1. < Melrose Cir

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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

1610 Melrose Cir Garland, TX 75042

3 Beds 2 Baths 1,347 sqft Built 1970
Last updated:  Jul 29, 2016

INVESTimate

$132,478

$125K - $140K

Price Est.

$1,366

$1.3K - $1.5K

Rent Est.

$46,607

Investment Est.

$144,865  ( +9.35%)   1 YR EST. FORECAST

Browse real estate investments on Melrose Cir

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1610 Melrose Cir PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $98.35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,347 sqft
  • Baths : 2 Full

1610 Melrose Cir SCHOOLS

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Financial Details

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Neighborhood

Golden Meadows

  • 5,152

    POPULATION

  • 1,586

    HOUSEHOLDS

  • 40.1%

    WHITE COLLAR

Neighborhood : Golden Meadows

HOUSEHOLDS
1,586
POPULATION

5,152

27.5%Renters
72.5%Home Owners
LABOR FORCE

 

40.1%White Collar
59.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,366 per month.

MY RENT : $1,366 MEDIAN RENT : $1,567

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 32.3%
>=$1,500 67.7%
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 $1,366 would therefore be considered affordable for annual household incomes greater than $54,640 (12 months x 3.333 x $1,366).

Rent % Affordability
Above $500 85.5%
Above $700 74.1%
Above $1,100 50.5%
Above $1,500 24.4%
Above $1,900 16.5%
HOUSEHOLD INCOME RANGE

Approximately 439 of households in this neighborhood have a total annual income of $54,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,366 per month.

MINIMUM INCOME RANGE : $54,640

Income % Distribution
<$20K 14.5%
$20K-$35K 24.8%
$35K-$60K 36.2%
$60K-$100K 16.5%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 6.7%
10-14 mins 8.8%
15-19 mins 11.0%
20-29 mins 24.1%
30-44 mins 35.4%
45-59 mins 7.1%
>60 mins 6.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,366 per month.

MY RENT : $1,366 MEDIAN RENT : $1,567

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 32.3%
>=$1,500 67.7%
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 $1,366 would therefore be considered affordable for annual household incomes greater than $54,640 (12 months x 3.333 x $1,366).

Rent % Affordability
Above $500 85.5%
Above $700 74.1%
Above $1,100 50.5%
Above $1,500 24.4%
Above $1,900 16.5%
HOUSEHOLD INCOME RANGE

Approximately 439 of households in this neighborhood have a total annual income of $54,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,366 per month.

MINIMUM INCOME RANGE : $54,640

Income % Distribution
<$20K 14.5%
$20K-$35K 24.8%
$35K-$60K 36.2%
$60K-$100K 16.5%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 6.7%
10-14 mins 8.8%
15-19 mins 11.0%
20-29 mins 24.1%
30-44 mins 35.4%
45-59 mins 7.1%
>60 mins 6.4%
Golden Meadows Demographics
INDUSTRY

           

Industry % Distribution
Administrative Support 6.4%
Arts & Entertainment 8.4%
Construction 12.3%
Health Care & Social Assistance 6.9%
Manufacturing 13.6%
Retail & Wholesale Trader 16.9%
Other 35.6%
OCCUPATION

           

Occupation % Distribution
Clean 4.7%
Education 6.2%
Management, Business, & Financial 6.2%
Natural Resources Maintenance 18.2%
Production & Transportation 22.1%
Sales & Office 29.0%
Other 13.5%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 24.4%
15-19 10.5%
20-24 4.7%
25-44 27.8%
45-65 23.8%
66+ 8.9%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor?s degree or higher.

Education Level % Distribution
Associates Degree 7.7%
High School 30.1%
Masters Degree 2.6%
Some College 21.7%
Some High School 30.3%
Other 7.6%

Golden Meadows Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.4%
Arts & Entertainment 8.4%
Construction 12.3%
Health Care & Social Assistance 6.9%
Manufacturing 13.6%
Retail & Wholesale Trader 16.9%
Other 35.6%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 40% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 24.4%
15-19 10.5%
20-24 4.7%
25-44 27.8%
45-65 23.8%
66+ 8.9%
OCCUPATION

Occupation % Distribution
Clean 4.7%
Education 6.2%
Management, Business, & Financial 6.2%
Natural Resources Maintenance 18.2%
Production & Transportation 22.1%
Sales & Office 29.0%
Other 13.5%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.7%
High School 30.1%
Masters Degree 2.6%
Some College 21.7%
Some High School 30.3%
Other 7.6%

1610 Melrose Cir Comps

Sorry, we do not have sufficient data available.

1610 Melrose Cir, Garland, TX 75042 is a single family home of 1,347 sqft. HomeUnion INVESTimate® for 1610 Melrose Cir includes a Price Estimate of $132,478 and a Rent Estimate of $1,366. This single family home has 3 bedrooms,2 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 12.37% and Total Return of 31.05%. The estimated 1 year forecast in home value for 1610 Melrose Cir 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

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