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$265,000

7025 Payte Ln, North Richland Hills, TX, 76182

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,556 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.31 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesRain Gutters
Lot Size12,676 sqft

Building Information

Year Built1964
Stories1
Garage Spaces2

Land Information

APN39130-1-18
Lot Number18
SubdivisionSmithfield Acres Addition
Land UseResidential
Legal DescriptionSMITHFIELD ACRES ADDITION BLOCK 1 LOT 18
Census Tract113210
Assessed Land Value$50,000
Assessed Improvement Value$224,000
Assessment Year2025

About this property

Single story home in the heart of N. Richland Hills! Great for first-time buyers or even investors looking to buy and hold. Granite countertops in kitchen, gas range, dishwasher, breakfast bar seating, two separate living areas, split bedrooms. Feeds some of the best schools in Birdville ISD. Super huge backyard with mature trees. Quick drive to Keller, Southlake and Alliance Town Center for all kinds of dining and shopping options. Easy commute to Ft. Worth and DFW Airport. Be sure to check in to all the amenities N. Richland Hills has to offer! State of the art Library and Recreation Center, as well as award-winning parks system connected by miles of bike paths. AC replaced in 2021. Water heater replaced in 2020. Roof replaced in 2018. The 2-car garage provides plenty of space for your vehicles. With its prime location and desirable features, this property is a must-see!

Investor Tools

Property Icon
$304,000
Estimated Property Value
$258,990Estimated Mortgage Balance
$52,316Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,824 /month
Positive
Cash Flow Estimate:
$608 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$622/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,946
$274,000
2025
$50,000
$224,000
$274,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,946
$274,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Conventional
$258,990
No
First
Oct 30, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$251,684
$52,316
17%
83%
$1,553/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,553/mo
+$607/mo
8.5%

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: North Richland Hills

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