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This page contains information about each property aggregated from public data sources, 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.

8404 Springhill Ct North Richland Hills, TX 76182

3 Beds 2 Baths 1,510 sqft Built 1978
Last updated:  Oct 23, 2019

INVESTimate

$227,816

$210K - $246K

Price Est.

$1,559

$1.4K - $1.7K

Rent Est.

$71,871

Investment Est.

$254,926  ( +11.9%)   1 YR EST. FORECAST

8404 Springhill Ct PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $150.87
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,510 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
8404 Springhill Ct, North Richland Hills, TX 76182 is a single family home of 1,510 sqft. HomeUnion estimate for 8404 Springhill Ct includes a Price Estimate of $227,816 and a Rent Estimate of $1,559. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 8.21% and Total Return of 33.61%. The estimated 1 year forecast in home value for 8404 Springhill Ct is 11.9%.

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8404 Springhill Ct 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

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Neighborhood

Stonybrooke

  • 953

    POPULATION

  • 347

    HOUSEHOLDS

  • 74.5%

    WHITE COLLAR

Neighborhood : Stonybrooke

HOUSEHOLDS
347
POPULATION

953

18.1%Renters
81.9%Home Owners
LABOR FORCE

 

74.5%White Collar
25.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,559 per month.

MY RENT : $1,559 MEDIAN RENT : $1,622

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.1%
>=$1,500 94.9%
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 $1,559 would therefore be considered affordable for annual household incomes greater than $62,360 (12 months x 3.333 x $1,559).

Rent % Affordability
Above $500 94.8%
Above $700 90.3%
Above $1,100 83.4%
Above $1,500 67.2%
Above $1,900 50.8%
HOUSEHOLD INCOME RANGE

Approximately 157 of households in this neighborhood have a total annual income of $62,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,559 per month.

MINIMUM INCOME RANGE : $62,360

Income % Distribution
<$20K 5.2%
$20K-$35K 4.9%
$35K-$60K 22.6%
$60K-$100K 35.1%
>=$100K 32.2%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 7.1%
10-14 mins 11.6%
15-19 mins 7.1%
20-29 mins 23.6%
30-44 mins 32.2%
45-59 mins 14.3%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,559 per month.

MY RENT : $1,559 MEDIAN RENT : $1,622

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.1%
>=$1,500 94.9%
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 $1,559 would therefore be considered affordable for annual household incomes greater than $62,360 (12 months x 3.333 x $1,559).

Rent % Affordability
Above $500 94.8%
Above $700 90.3%
Above $1,100 83.4%
Above $1,500 67.2%
Above $1,900 50.8%
HOUSEHOLD INCOME RANGE

Approximately 157 of households in this neighborhood have a total annual income of $62,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,559 per month.

MINIMUM INCOME RANGE : $62,360

Income % Distribution
<$20K 5.2%
$20K-$35K 4.9%
$35K-$60K 22.6%
$60K-$100K 35.1%
>=$100K 32.2%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 7.1%
10-14 mins 11.6%
15-19 mins 7.1%
20-29 mins 23.6%
30-44 mins 32.2%
45-59 mins 14.3%
>60 mins 4.1%
Stonybrooke Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 8.2%
Educational Services 10.9%
Financial Industries 8.4%
Manufacturing 15.8%
Retail & Wholesale Trader 8.8%
Transportation 12.3%
Other 35.7%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 12.1%
Construction 5.9%
Healthcare 6.4%
Management, Business, & Financial 22.4%
Production & Transportation 9.4%
Sales & Office 26.8%
Other 16.9%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 14.5%
15-19 8.2%
20-24 8.0%
25-44 26.5%
45-65 34.7%
66+ 8.1%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 11.2%
High School 29.2%
Masters Degree 4.8%
Some College 32.3%
Some High School 4.9%
Other 17.5%

Stonybrooke Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.2%
Educational Services 10.9%
Financial Industries 8.4%
Manufacturing 15.8%
Retail & Wholesale Trader 8.8%
Transportation 12.3%
Other 35.7%
AGE DISTRIBUTION

61% of the population is between the ages of 25 and 64, 31% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 14.5%
15-19 8.2%
20-24 8.0%
25-44 26.5%
45-65 34.7%
66+ 8.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 12.1%
Construction 5.9%
Healthcare 6.4%
Management, Business, & Financial 22.4%
Production & Transportation 9.4%
Sales & Office 26.8%
Other 16.9%
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 11.2%
High School 29.2%
Masters Degree 4.8%
Some College 32.3%
Some High School 4.9%
Other 17.5%

8404 Springhill Ct Comps

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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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Nearest zipcodes within 2 miles

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