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$340,000

NAL Estimated Property Value

7045 Dover Lane, Richland Hills, TX, 76118

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,946 Sq Ft
price_per_sqft$120.76 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Refrigerator, Electric Water Heater
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size18,191 sqft

Building Information

Year Built1977
Stories1
Garage Spaces4

Land Information

APN34090-4-J
Lot NumberJ
SubdivisionRichland Hills Addition
Land UseResidential
Legal DescriptionRICHLAND HILLS ADDITION BLOCK 4 LOT J
Census Tract113301
Assessed Land Value$62,291
Assessed Improvement Value$259,754
Assessment Year2025

About this property

This home has so much to offer! Wonderful established & quiet neighborhood, & a very short walk to Kate Baker Park. Oversized lot with long gated driveway offers secure space for RV and boat parking, w- elec outlet along the fence. The handyman will LOVE the detached 27x31 garage with 220 outlets and half bath. So much workspace and storage! But there's more...another 16x16 workshop, also with 220 power. And still plenty of yard leftover! Inside, the master bedroom has a separate sitting area w- built in desk, granite counter in master bath & 2 closets with built-ins. Secondary bedrooms each have walk in closets. Newer appliances in the kitchen & addt'l storage in utility room. Covered patio. Don't miss it!

Investor Tools

Property Icon
$340,000
Estimated Property Value
$201,614Estimated Mortgage Balance
$138,386Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,040 /month
Positive
Cash Flow Estimate:
$680 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$612/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,641
$322,045
2025
$62,291
$259,754
$322,045
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,641
$322,045

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Point Financial Corporation
Fha
$230,743
Yes
First
Dec 3, 2019
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$201,614
$138,386
40%
59%
$1,384/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,384/mo
+$543/mo
6.8%

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.

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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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7045 Dover Lane | Property Details | No Agent List