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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

8328 Thorndyke Dr N Richland Hills, TX 76182

4 Beds 3 Baths 3,388 sqft Built 1999
Last updated:  Dec 26, 2019

INVESTimate

$394,792

$364K - $426K

Price Est.

$2,874

$2.6K - $3.1K

Rent Est.

$404,820  ( +2.54%)   1 YR EST. FORECAST
  
  
  

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8328 Thorndyke Dr PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $116.53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,388 sqft
  • Baths : 3 Full

8328 Thorndyke Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BEAR CREEK INTERMEDIATE SCHOOL Primary Regular 833 43 9
BEAR CREEK INTERMEDIATE SCHOOL Middle Regular 833 43 9
KELLER HIGH SCHOOL High Regular 2,643 126 9

BEAR CREEK INTERMEDIATE SCHOOL

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 43
9
GreatSchools Rating

BEAR CREEK INTERMEDIATE SCHOOL

  • Education Level: Middle
  • # of students: 833
  • # of teachers: 43
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

Thornbridge

  • 889

    POPULATION
  • 294

    HOUSEHOLDS
  • 83.0%

    WHITE COLLAR

Neighborhood : Thornbridge

HOUSEHOLDS
294
POPULATION

889

1.7%Renters
98.3%Home Owners
LABOR FORCE

 

83.0%White Collar
17.0%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 $2,874 per month.

MY RENT : $2,874 MEDIAN RENT : $2,844

Rent % Distribution LEVEL
$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 $2,874 would therefore be considered affordable for annual household incomes greater than $114,960 (12 months x 3.333 x $2,874).

Rent % Affordability
Above $500 100.0%
Above $700 98.6%
Above $1,100 90.6%
Above $1,500 87.5%
Above $1,900 82.4%
HOUSEHOLD INCOME RANGE

Approximately 120 of households in this neighborhood have a total annual income of $114,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,874 per month.

MINIMUM INCOME RANGE : $114,960

Income % Distribution
<$20K 0.0%
$20K-$35K 5.1%
$35K-$60K 7.5%
$60K-$100K 12.2%
>=$100K 75.3%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 4.1%
10-14 mins 3.9%
15-19 mins 10.0%
20-29 mins 29.4%
30-44 mins 29.4%
45-59 mins 6.8%
>60 mins 14.8%
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 $2,874 per month.

MY RENT : $2,874 MEDIAN RENT : $2,844

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 $2,874 would therefore be considered affordable for annual household incomes greater than $114,960 (12 months x 3.333 x $2,874).

Rent % Affordability
Above $500 100.0%
Above $700 98.6%
Above $1,100 90.6%
Above $1,500 87.5%
Above $1,900 82.4%
HOUSEHOLD INCOME RANGE

Approximately 120 of households in this neighborhood have a total annual income of $114,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,874 per month.

MINIMUM INCOME RANGE : $114,960

Income % Distribution
<$20K 0.0%
$20K-$35K 5.1%
$35K-$60K 7.5%
$60K-$100K 12.2%
>=$100K 75.3%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 4.1%
10-14 mins 3.9%
15-19 mins 10.0%
20-29 mins 29.4%
30-44 mins 29.4%
45-59 mins 6.8%
>60 mins 14.8%

Thornbridge Demographics

INDUSTRY

Industry % Distribution
Health Care & Social Assistance 11.6%
Manufacturing 13.3%
Professional & Scientific Tech Services 12.3%
Real Estate 7.2%
Retail & Wholesale Trader 22.8%
Transportation 8.3%
Other 24.5%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 32% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 23.3%
15-19 5.1%
20-24 3.5%
25-44 18.9%
45-65 31.4%
66+ 17.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 11.2%
Healthcare 9.1%
Management, Business, & Financial 33.1%
Natural Resources Maintenance 6.9%
Production & Transportation 9.1%
Sales & Office 20.3%
Other 10.3%
HIGHEST EDUCATION LEVEL

35% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.4%
High School 5.8%
Masters Degree 25.2%
Some College 20.6%
Some High School 4.2%
Other 38.8%

8328 Thorndyke Dr Comps

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8328 Thorndyke Dr, N Richland Hills, TX 76182 is a single family home of 3,388 sqft. HomeUnion INVESTimateĀ® for 8328 Thorndyke Dr includes a Price Estimate of $394,792 and a Rent Estimate of $2,874. This single family home has 4 bedrooms,3 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 8.74% and Total Return of 14.59%. The estimated 1 year forecast in home value for 8328 Thorndyke Dr is 2.54%.

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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