INVESTimate
$67,780
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1905 Ruth Dr PROPERTY INFO
FACTS
- Built In 1951
- Price/Sqft : $106.72
CONSTRUCTION
- Beds : 3
- Floor Size : 1,990 sqft
- Baths : 2 Full
1905 Ruth Dr SCHOOLS
Financial Details
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Williams Estates
Neighborhood : Williams Estates
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 57% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,630 per month.
MY RENT : $1,630 MEDIAN RENT : $1,557
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 $1,630 would therefore be considered affordable for annual household incomes greater than $65,200 (12 months x 3.333 x $1,630).
HOUSEHOLD INCOME RANGE
Approximately 64 of households in this neighborhood have a total annual income of $65,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,630 per month.
MINIMUM INCOME RANGE : $65,200
COMMUTE TIME DISTRIBUTION
57% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.
Williams Estates Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 10.0% |
Arts & Entertainment | 9.0% |
Health Care & Social Assistance | 10.5% |
Manufacturing | 16.2% |
Professional & Scientific Tech Services | 9.2% |
Retail & Wholesale Trader | 20.5% |
Other | 24.5% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 28% is 24 or younger and 21% is 65 or older.
Age | % Distribution |
---|---|
<15 | 18.6% |
15-19 | 4.6% |
20-24 | 4.5% |
25-44 | 29.2% |
45-65 | 22.2% |
66+ | 20.9% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 17.0% |
Construction | 12.2% |
Education | 8.5% |
Natural Resources Maintenance | 7.0% |
Production & Transportation | 14.8% |
Sales & Office | 24.4% |
Other | 16.2% |
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 | 9.0% |
High School | 33.2% |
Masters Degree | 2.2% |
Some College | 24.2% |
Some High School | 13.6% |
Other | 17.8% |
1905 Ruth Dr Comps
1905 Ruth Dr, Garland, TX 75042 is a single family home of 1,990 sqft. HomeUnion INVESTimate® for 1905 Ruth Dr includes a Price Estimate of $212,379 and a Rent Estimate of $1,630. This single family home has 3 bedrooms,2 bathrooms, and was built in 1951. This property has an estimated 15 year annualized Yield of 9.21% and Total Return of 26.54%. The estimated 1 year forecast in home value for 1905 Ruth Dr 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