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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

8633 Shadybrooke Dr N Richland Hills, TX 76182

3 Beds 2 Baths 1,962 sqft Built 1993
Last updated:  Jan 23, 2020

INVESTimate

$295,696

$273K - $319K

Price Est.

$1,891

$1.7K - $2.1K

Rent Est.

$316,306  ( +6.97%)   1 YR EST. FORECAST
  
  
  

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8633 Shadybrooke Dr PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $150.71
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,962 sqft
  • Baths : 2 Full

8633 Shadybrooke 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

Steeple Ridge

  • 266

    POPULATION
  • 93

    HOUSEHOLDS
  • 92.3%

    WHITE COLLAR

Neighborhood : Steeple Ridge

HOUSEHOLDS
93
POPULATION

266

1.1%Renters
98.9%Home Owners
LABOR FORCE

 

92.3%White Collar
7.7%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 $1,891 per month.

MY RENT : $1,891 MEDIAN RENT : $2,453

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 $1,891 would therefore be considered affordable for annual household incomes greater than $75,640 (12 months x 3.333 x $1,891).

Rent % Affordability
Above $500 96.8%
Above $700 96.8%
Above $1,100 95.7%
Above $1,500 92.6%
Above $1,900 91.1%
HOUSEHOLD INCOME RANGE

Approximately 80 of households in this neighborhood have a total annual income of $75,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,891 per month.

MINIMUM INCOME RANGE : $75,640

Income % Distribution
<$20K 3.2%
$20K-$35K 1.1%
$35K-$60K 3.2%
$60K-$100K 9.6%
>=$100K 83.0%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 4% has a commute time of 14 minutes or less and 33% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 0.8%
10-14 mins 2.5%
15-19 mins 12.6%
20-29 mins 15.1%
30-44 mins 35.3%
45-59 mins 16.0%
>60 mins 16.8%
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 $1,891 per month.

MY RENT : $1,891 MEDIAN RENT : $2,453

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 $1,891 would therefore be considered affordable for annual household incomes greater than $75,640 (12 months x 3.333 x $1,891).

Rent % Affordability
Above $500 96.8%
Above $700 96.8%
Above $1,100 95.7%
Above $1,500 92.6%
Above $1,900 91.1%
HOUSEHOLD INCOME RANGE

Approximately 80 of households in this neighborhood have a total annual income of $75,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,891 per month.

MINIMUM INCOME RANGE : $75,640

Income % Distribution
<$20K 3.2%
$20K-$35K 1.1%
$35K-$60K 3.2%
$60K-$100K 9.6%
>=$100K 83.0%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 4% has a commute time of 14 minutes or less and 33% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 0.8%
10-14 mins 2.5%
15-19 mins 12.6%
20-29 mins 15.1%
30-44 mins 35.3%
45-59 mins 16.0%
>60 mins 16.8%

Steeple Ridge Demographics

INDUSTRY

Industry % Distribution
Educational Services 10.9%
Health Care & Social Assistance 8.4%
Manufacturing 12.6%
Professional & Scientific Tech Services 12.6%
Retail & Wholesale Trader 13.4%
Transportation 11.8%
Other 30.3%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 37% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 30.1%
15-19 3.4%
20-24 3.4%
25-44 23.3%
45-65 29.7%
66+ 10.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.4%
Construction 11.6%
Healthcare 6.3%
Management, Business, & Financial 46.3%
Natural Resources Maintenance 3.2%
Sales & Office 16.8%
Other 8.4%
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 7.9%
High School 12.6%
Masters Degree 20.9%
Professional 3.1%
Some College 15.2%
Other 40.3%

8633 Shadybrooke Dr Comps

Sorry, we do not have sufficient data available.

8633 Shadybrooke Dr, N Richland Hills, TX 76182 is a single family home of 1,962 sqft. HomeUnion INVESTimateĀ® for 8633 Shadybrooke Dr includes a Price Estimate of $295,696 and a Rent Estimate of $1,891. This single family home has 3 bedrooms,2 bathrooms, and was built in 1993. This property has an estimated 15 year annualized Yield of 7.67% and Total Return of 21.74%. The estimated 1 year forecast in home value for 8633 Shadybrooke Dr 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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