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$296,000

NAL Estimated Property Value

7228 Lola Drive, North Richland Hills, TX, 76180

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,271 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$91.15 / sqft
Year BuiltBuilt in 1965

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 Oven, Gas Cooktop, Vented Exhaust Fan
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size9,958 sqft

Building Information

Year Built1965
Stories1
Garage Spaces2

Land Information

APN18780-1-8
Lot Number8
SubdivisionHoliday Heights Addition
Land UseResidential
Legal DescriptionHOLIDAY HEIGHTS ADDITION BLOCK 1 LOT 8
Census Tract113217
Assessed Land Value$50,000
Assessed Improvement Value$239,000
Assessment Year2025

About this property

Multiple offers. Best and final by 6:00 pm Sunday evening. This J.B. Sandlin Home is located in a quiet neighborhood surrounded by mature landscaping. A wall of windows in the front of the home welcomes in abundant natural light. There are two spacious living rooms and each offers a brick, wood burning fireplace. Split bedroom floorplan and a spacious utility room. The garage conversion has been used as a craft room and storage. Enjoy the large backyard and screened-in 19x17 porch. There are two sheds that provide extra storage and an extended driveway. The home has great bones. You can update as you wish and it’s priced accordingly.

Investor Tools

Property Icon
$296,000
Estimated Property Value
$202,692Estimated Mortgage Balance
$93,308Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,776 /month
Positive
Cash Flow Estimate:
$592 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$504/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,571
$289,000
2025
$50,000
$239,000
$289,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,571
$289,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Conventional
$212,577
No
First
Aug 14, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$202,692
$93,308
31%
68%
$1,360/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,360/mo
+$800/mo
8.8%

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: North Richland Hills

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7228 Lola Drive | Property Details | No Agent List