INVESTimate
$64,642
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1105 Ridge Way PROPERTY INFO
FACTS
- Built In 1966
- Price/Sqft : $109.46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,832 sqft
- Baths : 2 Full
1105 Ridge Way SCHOOLS
Financial Details
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Western Heights
Neighborhood : Western Heights
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 26% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,557 per month.
MY RENT : $1,557 MEDIAN RENT : $1,410
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 $1,557 would therefore be considered affordable for annual household incomes greater than $62,280 (12 months x 3.333 x $1,557).
HOUSEHOLD INCOME RANGE
Approximately 349 of households in this neighborhood have a total annual income of $62,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,557 per month.
MINIMUM INCOME RANGE : $62,280
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
Western Heights Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 5.3% |
Arts & Entertainment | 16.9% |
Construction | 11.9% |
Health Care & Social Assistance | 5.6% |
Manufacturing | 14.9% |
Retail & Wholesale Trader | 13.0% |
Other | 32.3% |
AGE DISTRIBUTION
43% of the population is between the ages of 25 and 64, 51% is 24 or younger and 7% is 65 or older.
Age | % Distribution |
---|---|
<15 | 30.1% |
15-19 | 10.2% |
20-24 | 10.3% |
25-44 | 21.3% |
45-65 | 21.2% |
66+ | 6.8% |
OCCUPATION
Occupation | % Distribution |
---|---|
Education | 14.1% |
Management, Business, & Financial | 10.9% |
Natural Resources Maintenance | 18.9% |
PCare | 9.5% |
Production & Transportation | 20.4% |
Sales & Office | 10.6% |
Other | 15.7% |
HIGHEST EDUCATION LEVEL
9% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 5.3% |
High School | 22.6% |
Masters Degree | 3.3% |
Some College | 18.4% |
Some High School | 43.3% |
Other | 7.1% |
1105 Ridge Way Comps
1105 Ridge Way, Garland, TX 75042 is a single family home of 1,832 sqft. HomeUnion INVESTimate® for 1105 Ridge Way includes a Price Estimate of $200,537 and a Rent Estimate of $1,557. This single family home has 3 bedrooms,2 bathrooms, and was built in 1966. This property has an estimated 15 year annualized Yield of 9.32% and Total Return of 27.33%. The estimated 1 year forecast in home value for 1105 Ridge Way is 9.35%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX, DALLAS County, or the 75042 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2