INVESTimate
$56,251
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OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1230 Oriole Ln PROPERTY INFO
FACTS
- Built In 1958
- Price/Sqft : $151.05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,118 sqft
- Baths : 1 Full
1230 Oriole Ln SCHOOLS
Financial Details
See Financial Details
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Meadow Lark Estates
Neighborhood : Meadow Lark Estates
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,274 per month.
MY RENT : $1,274 MEDIAN RENT : $1,440
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 $1,274 would therefore be considered affordable for annual household incomes greater than $50,960 (12 months x 3.333 x $1,274).
HOUSEHOLD INCOME RANGE
Approximately 130 of households in this neighborhood have a total annual income of $50,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,274 per month.
MINIMUM INCOME RANGE : $50,960
COMMUTE TIME DISTRIBUTION
51% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 33% has a commute time of 45 minutes or longer.
Meadow Lark Estates Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 13.9% |
Arts & Entertainment | 9.0% |
Construction | 13.7% |
Educational Services | 7.0% |
Manufacturing | 8.7% |
Retail & Wholesale Trader | 17.2% |
Other | 30.6% |
AGE DISTRIBUTION
42% of the population is between the ages of 25 and 64, 44% is 24 or younger and 13% is 65 or older.
Age | % Distribution |
---|---|
<15 | 25.7% |
15-19 | 7.9% |
20-24 | 10.7% |
25-44 | 17.1% |
45-65 | 25.1% |
66+ | 13.4% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 7.3% |
Construction | 3.6% |
Management, Business, & Financial | 6.9% |
Natural Resources Maintenance | 14.9% |
Production & Transportation | 10.2% |
Sales & Office | 45.8% |
Other | 11.3% |
HIGHEST EDUCATION LEVEL
8% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 5.0% |
High School | 28.3% |
Masters Degree | 3.0% |
Some College | 17.9% |
Some High School | 26.1% |
Other | 19.7% |
1230 Oriole Ln Comps
1230 Oriole Ln, Garland, TX 75042 is a single family home of 1,118 sqft. HomeUnion INVESTimate® for 1230 Oriole Ln includes a Price Estimate of $168,872 and a Rent Estimate of $1,274. This single family home has 3 bedrooms,1 bathrooms, and was built in 1958. This property has an estimated 15 year annualized Yield of 9.05% and Total Return of 25.17%. The estimated 1 year forecast in home value for 1230 Oriole Ln 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