Financials
INVESTimate
$75,594
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1105 Ridge Way PROPERTY INFO
FACTS
- Built In 1966
- Price/Sqft : $132.02
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 $1,556 per month.
MY RENT : $1,556 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 $1,556 would therefore be considered affordable for annual household incomes greater than $62,240 (12 months x 3.333 x $1,556).
HOUSEHOLD INCOME RANGE
Approximately 349 of households in this neighborhood have a total annual income of $62,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,556 per month.
MINIMUM INCOME RANGE : $62,240
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
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1105 Ridge Way, Garland, TX 75042 is a single family home of 1,832 sqft. HomeUnion INVESTimateĀ® for 1105 Ridge Way includes a Price Estimate of $241,864 and a Rent Estimate of $1,556. This single family home has 3 bedrooms,2 bathrooms, and was built in 1966. This property has an estimated 15 year annualized Yield of 7.72% and Total Return of 36.16%. The estimated 1 year forecast in home value for 1105 Ridge Way is 12.14%.
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
