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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

7951 Bursey Rd N Richland Hills, TX 76182

3 Beds 1 Baths 2,489 sqft Built 1978
Last updated:  Oct 23, 2019

INVESTimate

$377,525

$348K - $407K

Price Est.

$2,531

$2.3K - $2.7K

Rent Est.

$403,838  ( +6.97%)   1 YR EST. FORECAST
  
  
  

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7951 Bursey Rd PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $151.68
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,489 sqft
  • Baths : 1 Full

7951 Bursey Rd 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

NORTH RICHLAND HILLS

  • 31,379

    POPULATION
  • 11,253

    HOUSEHOLDS
  • 73.2%

    WHITE COLLAR

Neighborhood : NORTH RICHLAND HILLS

HOUSEHOLDS
11,253
POPULATION

31,379

18.8%Renters
81.2%Home Owners
LABOR FORCE

 

73.2%White Collar
26.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,531 per month.

MY RENT : $2,531 MEDIAN RENT : $1,812

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 15.1%
>=$1,500 84.9%
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 $2,531 would therefore be considered affordable for annual household incomes greater than $101,240 (12 months x 3.333 x $2,531).

Rent % Affordability
Above $500 96.0%
Above $700 92.0%
Above $1,100 81.5%
Above $1,500 69.4%
Above $1,900 57.4%
HOUSEHOLD INCOME RANGE

Approximately 2,862 of households in this neighborhood have a total annual income of $101,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,531 per month.

MINIMUM INCOME RANGE : $101,240

Income % Distribution
<$20K 4.0%
$20K-$35K 9.0%
$35K-$60K 17.6%
$60K-$100K 26.7%
>=$100K 42.7%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 6.4%
10-14 mins 10.6%
15-19 mins 11.7%
20-29 mins 24.4%
30-44 mins 29.8%
45-59 mins 9.6%
>60 mins 6.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,531 per month.

MY RENT : $2,531 MEDIAN RENT : $1,812

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 15.1%
>=$1,500 84.9%
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 $2,531 would therefore be considered affordable for annual household incomes greater than $101,240 (12 months x 3.333 x $2,531).

Rent % Affordability
Above $500 96.0%
Above $700 92.0%
Above $1,100 81.5%
Above $1,500 69.4%
Above $1,900 57.4%
HOUSEHOLD INCOME RANGE

Approximately 2,862 of households in this neighborhood have a total annual income of $101,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,531 per month.

MINIMUM INCOME RANGE : $101,240

Income % Distribution
<$20K 4.0%
$20K-$35K 9.0%
$35K-$60K 17.6%
$60K-$100K 26.7%
>=$100K 42.7%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 6.4%
10-14 mins 10.6%
15-19 mins 11.7%
20-29 mins 24.4%
30-44 mins 29.8%
45-59 mins 9.6%
>60 mins 6.2%

NORTH RICHLAND HILLS Demographics

INDUSTRY

Industry % Distribution
Educational Services 8.4%
Financial Industries 8.2%
Health Care & Social Assistance 10.0%
Manufacturing 8.9%
Professional & Scientific Tech Services 7.8%
Retail & Wholesale Trader 16.9%
Other 39.7%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 30% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 19.9%
15-19 6.1%
20-24 4.4%
25-44 25.2%
45-65 31.4%
66+ 13.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.7%
Healthcare 6.0%
Management, Business, & Financial 28.3%
Natural Resources Maintenance 8.3%
Production & Transportation 8.2%
Sales & Office 25.7%
Other 16.7%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.6%
High School 21.8%
Masters Degree 8.6%
Some College 25.8%
Some High School 6.4%
Other 27.9%

7951 Bursey Rd Comps

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7951 Bursey Rd, N Richland Hills, TX 76182 is a single family home of 2,489 sqft. HomeUnion INVESTimateĀ® for 7951 Bursey Rd includes a Price Estimate of $377,525 and a Rent Estimate of $2,531. This single family home has 3 bedrooms,1 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 8.05% and Total Return of 21.10%. The estimated 1 year forecast in home value for 7951 Bursey Rd 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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