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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

1415 Parker Rd Wylie, TX 75098

4 Beds 3 Baths 3,423 sqft Built 1965
Last updated:  Nov 28, 2019

INVESTimate

$470,312

$435K - $505K

Price Est.

$2,259

$2.1K - $2.4K

Rent Est.

$511,935  ( +8.85%)   1 YR EST. FORECAST
  
  
  

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1415 Parker Rd PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $137.40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,423 sqft
  • Baths : 3 Full

1415 Parker Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RITA SMITH ELEMENTARY SCHOOL Primary Regular 611 39 9
FRANK MCMILLAN JUNIOR HIGH SCHOOL Middle Regular 633 37 8
WYLIE HIGH SCHOOL High Regular 1,738 115 8

RITA SMITH ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 39
9
GreatSchools Rating

FRANK MCMILLAN JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 633
  • # of teachers: 37
8
GreatSchools Rating

WYLIE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,738
  • # of teachers: 115
8
GreatSchools Rating
 

Financial Details

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Neighborhood

WYLIE

  • 54,943

    POPULATION
  • 17,015

    HOUSEHOLDS
  • 71.7%

    WHITE COLLAR

Neighborhood : WYLIE

HOUSEHOLDS
17,015
POPULATION

54,943

19.2%Renters
80.8%Home Owners
LABOR FORCE

 

71.7%White Collar
28.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,259 per month.

MY RENT : $2,259 MEDIAN RENT : $1,817

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 13.7%
>=$1,500 85.9%
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 $2,259 would therefore be considered affordable for annual household incomes greater than $90,360 (12 months x 3.333 x $2,259).

Rent % Affordability
Above $500 94.2%
Above $700 90.8%
Above $1,100 81.1%
Above $1,500 68.2%
Above $1,900 57.9%
HOUSEHOLD INCOME RANGE

Approximately 7,777 of households in this neighborhood have a total annual income of $90,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,259 per month.

MINIMUM INCOME RANGE : $90,360

Income % Distribution
<$20K 5.8%
$20K-$35K 6.5%
$35K-$60K 19.4%
$60K-$100K 24.9%
>=$100K 43.3%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.1%
5-9 mins 6.9%
10-14 mins 5.7%
15-19 mins 7.5%
20-29 mins 18.4%
30-44 mins 29.8%
45-59 mins 16.2%
>60 mins 13.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,259 per month.

MY RENT : $2,259 MEDIAN RENT : $1,817

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 13.7%
>=$1,500 85.9%
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 $2,259 would therefore be considered affordable for annual household incomes greater than $90,360 (12 months x 3.333 x $2,259).

Rent % Affordability
Above $500 94.2%
Above $700 90.8%
Above $1,100 81.1%
Above $1,500 68.2%
Above $1,900 57.9%
HOUSEHOLD INCOME RANGE

Approximately 7,777 of households in this neighborhood have a total annual income of $90,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,259 per month.

MINIMUM INCOME RANGE : $90,360

Income % Distribution
<$20K 5.8%
$20K-$35K 6.5%
$35K-$60K 19.4%
$60K-$100K 24.9%
>=$100K 43.3%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.1%
5-9 mins 6.9%
10-14 mins 5.7%
15-19 mins 7.5%
20-29 mins 18.4%
30-44 mins 29.8%
45-59 mins 16.2%
>60 mins 13.5%

WYLIE Demographics

INDUSTRY

Industry % Distribution
Educational Services 10.6%
Financial Industries 7.6%
Health Care & Social Assistance 10.7%
Manufacturing 11.5%
Professional & Scientific Tech Services 8.9%
Retail & Wholesale Trader 14.1%
Other 36.5%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 39% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 25.7%
15-19 7.7%
20-24 5.2%
25-44 29.3%
45-65 24.1%
66+ 7.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.8%
Construction 8.7%
Management, Business, & Financial 19.7%
Natural Resources Maintenance 9.6%
Production & Transportation 8.1%
Sales & Office 25.5%
Other 17.6%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.9%
High School 24.0%
Masters Degree 7.7%
Some College 23.5%
Some High School 8.7%
Other 27.1%

1415 Parker Rd Comps

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1415 Parker Rd, Wylie, TX 75098 is a single family home of 3,423 sqft. HomeUnion INVESTimateĀ® for 1415 Parker Rd includes a Price Estimate of $470,312 and a Rent Estimate of $2,259. This single family home has 4 bedrooms,3 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 5.76% and Total Return of 18.75%. The estimated 1 year forecast in home value for 1415 Parker Rd is 8.85%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , COLLIN County , or the 75098 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 75002