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$298,000

NAL Estimated Property Value

6972 Glen Hills Road, Richland Hills, TX, 76118

$369,885 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,153 Sq Ft
price_per_sqft$137.02 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range
FlooringCeramic Tile, Laminate, Wood

Exterior

Lot Size19,998 sqft

Building Information

Year Built1950
Stories1
Garage Spaces1

Land Information

APN34090-3-8
Lot Number8
SubdivisionRichland Hills Addition
Land UseResidential
Legal DescriptionRICHLAND HILLS ADDITION BLOCK 3 LOT 8
Census Tract113301
Assessed Land Value$65,000
Assessed Improvement Value$207,000
Assessment Year2025

About this property

This is an amazing home with tons of potential in a great central location! All the space you could ever want with multiple living and dining areas, and almost half acre lot. House amenities include wood floors, kitchen with granite countertops, Two large living room, and a spacious outdoor patio. Great location near North East Mall and easy access to 820 and 121 in a neatly-kept established quiet neighborhood. Do not miss seeing this super-cozy home!

Investor Tools

Property Icon
$298,000
Estimated Property Value
$215,023Estimated Mortgage Balance
$82,977Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$369,885
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,788 /month
Positive
Cash Flow Estimate:
$596 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$638/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,166
$272,000
2025
$65,000
$207,000
$272,000
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,166
$272,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Origin Bank
Purchase Money Mortgage
$232,000
No
First
Jun 24, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$215,023
$82,977
27%
72%
$1,391/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,391/mo
+$536/mo
7.8%

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.

Explore Texas Explore This Area
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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