INVESTimate
$68,116
1509 Pellinore St PROPERTY INFO
FACTS
- Built In 1968
- Price/Sqft : $123.35
CONSTRUCTION
- Beds : 0
- Floor Size : 1,732 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
1509 Pellinore St, Borger, TX 79007 is a single family home of 1,732 sqft. HomeUnion estimate for 1509 Pellinore St includes a Price Estimate of $213,647 and a Rent Estimate of $1,231. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1968. This property has an estimated 15 year annualized Yield of 6.91% and Total Return of 7.61%. The estimated 1 year forecast in home value for 1509 Pellinore St is 0%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1509 Pellinore St SCHOOLS
Financial Details
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BORGER
Neighborhood : BORGER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,231 per month.
MY RENT : $1,231 MEDIAN RENT : $960
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 $1,231 would therefore be considered affordable for annual household incomes greater than $49,240 (12 months x 3.333 x $1,231).
HOUSEHOLD INCOME RANGE
Approximately 2,311 of households in this neighborhood have a total annual income of $49,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,231 per month.
MINIMUM INCOME RANGE : $49,240
COMMUTE TIME DISTRIBUTION
19% of the working population has a commute time of 15 to 44 minutes, 70% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
BORGER Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Agriculture, Fishing & Game | 8.4% |
Arts & Entertainment | 8.2% |
Construction | 13.0% |
Health Care & Social Assistance | 7.7% |
Manufacturing | 16.4% |
Retail & Wholesale Trader | 15.1% |
Other | 31.2% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 36% is 24 or younger and 13% is 65 or older.
Age | % Distribution |
---|---|
<15 | 21.8% |
15-19 | 6.7% |
20-24 | 7.8% |
25-44 | 25.5% |
45-65 | 24.9% |
66+ | 13.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 5.0% |
Management, Business, & Financial | 11.0% |
Natural Resources Maintenance | 24.4% |
Production & Transportation | 16.9% |
Protect | 5.5% |
Sales & Office | 19.2% |
Other | 17.9% |
HIGHEST EDUCATION LEVEL
13% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 8.8% |
High School | 32.1% |
Masters Degree | 2.3% |
Some College | 28.4% |
Some High School | 15.3% |
Other | 13.1% |
1509 Pellinore St Comps
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