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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

1101 N Clements St Gainesville, TX 76240

3 Beds 2 Baths 1,056 sqft Built 0
Last updated:  Dec 26, 2019

INVESTimate

$118,962

$104K - $134K

Price Est.

$1,138

989 - $1.3K

Rent Est.

$43,025

Investment Est.

$127,563  ( +7.23%)   1 YR EST. FORECAST

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1101 N Clements St PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $112.65
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,056 sqft
  • Baths : 2 Full

1101 N Clements St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EDISON ELEMENTARY SCHOOL Primary Regular 633 34 NA
GAINESVILLE MIDDLE SCHOOL Middle Regular 566 35 NA
GAINESVILLE HIGH SCHOOL High Regular 645 50 5

EDISON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 34
-1
GreatSchools Rating

GAINESVILLE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 566
  • # of teachers: 35
-1
GreatSchools Rating

GAINESVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 645
  • # of teachers: 50
5
GreatSchools Rating
 

Financial Details

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Neighborhood

GAINESVILLE

  • 26,956

    POPULATION

  • 10,543

    HOUSEHOLDS

  • 52.2%

    WHITE COLLAR

Neighborhood : GAINESVILLE

HOUSEHOLDS
10,543
POPULATION

26,956

35.6%Renters
64.4%Home Owners
LABOR FORCE

 

52.2%White Collar
47.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,138 per month.

MY RENT : $1,138 MEDIAN RENT : $1,235

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 3.8%
$900-999 19.8%
$1,000-1,499 48.9%
>=$1,500 27.6%
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 $1,138 would therefore be considered affordable for annual household incomes greater than $45,520 (12 months x 3.333 x $1,138).

Rent % Affordability
Above $500 86.0%
Above $700 78.4%
Above $1,100 58.9%
Above $1,500 46.2%
Above $1,900 34.5%
HOUSEHOLD INCOME RANGE

Approximately 5,434 of households in this neighborhood have a total annual income of $45,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,138 per month.

MINIMUM INCOME RANGE : $45,520

Income % Distribution
<$20K 14.0%
$20K-$35K 17.7%
$35K-$60K 22.2%
$60K-$100K 24.0%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 18.6%
10-14 mins 19.8%
15-19 mins 18.0%
20-29 mins 13.1%
30-44 mins 10.9%
45-59 mins 5.9%
>60 mins 10.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,138 per month.

MY RENT : $1,138 MEDIAN RENT : $1,235

Rent % Distribution
$500-699 0.0%
$700-899 3.8%
$900-999 19.8%
$1,000-1,499 48.9%
>=$1,500 27.6%
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 $1,138 would therefore be considered affordable for annual household incomes greater than $45,520 (12 months x 3.333 x $1,138).

Rent % Affordability
Above $500 86.0%
Above $700 78.4%
Above $1,100 58.9%
Above $1,500 46.2%
Above $1,900 34.5%
HOUSEHOLD INCOME RANGE

Approximately 5,434 of households in this neighborhood have a total annual income of $45,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,138 per month.

MINIMUM INCOME RANGE : $45,520

Income % Distribution
<$20K 14.0%
$20K-$35K 17.7%
$35K-$60K 22.2%
$60K-$100K 24.0%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 18.6%
10-14 mins 19.8%
15-19 mins 18.0%
20-29 mins 13.1%
30-44 mins 10.9%
45-59 mins 5.9%
>60 mins 10.6%
GAINESVILLE Demographics
INDUSTRY

           

Industry % Distribution
Agriculture, Fishing & Game 7.7%
Arts & Entertainment 15.4%
Educational Services 10.0%
Health Care & Social Assistance 9.8%
Manufacturing 16.4%
Retail & Wholesale Trader 11.5%
Other 29.1%
OCCUPATION

           

Occupation % Distribution
Construction 5.7%
Healthcare 5.7%
Management, Business, & Financial 13.8%
Natural Resources Maintenance 11.3%
Production & Transportation 19.5%
Sales & Office 22.1%
Other 21.9%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 20.3%
15-19 6.4%
20-24 6.4%
25-44 22.5%
45-65 26.6%
66+ 17.9%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 7.4%
High School 30.2%
Masters Degree 5.4%
Some College 26.4%
Some High School 15.3%
Other 15.2%

GAINESVILLE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 7.7%
Arts & Entertainment 15.4%
Educational Services 10.0%
Health Care & Social Assistance 9.8%
Manufacturing 16.4%
Retail & Wholesale Trader 11.5%
Other 29.1%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 33% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 20.3%
15-19 6.4%
20-24 6.4%
25-44 22.5%
45-65 26.6%
66+ 17.9%
OCCUPATION

Occupation % Distribution
Construction 5.7%
Healthcare 5.7%
Management, Business, & Financial 13.8%
Natural Resources Maintenance 11.3%
Production & Transportation 19.5%
Sales & Office 22.1%
Other 21.9%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.4%
High School 30.2%
Masters Degree 5.4%
Some College 26.4%
Some High School 15.3%
Other 15.2%

1101 N Clements St Comps

Sorry, we do not have sufficient data available.

1101 N Clements St, Gainesville, TX 76240 is a single family home of 1,056 sqft. HomeUnion INVESTimateĀ® for 1101 N Clements St includes a Price Estimate of $118,962 and a Rent Estimate of $1,138. This single family home has 3 bedrooms,2 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 11.48% and Total Return of 28.08%. The estimated 1 year forecast in home value for 1101 N Clements St is 7.23%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , COOKE County , or the 76240 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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