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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

1121 Larchfield Dr Garland, TX 75042

3 Beds 2 Baths 1,713 sqft Built 1969
Last updated:  Jun 30, 2018

INVESTimate

$206,181

$195K - $218K

Price Est.

$1,574

$1.5K - $1.7K

Rent Est.

$225,459  ( +9.35%)   1 YR EST. FORECAST
  
  
  

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1121 Larchfield Dr PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $120.36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,713 sqft
  • Baths : 2 Full

1121 Larchfield 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

Golden Meadows

  • 5,152

    POPULATION
  • 1,586

    HOUSEHOLDS
  • 40.1%

    WHITE COLLAR

Neighborhood : Golden Meadows

HOUSEHOLDS
1,586
POPULATION

5,152

27.5%Renters
72.5%Home Owners
LABOR FORCE

 

40.1%White Collar
59.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,574 per month.

MY RENT : $1,574 MEDIAN RENT : $1,567

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 32.3%
>=$1,500 67.7%
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 $1,574 would therefore be considered affordable for annual household incomes greater than $62,960 (12 months x 3.333 x $1,574).

Rent % Affordability
Above $500 85.5%
Above $700 74.1%
Above $1,100 50.5%
Above $1,500 24.4%
Above $1,900 16.5%
HOUSEHOLD INCOME RANGE

Approximately 223 of households in this neighborhood have a total annual income of $62,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,574 per month.

MINIMUM INCOME RANGE : $62,960

Income % Distribution
<$20K 14.5%
$20K-$35K 24.8%
$35K-$60K 36.2%
$60K-$100K 16.5%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 6.7%
10-14 mins 8.8%
15-19 mins 11.0%
20-29 mins 24.1%
30-44 mins 35.4%
45-59 mins 7.1%
>60 mins 6.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,574 per month.

MY RENT : $1,574 MEDIAN RENT : $1,567

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 32.3%
>=$1,500 67.7%
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 $1,574 would therefore be considered affordable for annual household incomes greater than $62,960 (12 months x 3.333 x $1,574).

Rent % Affordability
Above $500 85.5%
Above $700 74.1%
Above $1,100 50.5%
Above $1,500 24.4%
Above $1,900 16.5%
HOUSEHOLD INCOME RANGE

Approximately 223 of households in this neighborhood have a total annual income of $62,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,574 per month.

MINIMUM INCOME RANGE : $62,960

Income % Distribution
<$20K 14.5%
$20K-$35K 24.8%
$35K-$60K 36.2%
$60K-$100K 16.5%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 6.7%
10-14 mins 8.8%
15-19 mins 11.0%
20-29 mins 24.1%
30-44 mins 35.4%
45-59 mins 7.1%
>60 mins 6.4%

Golden Meadows Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.4%
Arts & Entertainment 8.4%
Construction 12.3%
Health Care & Social Assistance 6.9%
Manufacturing 13.6%
Retail & Wholesale Trader 16.9%
Other 35.6%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 40% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 24.4%
15-19 10.5%
20-24 4.7%
25-44 27.8%
45-65 23.8%
66+ 8.9%
OCCUPATION

Occupation % Distribution
Clean 4.7%
Education 6.2%
Management, Business, & Financial 6.2%
Natural Resources Maintenance 18.2%
Production & Transportation 22.1%
Sales & Office 29.0%
Other 13.5%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.7%
High School 30.1%
Masters Degree 2.6%
Some College 21.7%
Some High School 30.3%
Other 7.6%

1121 Larchfield Dr Comps

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1121 Larchfield Dr, Garland, TX 75042 is a single family home of 1,713 sqft. HomeUnion INVESTimate® for 1121 Larchfield Dr includes a Price Estimate of $206,181 and a Rent Estimate of $1,574. This single family home has 3 bedrooms,2 bathrooms, and was built in 1969. This property has an estimated 15 year annualized Yield of 9.16% and Total Return of 26.34%. The estimated 1 year forecast in home value for 1121 Larchfield 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