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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

1229 County Road 1300 Savoy, TX 75479

0 Beds 1 Baths 192 sqft Built 1991
Last updated:  Jan 23, 2020

INVESTimate

$269,547

$243K - $296K

Price Est.

$803

698 - 908

Rent Est.

$290,248  ( +7.68%)   1 YR EST. FORECAST
  
  
  

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1229 County Road 1300 PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $1,403.89
CONSTRUCTION
  • Beds : 0
  • Floor Size : 192 sqft
  • Baths : 1 Full

1229 County Road 1300 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SAVOY ELEMENTARY SCHOOL Primary Regular 146 13 8
SAVOY ELEMENTARY SCHOOL Middle Regular 146 13 8
SAVOY HIGH SCHOOL High Regular 145 14 8

SAVOY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 146
  • # of teachers: 13
8
GreatSchools Rating

SAVOY ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 146
  • # of teachers: 13
8
GreatSchools Rating

SAVOY HIGH SCHOOL

  • Education Level: High
  • # of students: 145
  • # of teachers: 14
8
GreatSchools Rating
 

Financial Details

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Neighborhood

SAVOY

  • 1,754

    POPULATION
  • 654

    HOUSEHOLDS
  • 58.0%

    WHITE COLLAR

Neighborhood : SAVOY

HOUSEHOLDS
654
POPULATION

1,754

20.3%Renters
79.7%Home Owners
LABOR FORCE

 

58.0%White Collar
42.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $803 per month.

MY RENT : $803 MEDIAN RENT : $1,113

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 17.1%
$900-999 18.5%
$1,000-1,499 57.6%
>=$1,500 6.8%
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 $803 would therefore be considered affordable for annual household incomes greater than $32,120 (12 months x 3.333 x $803).

Rent % Affordability
Above $500 83.3%
Above $700 71.8%
Above $1,100 54.8%
Above $1,500 34.2%
Above $1,900 26.8%
HOUSEHOLD INCOME RANGE

Approximately 1,433 of households in this neighborhood have a total annual income of $32,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $803 per month.

MINIMUM INCOME RANGE : $32,120

Income % Distribution
<$20K 16.7%
$20K-$35K 16.8%
$35K-$60K 32.3%
$60K-$100K 21.7%
>=$100K 12.4%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 6.6%
10-14 mins 9.5%
15-19 mins 11.1%
20-29 mins 27.7%
30-44 mins 26.4%
45-59 mins 7.6%
>60 mins 9.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $803 per month.

MY RENT : $803 MEDIAN RENT : $1,113

Rent % Distribution
$500-699 0.0%
$700-899 17.1%
$900-999 18.5%
$1,000-1,499 57.6%
>=$1,500 6.8%
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 $803 would therefore be considered affordable for annual household incomes greater than $32,120 (12 months x 3.333 x $803).

Rent % Affordability
Above $500 83.3%
Above $700 71.8%
Above $1,100 54.8%
Above $1,500 34.2%
Above $1,900 26.8%
HOUSEHOLD INCOME RANGE

Approximately 1,433 of households in this neighborhood have a total annual income of $32,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $803 per month.

MINIMUM INCOME RANGE : $32,120

Income % Distribution
<$20K 16.7%
$20K-$35K 16.8%
$35K-$60K 32.3%
$60K-$100K 21.7%
>=$100K 12.4%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 6.6%
10-14 mins 9.5%
15-19 mins 11.1%
20-29 mins 27.7%
30-44 mins 26.4%
45-59 mins 7.6%
>60 mins 9.5%

SAVOY Demographics

INDUSTRY

Industry % Distribution
Construction 5.9%
Educational Services 16.1%
Health Care & Social Assistance 14.9%
Manufacturing 14.6%
Professional & Scientific Tech Services 6.8%
Retail & Wholesale Trader 13.4%
Other 28.5%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 29% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 14.7%
15-19 7.7%
20-24 6.8%
25-44 19.5%
45-65 28.2%
66+ 23.1%
OCCUPATION

Occupation % Distribution
Construction 10.6%
Healthcare 10.0%
Management, Business, & Financial 12.3%
Natural Resources Maintenance 11.2%
Production & Transportation 19.6%
Sales & Office 17.5%
Other 18.9%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.4%
High School 33.9%
Masters Degree 5.2%
Some College 27.5%
Some High School 13.8%
Other 10.1%

1229 County Road 1300 Comps

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1229 County Road 1300, Savoy, TX 75479 is a single family home of 192 sqft. HomeUnion INVESTimateĀ® for 1229 County Road 1300 includes a Price Estimate of $269,547 and a Rent Estimate of $803. This single family home has 0 bedrooms,1 bathrooms, and was built in 1991. This property has an estimated 15 year annualized Yield of 3.57% and Total Return of 13.22%. The estimated 1 year forecast in home value for 1229 County Road 1300 is 7.68%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , FANNIN County , or the 75479 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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