INVESTimate
$69,962
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1106 Rice Dr PROPERTY INFO
FACTS
- Built In 1965
- Price/Sqft : $121.42
CONSTRUCTION
- Beds : 4
- Floor Size : 1,817 sqft
- Baths : 2 Full
1106 Rice Dr SCHOOLS
Financial Details
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Walnut Terrace
Neighborhood : Walnut Terrace
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 $1,611 per month.
MY RENT : $1,611 MEDIAN RENT : $1,377
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 $1,611 would therefore be considered affordable for annual household incomes greater than $64,440 (12 months x 3.333 x $1,611).
HOUSEHOLD INCOME RANGE
Approximately 67 of households in this neighborhood have a total annual income of $64,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,611 per month.
MINIMUM INCOME RANGE : $64,440
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.
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
1106 Rice Dr, Garland, TX 75042 is a single family home of 1,817 sqft. HomeUnion INVESTimate® for 1106 Rice Dr includes a Price Estimate of $220,612 and a Rent Estimate of $1,611. This single family home has 4 bedrooms,2 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 8.76% and Total Return of 25.79%. The estimated 1 year forecast in home value for 1106 Rice Dr 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