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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

7712 Ridgeway Ct N Richland Hills, TX 76182

4 Beds 2 Baths 2,150 sqft Built 1996
Last updated:  Dec 26, 2019

INVESTimate

$354,420

$327K - $382K

Price Est.

$1,925

$1.8K - $2.1K

Rent Est.

$379,123  ( +6.97%)   1 YR EST. FORECAST
  
  
  

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7712 Ridgeway Ct PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $164.85
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,150 sqft
  • Baths : 2 Full

7712 Ridgeway Ct SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GREEN VALLEY ELEMENTARY SCHOOL Primary Regular 503 29 10
NORTH RIDGE MIDDLE SCHOOL Middle Regular 814 48 9
NORTH RIDGE MIDDLE SCHOOL High Regular 814 48 9

GREEN VALLEY ELEMENTARY SCHOOL

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

Martin Oaks

  • 9

    POPULATION
  • 3

    HOUSEHOLDS
  • 74.9%

    WHITE COLLAR

Neighborhood : Martin Oaks

HOUSEHOLDS
3
POPULATION

9

25.0%Renters
75.0%Home Owners
LABOR FORCE

 

74.9%White Collar
25.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,925 per month.

MY RENT : $1,925 MEDIAN RENT : $2,218

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $1,925 would therefore be considered affordable for annual household incomes greater than $77,000 (12 months x 3.333 x $1,925).

Rent % Affordability
HOUSEHOLD INCOME RANGE

Approximately 0 of households in this neighborhood have a total annual income of $77,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,925 per month.

MINIMUM INCOME RANGE : $77,000

Income % Distribution
COMMUTE TIME DISTRIBUTION

100% of the working population has a commute time of 15 to 44 minutes, 0% has a commute time of 14 minutes or less and 0% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 0.0%
15-19 mins 33.3%
20-29 mins 33.3%
30-44 mins 33.3%
45-59 mins 0.0%
>60 mins 0.0%

Martin Oaks Demographics

INDUSTRY

Industry % Distribution
Educational Services 33.3%
Professional & Scientific Tech Services 0.0%
Public Administration 0.0%
Real Estate 0.0%
Retail & Wholesale Trader 33.3%
Transportation 0.0%
Other 33.3%
AGE DISTRIBUTION

67% of the population is between the ages of 25 and 64, 22% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 11.1%
15-19 11.1%
20-24 0.0%
25-44 22.2%
45-65 44.4%
66+ 11.1%
OCCUPATION

Occupation % Distribution
Management, Business, & Financial 33.3%
PCare 0.0%
Production & Transportation 0.0%
Protect 0.0%
Sales & Office 66.7%
Social 0.0%
Other 0.0%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 28.6%
Masters Degree 14.3%
Professional 0.0%
Some College 28.6%
Some High School 0.0%
Other 28.6%

7712 Ridgeway Ct Comps

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7712 Ridgeway Ct, N Richland Hills, TX 76182 is a single family home of 2,150 sqft. HomeUnion INVESTimateĀ® for 7712 Ridgeway Ct includes a Price Estimate of $354,420 and a Rent Estimate of $1,925. This single family home has 4 bedrooms,2 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 6.52% and Total Return of 19.91%. The estimated 1 year forecast in home value for 7712 Ridgeway Ct 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

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