1. < Ridge Rd

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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.

18103 Ridge Rd Lago Vista, TX 78645

4 Beds 4 Baths 3,527 sqft Built 2006
Last updated:  Jan 23, 2020

INVESTimate

$982,051

$897K - $1.07M

Price Est.

$3,130

$2.8K - $3.5K

Rent Est.

$271,744

Investment Est.

$1,047,259  ( +6.64%)   1 YR EST. FORECAST

18103 Ridge Rd PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $278.44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,527 sqft
  • Baths : 4 Full
PROPERTY DESCRIPTION
18103 Ridge Rd, Lago Vista, TX 78645 is a single family home of 3,527 sqft. HomeUnion estimate for 18103 Ridge Rd includes a Price Estimate of $982,051 and a Rent Estimate of $3,130. This single family home has 4 bedrooms, 4 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 3.82% and Total Return of 14.22%. The estimated 1 year forecast in home value for 18103 Ridge Rd is 6.64%.

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18103 Ridge Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAGO VISTA ELEMENTARY SCHOOL Primary Regular 587 39 8
LAGO VISTA MIDDLE SCHOOL Middle Regular 335 21 8
LAGO VISTA HIGH SCHOOL High Regular 407 31 8

LAGO VISTA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 587
  • # of teachers: 39
8
GreatSchools Rating

LAGO VISTA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 335
  • # of teachers: 21
8
GreatSchools Rating

LAGO VISTA HIGH SCHOOL

  • Education Level: High
  • # of students: 407
  • # of teachers: 31
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Lakeshore Ranch

  • 44

    POPULATION

  • 26

    HOUSEHOLDS

  • 77.1%

    WHITE COLLAR

Neighborhood : Lakeshore Ranch

HOUSEHOLDS
26
POPULATION

44

13.6%Renters
86.4%Home Owners
LABOR FORCE

 

77.1%White Collar
22.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,130 per month.

MY RENT : $3,130 MEDIAN RENT : $2,291

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.1%
>=$1,500 97.9%
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 $3,130 would therefore be considered affordable for annual household incomes greater than $125,200 (12 months x 3.333 x $3,130).

Rent % Affordability
Above $500 76.2%
Above $700 73.3%
Above $1,100 67.6%
Above $1,500 61.9%
Above $1,900 56.4%
HOUSEHOLD INCOME RANGE

Approximately 4 of households in this neighborhood have a total annual income of $125,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,130 per month.

MINIMUM INCOME RANGE : $125,200

Income % Distribution
<$20K 23.8%
$20K-$35K 4.8%
$35K-$60K 9.5%
$60K-$100K 23.8%
>=$100K 38.1%
COMMUTE TIME DISTRIBUTION

37% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 47% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 5.3%
10-14 mins 5.3%
15-19 mins 5.3%
20-29 mins 10.5%
30-44 mins 21.1%
45-59 mins 21.1%
>60 mins 26.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,130 per month.

MY RENT : $3,130 MEDIAN RENT : $2,291

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.1%
>=$1,500 97.9%
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 $3,130 would therefore be considered affordable for annual household incomes greater than $125,200 (12 months x 3.333 x $3,130).

Rent % Affordability
Above $500 76.2%
Above $700 73.3%
Above $1,100 67.6%
Above $1,500 61.9%
Above $1,900 56.4%
HOUSEHOLD INCOME RANGE

Approximately 4 of households in this neighborhood have a total annual income of $125,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,130 per month.

MINIMUM INCOME RANGE : $125,200

Income % Distribution
<$20K 23.8%
$20K-$35K 4.8%
$35K-$60K 9.5%
$60K-$100K 23.8%
>=$100K 38.1%
COMMUTE TIME DISTRIBUTION

37% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 47% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 5.3%
10-14 mins 5.3%
15-19 mins 5.3%
20-29 mins 10.5%
30-44 mins 21.1%
45-59 mins 21.1%
>60 mins 26.3%
Lakeshore Ranch Demographics
INDUSTRY

           

Industry % Distribution
Construction 10.0%
Health Care & Social Assistance 15.0%
Manufacturing 10.0%
Professional & Scientific Tech Services 10.0%
Retail & Wholesale Trader 15.0%
Transportation 5.0%
Other 35.0%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 8.3%
Healthcare 8.3%
Management, Business, & Financial 33.3%
Natural Resources Maintenance 8.3%
Production & Transportation 8.3%
Sales & Office 33.3%
Other 0.0%
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 13.6%
15-19 2.3%
20-24 2.3%
25-44 18.2%
45-65 45.5%
66+ 18.2%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 11.4%
High School 22.7%
Masters Degree 11.4%
Some College 25.0%
Some High School 6.8%
Other 22.7%

Lakeshore Ranch Demographics

INDUSTRY

Industry % Distribution
Construction 10.0%
Health Care & Social Assistance 15.0%
Manufacturing 10.0%
Professional & Scientific Tech Services 10.0%
Retail & Wholesale Trader 15.0%
Transportation 5.0%
Other 35.0%
AGE DISTRIBUTION

64% of the population is between the ages of 25 and 64, 18% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 13.6%
15-19 2.3%
20-24 2.3%
25-44 18.2%
45-65 45.5%
66+ 18.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.3%
Healthcare 8.3%
Management, Business, & Financial 33.3%
Natural Resources Maintenance 8.3%
Production & Transportation 8.3%
Sales & Office 33.3%
Other 0.0%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 11.4%
High School 22.7%
Masters Degree 11.4%
Some College 25.0%
Some High School 6.8%
Other 22.7%

18103 Ridge Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , TRAVIS County , or the 78645 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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