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$315,000

7031 Richlynn Ter, Richland Hills, TX, 76118

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,301 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$242.12 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Off-Market ListAbsentee Owner

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

Exterior FeaturesPrivate Yard, Storage
Lot Size19,998 sqft

Building Information

Year Built1951
Stories1
Garage Spaces2

Land Information

APN34090-13-22
Lot Number22
SubdivisionRichland Hills Addition
Land UseResidential
Legal DescriptionRICHLAND HILLS ADDITION BLOCK 13 LOT 22
Census Tract113301
Assessed Land Value$65,000
Assessed Improvement Value$184,894
Assessment Year2025

About this property

Home is where the heart is! So step into 7031 Richlynn Terrace, and let your heart tell you it's found your new home. Situated on almost a HALF ACRE, this mid-cities ranch is bursting with character. From its original hardwoods to its scalloped accents and its front porch fit for sipping iced tea while waving at the neighbors, this home is chock full of all the good stuff. But don't let its charm fool you, this 50's jewel is well-equipped for modern living. Recent upgrades include granite counters, stainless appliances, paint, HVAC, water heater, and roof. The backyard is like a field of dreams. The first half of the yard alone has plenty of space to entertain and play with room for a pool, a playset, and so much more. The back half of the yard has two sheds perfect for setting up a workshop or large gardens.

Investor Tools

Property Icon
$279,000
Estimated Property Value
$224,000Estimated Mortgage Balance
$66,598Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$459/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,107
$249,894
2025
$65,000
$184,894
$249,894
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,107
$249,894

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nfm Inc
Conventional
$224,000
No
First
Jul 13, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,402
$66,598
23%
76%
$1,343/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,343/mo
+$584/mo
8.3%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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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7031 Richlynn Ter | Property Details | No Agent List