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$421,000

NAL Estimated Property Value

7020 Michael Dr, North Richland Hills, TX, 76182

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,114 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$200.05 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesRain Gutters, Lighting, Private Yard
Lot Size8,024 sqft

Building Information

Year Built1998
Stories1
Garage Spaces2

Land Information

APN40548-3-12
Lot Number12
SubdivisionStoney Ridge Addition
Land UseResidential
Legal DescriptionSTONEY RIDGE ADDITION BLOCK 3 LOT 12
Census Tract113210
Assessed Land Value$75,000
Assessed Improvement Value$269,578
Assessment Year2025

About this property

Please submit all offers by Sunday, Aug 20 by 6pm. Move right in!! Charming, 3 bedroom, 2 bath, single-story home in the heart of North Richland Hills, TX. This well-maintained residence offers a comfortable living space with a spacious layout, and beautiful new Luxury vinyl plank. Features include a bright and airy freshly-painted interior, updated bathrooms, a study off the foyer with french doors, welcoming kitchen open to the family room with fireplace. The property boasts a landscaped yard, and a quiet patio in back. Conveniently located in a desirable neighborhood close to amenities and major routes for easy commuting. Don't miss the opportunity to own this delightful home that combines convenience and comfort in an excellent location.

Investor Tools

Property Icon
$421,000
Estimated Property Value
$180,772Estimated Mortgage Balance
$240,228Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,537 /month
Positive
Cash Flow Estimate:
$846 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$773/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,168
$344,578
2025
$75,000
$269,578
$344,578
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,168
$344,578

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trusted Rate Inc
Conventional
$190,000
No
First
Sep 18, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$180,772
$240,228
57%
43%
$1,140/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,140/mo
+$1,020/mo
6.2%

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: North Richland Hills

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7020 Michael Dr | Property Details | No Agent List