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$325,000

$330,000

7024 Payte Ln, North Richland Hills, TX, 76182

On MarketInfo
Just AddedInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,552 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.41 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave
FlooringVinyl

Exterior

Lot Size12,419 sqft

Building Information

Year Built1971
Stories1
Garage Spaces2

Land Information

APN39130-4-5
Lot Number5
SubdivisionSmithfield Acres Addition
Land UseResidential
Legal DescriptionSMITHFIELD ACRES ADDITION BLOCK 4 LOT 5
Census Tract113210
Assessed Land Value$50,000
Assessed Improvement Value$175,518
Assessment Year2025

About this property

Completely renovated and move in ready, this beautifully updated home offers modern finishes, an open layout, and an incredible backyard that's hard to find. The bright kitchen features quartz countertops, custom cabinetry, stainless steel appliances, and a large island that flows seamlessly into the spacious living and dining areas, making it perfect for entertaining. Step outside to a huge, tree filled backyard complete with a large deck, fire pit area, and a detached workshop with electricity, perfect for hobbies, projects, a home gym, extra storage, or even a future workspace. With plenty of room to relax, entertain, or create your own outdoor oasis, this backyard is designed to fit a variety of lifestyles. To make this opportunity even better, the seller is offering $10,000 in seller concessions that can be used toward closing costs, an interest rate buy down, or other approved buyer expenses. Conveniently located near shopping, dining, parks, and major highways, this home is one you won't want to miss!

Investor Tools

Property Icon
$318,000
Estimated Property Value
$230,800Estimated Mortgage Balance
$89,211Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

Interested in this property?

Bryan Lynch

DHS Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$536/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,844
$225,518
2025
$50,000
$175,518
$225,518
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,844
$225,518

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trident Realty Investments Llc
Commercial
$230,800
No
First
Feb 17, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,127
$88,873
27%
72%
$1,384/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,384/mo
+$776/mo
8.2%

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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7024 Payte Ln | Property Details | No Agent List