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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

108 Highland Lake Dr Highland Village, TX 75077

3 Beds 2 Baths 2,962 sqft Built 1959
Last updated:  Oct 23, 2019

INVESTimate

$480,873

$448K - $514K

Price Est.

$2,440

$2.3K - $2.6K

Rent Est.

$517,900  ( +7.7%)   1 YR EST. FORECAST
  
  
  

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108 Highland Lake Dr PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $162.35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,962 sqft
  • Baths : 2 Full

108 Highland Lake Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MCAULIFFE ELEMENTARY SCHOOL Primary Regular 505 33 9
BRIARHILL MIDDLE SCHOOL Middle Regular 993 64 9
MARCUS 9TH GRADE CAMPUS High Regular 3,182 198 8

MCAULIFFE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 33
9
GreatSchools Rating

BRIARHILL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 993
  • # of teachers: 64
9
GreatSchools Rating

MARCUS 9TH GRADE CAMPUS

  • Education Level: High
  • # of students: 3,182
  • # of teachers: 198
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Highland Lake North

  • 314

    POPULATION
  • 101

    HOUSEHOLDS
  • 91.3%

    WHITE COLLAR

Neighborhood : Highland Lake North

HOUSEHOLDS
101
POPULATION

314

18.6%Renters
81.4%Home Owners
LABOR FORCE

 

91.3%White Collar
8.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,440 per month.

MY RENT : $2,440 MEDIAN RENT : $2,153

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,440 would therefore be considered affordable for annual household incomes greater than $97,600 (12 months x 3.333 x $2,440).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 98.4%
Above $1,500 92.0%
Above $1,900 84.0%
HOUSEHOLD INCOME RANGE

Approximately 84 of households in this neighborhood have a total annual income of $97,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,440 per month.

MINIMUM INCOME RANGE : $97,600

Income % Distribution
<$20K 0.0%
$20K-$35K 0.0%
$35K-$60K 8.0%
$60K-$100K 8.0%
>=$100K 84.0%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 10.0%
10-14 mins 4.0%
15-19 mins 8.7%
20-29 mins 21.3%
30-44 mins 26.7%
45-59 mins 10.0%
>60 mins 19.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,440 per month.

MY RENT : $2,440 MEDIAN RENT : $2,153

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,440 would therefore be considered affordable for annual household incomes greater than $97,600 (12 months x 3.333 x $2,440).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 98.4%
Above $1,500 92.0%
Above $1,900 84.0%
HOUSEHOLD INCOME RANGE

Approximately 84 of households in this neighborhood have a total annual income of $97,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,440 per month.

MINIMUM INCOME RANGE : $97,600

Income % Distribution
<$20K 0.0%
$20K-$35K 0.0%
$35K-$60K 8.0%
$60K-$100K 8.0%
>=$100K 84.0%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 10.0%
10-14 mins 4.0%
15-19 mins 8.7%
20-29 mins 21.3%
30-44 mins 26.7%
45-59 mins 10.0%
>60 mins 19.3%

Highland Lake North Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.1%
Educational Services 10.3%
Financial Industries 12.0%
Health Care & Social Assistance 13.1%
Manufacturing 20.6%
Professional & Scientific Tech Services 11.4%
Other 23.4%
AGE DISTRIBUTION

63% of the population is between the ages of 25 and 64, 29% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 20.4%
15-19 5.7%
20-24 2.9%
25-44 21.0%
45-65 42.0%
66+ 8.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 16.4%
Healthcare 10.7%
Management, Business, & Financial 36.4%
PCare 4.3%
Sales & Office 15.0%
Social 5.7%
Other 11.4%
HIGHEST EDUCATION LEVEL

34% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.3%
High School 5.8%
Masters Degree 13.9%
Professional 9.4%
Some College 21.5%
Other 43.0%

108 Highland Lake Dr Comps

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108 Highland Lake Dr, Highland Village, TX 75077 is a single family home of 2,962 sqft. HomeUnion INVESTimateĀ® for 108 Highland Lake Dr includes a Price Estimate of $480,873 and a Rent Estimate of $2,440. This single family home has 3 bedrooms,2 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 6.09% and Total Return of 21.47%. The estimated 1 year forecast in home value for 108 Highland Lake Dr is 7.7%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , DENTON County , or the 75077 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 75065
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  3. 76226
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  5. 75028
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  7. 76210