1. < Rice Dr

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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

1106 Rice Dr Garland, TX 75042

4 Beds 2 Baths 1,817 sqft Built 1965
Last updated:  Oct 23, 2019

INVESTimate

$240,751

$216K - $265K

Price Est.

$1,563

$1.5K - $1.7K

Rent Est.

$75,299

Investment Est.

$271,736  ( +12.87%)   1 YR EST. FORECAST

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1106 Rice Dr PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $132.50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,817 sqft
  • Baths : 2 Full

1106 Rice Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HILLSIDE ACADEMY FOR EXCEL Primary Magnet 446 29 10
CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL Middle Magnet 1,153 62 8
SACHSE HIGH SCHOOL High Regular 2,609 152 7

HILLSIDE ACADEMY FOR EXCEL

  • Education Level: Primary
  • # of students: 446
  • # of teachers: 29
10
GreatSchools Rating

CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 62
8
GreatSchools Rating

SACHSE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,609
  • # of teachers: 152
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Walnut Terrace

  • 1,939

    POPULATION

  • 546

    HOUSEHOLDS

  • 32.0%

    WHITE COLLAR

Neighborhood : Walnut Terrace

HOUSEHOLDS
546
POPULATION

1,939

28.1%Renters
71.9%Home Owners
LABOR FORCE

 

32.0%White Collar
68.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,563 per month.

MY RENT : $1,563 MEDIAN RENT : $1,377

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 85.0%
>=$1,500 15.0%
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 $1,563 would therefore be considered affordable for annual household incomes greater than $62,520 (12 months x 3.333 x $1,563).

Rent % Affordability
Above $500 80.8%
Above $700 72.8%
Above $1,100 48.3%
Above $1,500 25.6%
Above $1,900 20.9%
HOUSEHOLD INCOME RANGE

Approximately 69 of households in this neighborhood have a total annual income of $62,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,563 per month.

MINIMUM INCOME RANGE : $62,520

Income % Distribution
<$20K 19.2%
$20K-$35K 17.9%
$35K-$60K 37.3%
$60K-$100K 20.8%
>=$100K 4.8%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 6.4%
10-14 mins 10.8%
15-19 mins 20.4%
20-29 mins 22.3%
30-44 mins 30.5%
45-59 mins 6.6%
>60 mins 1.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,563 per month.

MY RENT : $1,563 MEDIAN RENT : $1,377

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 85.0%
>=$1,500 15.0%
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 $1,563 would therefore be considered affordable for annual household incomes greater than $62,520 (12 months x 3.333 x $1,563).

Rent % Affordability
Above $500 80.8%
Above $700 72.8%
Above $1,100 48.3%
Above $1,500 25.6%
Above $1,900 20.9%
HOUSEHOLD INCOME RANGE

Approximately 69 of households in this neighborhood have a total annual income of $62,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,563 per month.

MINIMUM INCOME RANGE : $62,520

Income % Distribution
<$20K 19.2%
$20K-$35K 17.9%
$35K-$60K 37.3%
$60K-$100K 20.8%
>=$100K 4.8%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 6.4%
10-14 mins 10.8%
15-19 mins 20.4%
20-29 mins 22.3%
30-44 mins 30.5%
45-59 mins 6.6%
>60 mins 1.6%
Walnut Terrace Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 21.4%
Construction 10.2%
Educational Services 8.3%
Health Care & Social Assistance 6.7%
Manufacturing 10.8%
Retail & Wholesale Trader 19.6%
Other 23.1%
OCCUPATION

           

Occupation % Distribution
Clean 10.0%
Education 20.1%
Management, Business, & Financial 9.8%
Natural Resources Maintenance 15.6%
Production & Transportation 19.5%
Sales & Office 19.8%
Other 5.3%
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 25.8%
15-19 7.4%
20-24 10.7%
25-44 26.9%
45-65 17.4%
66+ 11.8%
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 6.4%
High School 31.8%
Masters Degree 3.7%
Some College 13.2%
Some High School 35.3%
Other 9.6%

Walnut Terrace Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 21.4%
Construction 10.2%
Educational Services 8.3%
Health Care & Social Assistance 6.7%
Manufacturing 10.8%
Retail & Wholesale Trader 19.6%
Other 23.1%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 44% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 25.8%
15-19 7.4%
20-24 10.7%
25-44 26.9%
45-65 17.4%
66+ 11.8%
OCCUPATION

Occupation % Distribution
Clean 10.0%
Education 20.1%
Management, Business, & Financial 9.8%
Natural Resources Maintenance 15.6%
Production & Transportation 19.5%
Sales & Office 19.8%
Other 5.3%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.4%
High School 31.8%
Masters Degree 3.7%
Some College 13.2%
Some High School 35.3%
Other 9.6%

1106 Rice Dr Comps

Sorry, we do not have sufficient data available.

1106 Rice Dr, Garland, TX 75042 is a single family home of 1,817 sqft. HomeUnion INVESTimateĀ® for 1106 Rice Dr includes a Price Estimate of $240,751 and a Rent Estimate of $1,563. This single family home has 4 bedrooms,2 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 7.79% and Total Return of 36.87%. The estimated 1 year forecast in home value for 1106 Rice Dr is 12.87%.

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

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