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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

1502 Shady Shores Dr Glenn Heights, TX 75154

3 Beds 2 Baths 1,607 sqft Built 2006
Last updated:  Oct 23, 2019

INVESTimate

$212,815

$198K - $228K

Price Est.

$1,511

$1.4K - $1.6K

Rent Est.

$231,841  ( +8.94%)   1 YR EST. FORECAST
  
  
  

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1502 Shady Shores Dr PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $132.43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,607 sqft
  • Baths : 2 Full

1502 Shady Shores Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FRANK D. MOATES ELEMENTARY SCHOOL Primary Regular 645 38 4
CURTISTENE S MCCOWAN MIDDLE SCHOOL Middle Regular 872 57 3

FRANK D. MOATES ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 38
4
GreatSchools Rating

CURTISTENE S MCCOWAN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 57
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Heritage Lakes

  • 524

    POPULATION
  • 155

    HOUSEHOLDS
  • 59.5%

    WHITE COLLAR

Neighborhood : Heritage Lakes

HOUSEHOLDS
155
POPULATION

524

21.7%Renters
78.3%Home Owners
LABOR FORCE

 

59.5%White Collar
40.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,511 per month.

MY RENT : $1,511 MEDIAN RENT : $1,552

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 30.8%
>=$1,500 69.2%
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 $1,511 would therefore be considered affordable for annual household incomes greater than $60,440 (12 months x 3.333 x $1,511).

Rent % Affordability
Above $500 96.8%
Above $700 93.6%
Above $1,100 72.1%
Above $1,500 59.0%
Above $1,900 41.8%
HOUSEHOLD INCOME RANGE

Approximately 64 of households in this neighborhood have a total annual income of $60,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,511 per month.

MINIMUM INCOME RANGE : $60,440

Income % Distribution
<$20K 3.2%
$20K-$35K 7.7%
$35K-$60K 30.1%
$60K-$100K 30.1%
>=$100K 28.8%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 13% 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 0.0%
5-9 mins 10.2%
10-14 mins 2.4%
15-19 mins 14.1%
20-29 mins 11.7%
30-44 mins 31.7%
45-59 mins 17.1%
>60 mins 12.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,511 per month.

MY RENT : $1,511 MEDIAN RENT : $1,552

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 30.8%
>=$1,500 69.2%
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 $1,511 would therefore be considered affordable for annual household incomes greater than $60,440 (12 months x 3.333 x $1,511).

Rent % Affordability
Above $500 96.8%
Above $700 93.6%
Above $1,100 72.1%
Above $1,500 59.0%
Above $1,900 41.8%
HOUSEHOLD INCOME RANGE

Approximately 64 of households in this neighborhood have a total annual income of $60,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,511 per month.

MINIMUM INCOME RANGE : $60,440

Income % Distribution
<$20K 3.2%
$20K-$35K 7.7%
$35K-$60K 30.1%
$60K-$100K 30.1%
>=$100K 28.8%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 13% 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 0.0%
5-9 mins 10.2%
10-14 mins 2.4%
15-19 mins 14.1%
20-29 mins 11.7%
30-44 mins 31.7%
45-59 mins 17.1%
>60 mins 12.7%

Heritage Lakes Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.2%
Financial Industries 12.0%
Health Care & Social Assistance 15.5%
Professional & Scientific Tech Services 8.6%
Retail & Wholesale Trader 11.2%
Transportation 10.7%
Other 33.9%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 39% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 25.8%
15-19 6.5%
20-24 6.7%
25-44 29.8%
45-65 24.0%
66+ 7.3%
OCCUPATION

Occupation % Distribution
Healthcare 10.2%
Legal 6.4%
Management, Business, & Financial 12.8%
Natural Resources Maintenance 8.6%
Production & Transportation 16.0%
Sales & Office 28.9%
Other 17.1%
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 7.4%
High School 24.9%
Masters Degree 4.2%
Some College 26.7%
Some High School 17.5%
Other 19.3%

1502 Shady Shores Dr Comps

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1502 Shady Shores Dr, Glenn Heights, TX 75154 is a single family home of 1,607 sqft. HomeUnion INVESTimateĀ® for 1502 Shady Shores Dr includes a Price Estimate of $212,815 and a Rent Estimate of $1,511. This single family home has 3 bedrooms,2 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 8.52% and Total Return of 27.39%. The estimated 1 year forecast in home value for 1502 Shady Shores Dr is 8.94%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , DALLAS County , or the 75154 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 75115
  2. 75104