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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

1909 Rice Dr Garland, TX 75042

3 Beds 2 Baths 1,225 sqft Built 1967
Last updated:  Oct 23, 2019

INVESTimate

$203,239

$182K - $224K

Price Est.

$1,434

$1.3K - $1.5K

Rent Est.

$232,607  ( +14.45%)   1 YR EST. FORECAST
  
  
  

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1909 Rice Dr PROPERTY INFO

FACTS
  • Built In 1967
  • Price/Sqft : $165.91
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,225 sqft
  • Baths : 2 Full

1909 Rice Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
O HENRY ELEMENTARY SCHOOL Primary Regular 472 32 5
LIBERTY JUNIOR HIGH SCHOOL Middle Regular 600 44 6
BERKNER HIGH SCHOOL High Regular 2,639 181 6

O HENRY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 32
5
GreatSchools Rating

LIBERTY JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 600
  • # of teachers: 44
6
GreatSchools Rating

BERKNER HIGH SCHOOL

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 181
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Skillman Forest Park

  • 2,650

    POPULATION
  • 815

    HOUSEHOLDS
  • 43.1%

    WHITE COLLAR

Neighborhood : Skillman Forest Park

HOUSEHOLDS
815
POPULATION

2,650

24.6%Renters
75.4%Home Owners
LABOR FORCE

 

43.1%White Collar
56.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,434 per month.

MY RENT : $1,434 MEDIAN RENT : $1,431

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 82.1%
>=$1,500 17.9%
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 $1,434 would therefore be considered affordable for annual household incomes greater than $57,360 (12 months x 3.333 x $1,434).

Rent % Affordability
Above $500 87.3%
Above $700 80.1%
Above $1,100 58.6%
Above $1,500 34.6%
Above $1,900 29.6%
HOUSEHOLD INCOME RANGE

Approximately 293 of households in this neighborhood have a total annual income of $57,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,434 per month.

MINIMUM INCOME RANGE : $57,360

Income % Distribution
<$20K 12.7%
$20K-$35K 19.1%
$35K-$60K 33.7%
$60K-$100K 24.4%
>=$100K 10.2%
COMMUTE TIME DISTRIBUTION

74% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 8.9%
10-14 mins 4.6%
15-19 mins 12.7%
20-29 mins 31.6%
30-44 mins 29.9%
45-59 mins 9.3%
>60 mins 3.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,434 per month.

MY RENT : $1,434 MEDIAN RENT : $1,431

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 82.1%
>=$1,500 17.9%
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 $1,434 would therefore be considered affordable for annual household incomes greater than $57,360 (12 months x 3.333 x $1,434).

Rent % Affordability
Above $500 87.3%
Above $700 80.1%
Above $1,100 58.6%
Above $1,500 34.6%
Above $1,900 29.6%
HOUSEHOLD INCOME RANGE

Approximately 293 of households in this neighborhood have a total annual income of $57,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,434 per month.

MINIMUM INCOME RANGE : $57,360

Income % Distribution
<$20K 12.7%
$20K-$35K 19.1%
$35K-$60K 33.7%
$60K-$100K 24.4%
>=$100K 10.2%
COMMUTE TIME DISTRIBUTION

74% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 8.9%
10-14 mins 4.6%
15-19 mins 12.7%
20-29 mins 31.6%
30-44 mins 29.9%
45-59 mins 9.3%
>60 mins 3.0%

Skillman Forest Park Demographics

INDUSTRY

Industry % Distribution
Administrative Support 14.9%
Arts & Entertainment 9.4%
Construction 11.9%
Health Care & Social Assistance 17.1%
Manufacturing 14.1%
Transportation 7.6%
Other 24.8%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 40% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 19.2%
15-19 8.2%
20-24 12.6%
25-44 24.2%
45-65 22.9%
66+ 12.9%
OCCUPATION

Occupation % Distribution
Clean 10.5%
Healthcare 10.9%
Management, Business, & Financial 14.2%
Natural Resources Maintenance 14.6%
Production & Transportation 14.0%
Sales & Office 17.3%
Other 18.5%
HIGHEST EDUCATION LEVEL

6% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.8%
High School 34.9%
Masters Degree 1.3%
Some College 16.9%
Some High School 32.6%
Other 10.5%

1909 Rice Dr Comps

Sorry, we do not have sufficient data available.

1909 Rice Dr, Garland, TX 75042 is a single family home of 1,225 sqft. HomeUnion INVESTimateĀ® for 1909 Rice Dr includes a Price Estimate of $203,239 and a Rent Estimate of $1,434. This single family home has 3 bedrooms,2 bathrooms, and was built in 1967. This property has an estimated 15 year annualized Yield of 8.47% and Total Return of 41.95%. The estimated 1 year forecast in home value for 1909 Rice Dr is 14.45%.

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

Nearest zipcodes within 2 miles

  1. 75081
  2. 75243
  3. 75044
  4. 75041