INVESTimate
$37,513
1008 N 13th St PROPERTY INFO
FACTS
- Built In 1948
- Price/Sqft : $83.47
CONSTRUCTION
- Beds : 0
- Floor Size : 1,176 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
1008 N 13th St, Lamesa, TX 79331 is a single family home of 1,176 sqft. HomeUnion estimate for 1008 N 13th St includes a Price Estimate of $98,164 and a Rent Estimate of $903. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 11.04% and Total Return of 16.71%. The estimated 1 year forecast in home value for 1008 N 13th St is 0%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1008 N 13th St SCHOOLS
Financial Details
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LAMESA
Neighborhood : LAMESA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $903 per month.
MY RENT : $903 MEDIAN RENT : $995
Household Rent Affordability
According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $903 would therefore be considered affordable for annual household incomes greater than $36,120 (12 months x 3.333 x $903).
HOUSEHOLD INCOME RANGE
Approximately 1,886 of households in this neighborhood have a total annual income of $36,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $903 per month.
MINIMUM INCOME RANGE : $36,120
COMMUTE TIME DISTRIBUTION
23% of the working population has a commute time of 15 to 44 minutes, 66% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
LAMESA Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Agriculture, Fishing & Game | 18.6% |
Arts & Entertainment | 7.2% |
Educational Services | 10.2% |
Health Care & Social Assistance | 8.0% |
Public Administration | 9.9% |
Retail & Wholesale Trader | 12.8% |
Other | 33.3% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 35% is 24 or younger and 14% is 65 or older.
Age | % Distribution |
---|---|
<15 | 20.6% |
15-19 | 6.1% |
20-24 | 8.7% |
25-44 | 29.5% |
45-65 | 20.7% |
66+ | 14.4% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 6.6% |
Management, Business, & Financial | 14.2% |
Natural Resources Maintenance | 20.7% |
Production & Transportation | 18.4% |
Protect | 5.8% |
Sales & Office | 18.5% |
Other | 15.7% |
HIGHEST EDUCATION LEVEL
7% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 3.8% |
High School | 36.6% |
Masters Degree | 3.0% |
Some College | 21.1% |
Some High School | 26.1% |
Other | 9.3% |
1008 N 13th St Comps
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