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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

8308 Park Brook Dr N Richland Hills, TX 76182

4 Beds 3 Baths 2,483 sqft Built 2002
Last updated:  Oct 23, 2019

INVESTimate

$401,917

$371K - $433K

Price Est.

$2,448

$2.2K - $2.7K

Rent Est.

$421,932  ( +4.98%)   1 YR EST. FORECAST
  
  
  

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8308 Park Brook Dr PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $161.87
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,483 sqft
  • Baths : 3 Full

8308 Park Brook Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LIBERTY ELEMENTARY SCHOOL Primary Regular 486 30 9
KELLER HIGH SCHOOL High Regular 2,643 126 9

LIBERTY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 486
  • # of teachers: 30
9
GreatSchools Rating

KELLER HIGH SCHOOL

  • Education Level: High
  • # of students: 2,643
  • # of teachers: 126
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Forest Glenn

  • 1,015

    POPULATION
  • 328

    HOUSEHOLDS
  • 85.4%

    WHITE COLLAR

Neighborhood : Forest Glenn

HOUSEHOLDS
328
POPULATION

1,015

11.9%Renters
88.1%Home Owners
LABOR FORCE

 

85.4%White Collar
14.6%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 $2,448 per month.

MY RENT : $2,448 MEDIAN RENT : $2,655

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.5%
>=$1,500 99.5%
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 $2,448 would therefore be considered affordable for annual household incomes greater than $97,920 (12 months x 3.333 x $2,448).

Rent % Affordability
Above $500 97.6%
Above $700 97.0%
Above $1,100 93.6%
Above $1,500 87.2%
Above $1,900 71.3%
HOUSEHOLD INCOME RANGE

Approximately 214 of households in this neighborhood have a total annual income of $97,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,448 per month.

MINIMUM INCOME RANGE : $97,920

Income % Distribution
<$20K 2.4%
$20K-$35K 1.8%
$35K-$60K 8.6%
$60K-$100K 22.3%
>=$100K 64.8%
COMMUTE TIME DISTRIBUTION

78% of the working population has a commute time of 15 to 44 minutes, 10% 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 1.1%
5-9 mins 2.8%
10-14 mins 6.1%
15-19 mins 14.6%
20-29 mins 26.2%
30-44 mins 37.0%
45-59 mins 7.6%
>60 mins 4.6%
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 $2,448 per month.

MY RENT : $2,448 MEDIAN RENT : $2,655

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.5%
>=$1,500 99.5%
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 $2,448 would therefore be considered affordable for annual household incomes greater than $97,920 (12 months x 3.333 x $2,448).

Rent % Affordability
Above $500 97.6%
Above $700 97.0%
Above $1,100 93.6%
Above $1,500 87.2%
Above $1,900 71.3%
HOUSEHOLD INCOME RANGE

Approximately 214 of households in this neighborhood have a total annual income of $97,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,448 per month.

MINIMUM INCOME RANGE : $97,920

Income % Distribution
<$20K 2.4%
$20K-$35K 1.8%
$35K-$60K 8.6%
$60K-$100K 22.3%
>=$100K 64.8%
COMMUTE TIME DISTRIBUTION

78% of the working population has a commute time of 15 to 44 minutes, 10% 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 1.1%
5-9 mins 2.8%
10-14 mins 6.1%
15-19 mins 14.6%
20-29 mins 26.2%
30-44 mins 37.0%
45-59 mins 7.6%
>60 mins 4.6%

Forest Glenn Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.9%
Educational Services 11.9%
Financial Industries 8.4%
Health Care & Social Assistance 12.3%
Manufacturing 9.9%
Retail & Wholesale Trader 17.1%
Other 29.4%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 33% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 25.0%
15-19 3.3%
20-24 4.9%
25-44 22.5%
45-65 34.5%
66+ 9.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.2%
Construction 11.0%
Healthcare 4.4%
Management, Business, & Financial 32.6%
Sales & Office 22.8%
Social 5.7%
Other 15.2%
HIGHEST EDUCATION LEVEL

26% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.5%
Doctorate 3.8%
High School 15.1%
Masters Degree 14.3%
Some College 13.9%
Other 45.4%

8308 Park Brook Dr Comps

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8308 Park Brook Dr, N Richland Hills, TX 76182 is a single family home of 2,483 sqft. HomeUnion INVESTimateĀ® for 8308 Park Brook Dr includes a Price Estimate of $401,917 and a Rent Estimate of $2,448. This single family home has 4 bedrooms,3 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 7.31% and Total Return of 16.89%. The estimated 1 year forecast in home value for 8308 Park Brook Dr is 4.98%.

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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