INVESTimate
$34,038
Financial Details1105 Illinois St PROPERTY INFO
FACTS
- Built In 0
- Price/Sqft : $105.52
CONSTRUCTION
- Beds : 0
- Floor Size : 806 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
1105 Illinois St, Borger, TX 79007 is a single family home of 806 sqft. HomeUnion estimate for 1105 Illinois St includes a Price Estimate of $85,050 and a Rent Estimate of $820. This single family home has 0 bedrooms, 1 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 11.57% and Total Return of 15.80%. The estimated 1 year forecast in home value for 1105 Illinois St is 0%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1105 Illinois St SCHOOLS
Financial Details
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BORGER
Neighborhood : BORGER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $820 per month.
MY RENT : $820 MEDIAN RENT : $960
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 $820 would therefore be considered affordable for annual household incomes greater than $32,800 (12 months x 3.333 x $820).
HOUSEHOLD INCOME RANGE
Approximately 11,373 of households in this neighborhood have a total annual income of $32,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $820 per month.
MINIMUM INCOME RANGE : $32,800
COMMUTE TIME DISTRIBUTION
19% of the working population has a commute time of 15 to 44 minutes, 70% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
BORGER Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 8.4% |
| Arts & Entertainment | 8.2% |
| Construction | 13.0% |
| Health Care & Social Assistance | 7.7% |
| Manufacturing | 16.4% |
| Retail & Wholesale Trader | 15.1% |
| Other | 31.2% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 36% is 24 or younger and 13% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 21.8% |
| 15-19 | 6.7% |
| 20-24 | 7.8% |
| 25-44 | 25.5% |
| 45-65 | 24.9% |
| 66+ | 13.1% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 5.0% |
| Management, Business, & Financial | 11.0% |
| Natural Resources Maintenance | 24.4% |
| Production & Transportation | 16.9% |
| Protect | 5.5% |
| Sales & Office | 19.2% |
| Other | 17.9% |
HIGHEST EDUCATION LEVEL
13% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 8.8% |
| High School | 32.1% |
| Masters Degree | 2.3% |
| Some College | 28.4% |
| Some High School | 15.3% |
| Other | 13.1% |
1105 Illinois St Comps
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