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$264,582

NAL Estimated Property Value

2816 Matthews Dr, Richland Hills, TX, 76118

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,305 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$190.8 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesStorage
Lot Size10,197 sqft

Building Information

Year Built1954
Stories1
Garage Spaces1

Land Information

APN34190-47-13
Lot Number13
SubdivisionRichland Park Addition
Land UseResidential
Legal DescriptionRICHLAND PARK ADDITION BLOCK 47 LOT 13
Census Tract113302
Assessed Land Value$42,755
Assessed Improvement Value$221,827
Assessment Year2025

About this property

Perfect home for First Time Buyers or Turn Key Investment Property! Located in a highly desirable Richland Hills Neighborhood! This home has been nicely updated! Large Living room for Entertaining Family and Guests. Kitchen opens up to the living room and has granite countertops with subway tile backsplash. 1 car garage and 2 carport spaces with room for two more cars in the driveway and plenty of parking on the street for Family Gatherings! Huge backyard with Beautiful Trees and a Storage Building. Don't Miss Out On This One!

Investor Tools

Property Icon
$264,582
Estimated Property Value
$240,566Estimated Mortgage Balance
$24,016Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,587 /month
Positive
Cash Flow Estimate:
$529 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$406/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,554
$264,582
2025
$42,755
$221,827
$264,582
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,554
$264,582

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas State Affordable Hsng Corp
Unknown
$11,883
No
First
May 6, 2024
May 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,566
$24,016
9%
91%
$1,497/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,497/mo
+$430/mo
8.7%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Richland Hills

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2816 Matthews Dr | Property Details | No Agent List