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$453,000

NAL Estimated Property Value

8608 Madison Drive, North Richland Hills, TX, 76182

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,301 Sq Ft
price_per_sqft$162.97 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size8,398 sqft

Building Information

Year Built1997
Stories1
Garage Spaces2

Land Information

APN40548-4-36
Lot Number36
SubdivisionStoney Ridge Addition
Land UseResidential
Legal DescriptionSTONEY RIDGE ADDITION BLOCK 4 LOT 36
Census Tract113210
Assessed Land Value$75,000
Assessed Improvement Value$349,084
Assessment Year2025

About this property

This charming 4 bed - 2 bath all brick home is a real gem located in a quiet enclave with easy access to all mid-cities attractions! Great open layout freshly updated with designer color paint & luxury vinyl plank flooring! Spacious formal living room & formal dining area features crown molding, large windows with plantation shutters & plenty of space hosting large gatherings! Light & bright eat-in kitchen opens to the family room & features recessed lighting, gas cooktop, breakfast bar, plus plenty of cabinets & pantry for extra storage! Highlights include high ceilings, gas FP, a full size laundry room, epoxy garage floor, and lovely outdoor patio area with matured shade trees & plenty of yard space to enjoy!

Investor Tools

Property Icon
$453,000
Estimated Property Value
$0Estimated Mortgage Balance
$453,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,718 /month
Positive
Cash Flow Estimate:
$906 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$654/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,585
$424,084
2025
$75,000
$349,084
$424,084
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,585
$424,084

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$453,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,670/mo
N/A
+$2,670/mo
7.1%

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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8608 Madison Drive | Property Details | No Agent List