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This page contains information about each property aggregated from public data sources, 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.

117 E Alvarado Laredo, TX 78043

0 Beds 0 Baths 1,216 sqft Built 2013
Last updated:  Oct 23, 2019

INVESTimate

$151,315

$135K - $167K

Price Est.

$848

794 - 902

Rent Est.

$158,684  ( +4.87%)   1 YR EST. FORECAST

117 E Alvarado PROPERTY INFO

FACTS
  • Built In 2013
  • Price/Sqft : $124.44
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,216 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
117 E Alvarado, Laredo, TX 78043 is a single family home of 1,216 sqft. HomeUnion estimate for 117 E Alvarado includes a Price Estimate of $151,315 and a Rent Estimate of $848. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2013. This property has an estimated 15 year annualized Yield of 6.73% and Total Return of 12.47%. The estimated 1 year forecast in home value for 117 E Alvarado is 4.87%.
  
  
  

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117 E Alvarado SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

LAREDO

  • 45,297

    POPULATION
  • 12,349

    HOUSEHOLDS
  • 42.9%

    WHITE COLLAR

Neighborhood : LAREDO

HOUSEHOLDS
12,349
POPULATION

45,297

42.7%Renters
57.3%Home Owners
LABOR FORCE

 

42.9%White Collar
57.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $848 per month.

MY RENT : $848 MEDIAN RENT : $1,045

Rent % Distribution LEVEL
$500-699 0.1%
$700-899 26.0%
$900-999 17.1%
$1,000-1,499 52.6%
>=$1,500 4.2%
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 $848 would therefore be considered affordable for annual household incomes greater than $33,920 (12 months x 3.333 x $848).

Rent % Affordability
Above $500 70.1%
Above $700 57.9%
Above $1,100 39.5%
Above $1,500 27.9%
Above $1,900 20.2%
HOUSEHOLD INCOME RANGE

Approximately 30,620 of households in this neighborhood have a total annual income of $33,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $848 per month.

MINIMUM INCOME RANGE : $33,920

Income % Distribution
<$20K 29.9%
$20K-$35K 22.1%
$35K-$60K 20.1%
$60K-$100K 16.7%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 7.9%
10-14 mins 16.2%
15-19 mins 24.3%
20-29 mins 21.7%
30-44 mins 17.1%
45-59 mins 5.5%
>60 mins 5.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $848 per month.

MY RENT : $848 MEDIAN RENT : $1,045

Rent % Distribution
$500-699 0.1%
$700-899 26.0%
$900-999 17.1%
$1,000-1,499 52.6%
>=$1,500 4.2%
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 $848 would therefore be considered affordable for annual household incomes greater than $33,920 (12 months x 3.333 x $848).

Rent % Affordability
Above $500 70.1%
Above $700 57.9%
Above $1,100 39.5%
Above $1,500 27.9%
Above $1,900 20.2%
HOUSEHOLD INCOME RANGE

Approximately 30,620 of households in this neighborhood have a total annual income of $33,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $848 per month.

MINIMUM INCOME RANGE : $33,920

Income % Distribution
<$20K 29.9%
$20K-$35K 22.1%
$35K-$60K 20.1%
$60K-$100K 16.7%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 7.9%
10-14 mins 16.2%
15-19 mins 24.3%
20-29 mins 21.7%
30-44 mins 17.1%
45-59 mins 5.5%
>60 mins 5.1%

LAREDO Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.6%
Construction 8.2%
Educational Services 11.5%
Health Care & Social Assistance 14.2%
Retail & Wholesale Trader 12.4%
Transportation 11.1%
Other 32.1%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 47% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 28.5%
15-19 8.7%
20-24 9.3%
25-44 25.9%
45-65 18.0%
66+ 9.6%
OCCUPATION

Occupation % Distribution
Construction 6.9%
Education 6.6%
Management, Business, & Financial 8.5%
Natural Resources Maintenance 15.7%
Production & Transportation 14.8%
Sales & Office 22.1%
Other 25.4%
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 5.7%
High School 29.0%
Masters Degree 3.2%
Some College 15.2%
Some High School 37.5%
Other 9.4%

117 E Alvarado Comps

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