
45-59 mins 4.1%
>60 mins 8.3%

Hewitt Estates Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.4%
Construction 10.7%
Manufacturing 9.9%
Professional & Scientific Tech Services 13.2%
Public Administration 6.6%
Retail & Wholesale Trader 13.2%
Other 38.8%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 26% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 13.6%
15-19 8.0%
20-24 4.0%
25-44 14.1%
45-65 44.7%
66+ 15.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.1%
Construction 4.7%
Management, Business, & Financial 27.9%
Natural Resources Maintenance 8.1%
Production & Transportation 10.5%
Sales & Office 32.6%
Other 8.1%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.4%
High School 26.4%
Masters Degree 8.1%
Some College 32.4%
Some High School 4.1%
Other 21.6%

7617 Frankie B St Comps

Sorry, we do not have sufficient data available.

7617 Frankie B St, N Richland Hills, TX 76182 is a single family home of 1,972 sqft. HomeUnion INVESTimateĀ® for 7617 Frankie B St includes a Price Estimate of $319,583 and a Rent Estimate of $1,822. This single family home has 3 bedrooms,2 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 6.84% and Total Return of 21.01%. The estimated 1 year forecast in home value for 7617 Frankie B St is 6.97%.

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

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Nearest zipcodes within 2 miles

  1. 76148
  2. 76180
  3. 76248
  4. 76054