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This page contains information about each property aggregated from public data sources, 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.

2 Cobblestone Ln Borger, TX 79007

0 Beds 2 Baths 1,990 sqft Built 1986
Last updated:  Oct 23, 2019

INVESTimate

$219,682

$187K - $253K

Price Est.

$1,381

$1.2K - $1.6K

Rent Est.

$69,716

Investment Est.

$219,682  ( 0%)   1 YR EST. FORECAST

2 Cobblestone Ln PROPERTY INFO

FACTS
  • Built In 1986
  • Price/Sqft : $110.39
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,990 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
2 Cobblestone Ln, Borger, TX 79007 is a single family home of 1,990 sqft. HomeUnion estimate for 2 Cobblestone Ln includes a Price Estimate of $219,682 and a Rent Estimate of $1,381. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 7.54% and Total Return of 7.47%. The estimated 1 year forecast in home value for 2 Cobblestone Ln is 0%.

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2 Cobblestone Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CROCKETT ELEMENTARY SCHOOL Primary Regular 375 24 3
BORGER MIDDLE SCHOOL Middle Regular 617 43 6
BORGER HIGH SCHOOL High Regular 788 65 5

CROCKETT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 375
  • # of teachers: 24
3
GreatSchools Rating

BORGER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 617
  • # of teachers: 43
6
GreatSchools Rating

BORGER HIGH SCHOOL

  • Education Level: High
  • # of students: 788
  • # of teachers: 65
5
GreatSchools Rating
 

Financial Details

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Neighborhood

BORGER

  • 14,382

    POPULATION

  • 5,242

    HOUSEHOLDS

  • 45.7%

    WHITE COLLAR

Neighborhood : BORGER

HOUSEHOLDS
5,242
POPULATION

14,382

28.5%Renters
71.5%Home Owners
LABOR FORCE

 

45.7%White Collar
54.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,381 per month.

MY RENT : $1,381 MEDIAN RENT : $959

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 37.3%
$900-999 19.5%
$1,000-1,499 36.4%
>=$1,500 6.8%
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 $1,381 would therefore be considered affordable for annual household incomes greater than $55,240 (12 months x 3.333 x $1,381).

Rent % Affordability
Above $500 77.0%
Above $700 65.6%
Above $1,100 53.1%
Above $1,500 40.3%
Above $1,900 32.0%
HOUSEHOLD INCOME RANGE

Approximately 2,191 of households in this neighborhood have a total annual income of $55,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,381 per month.

MINIMUM INCOME RANGE : $55,240

Income % Distribution
<$20K 23.0%
$20K-$35K 17.4%
$35K-$60K 19.3%
$60K-$100K 19.7%
>=$100K 20.6%
COMMUTE TIME DISTRIBUTION

20% of the working population has a commute time of 15 to 44 minutes, 69% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 37.6%
10-14 mins 25.0%
15-19 mins 11.5%
20-29 mins 4.6%
30-44 mins 4.1%
45-59 mins 6.3%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,381 per month.

MY RENT : $1,381 MEDIAN RENT : $959

Rent % Distribution
$500-699 0.0%
$700-899 37.3%
$900-999 19.5%
$1,000-1,499 36.4%
>=$1,500 6.8%
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 $1,381 would therefore be considered affordable for annual household incomes greater than $55,240 (12 months x 3.333 x $1,381).

Rent % Affordability
Above $500 77.0%
Above $700 65.6%
Above $1,100 53.1%
Above $1,500 40.3%
Above $1,900 32.0%
HOUSEHOLD INCOME RANGE

Approximately 2,191 of households in this neighborhood have a total annual income of $55,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,381 per month.

MINIMUM INCOME RANGE : $55,240

Income % Distribution
<$20K 23.0%
$20K-$35K 17.4%
$35K-$60K 19.3%
$60K-$100K 19.7%
>=$100K 20.6%
COMMUTE TIME DISTRIBUTION

20% of the working population has a commute time of 15 to 44 minutes, 69% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 37.6%
10-14 mins 25.0%
15-19 mins 11.5%
20-29 mins 4.6%
30-44 mins 4.1%
45-59 mins 6.3%
>60 mins 4.1%
BORGER Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 9.0%
Construction 13.5%
Educational Services 8.1%
Health Care & Social Assistance 10.9%
Manufacturing 14.4%
Retail & Wholesale Trader 14.3%
Other 29.8%
OCCUPATION

           

Occupation % Distribution
Healthcare 8.0%
Management, Business, & Financial 9.7%
Natural Resources Maintenance 23.1%
Production & Transportation 16.3%
Protect 5.8%
Sales & Office 18.5%
Other 18.6%
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 22.0%
15-19 7.0%
20-24 7.8%
25-44 24.9%
45-65 25.0%
66+ 13.3%
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 9.3%
High School 29.4%
Masters Degree 2.4%
Some College 29.0%
Some High School 16.2%
Other 13.7%

BORGER Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.0%
Construction 13.5%
Educational Services 8.1%
Health Care & Social Assistance 10.9%
Manufacturing 14.4%
Retail & Wholesale Trader 14.3%
Other 29.8%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 37% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 22.0%
15-19 7.0%
20-24 7.8%
25-44 24.9%
45-65 25.0%
66+ 13.3%
OCCUPATION

Occupation % Distribution
Healthcare 8.0%
Management, Business, & Financial 9.7%
Natural Resources Maintenance 23.1%
Production & Transportation 16.3%
Protect 5.8%
Sales & Office 18.5%
Other 18.6%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.3%
High School 29.4%
Masters Degree 2.4%
Some College 29.0%
Some High School 16.2%
Other 13.7%

2 Cobblestone Ln 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 , HUTCHINSON County , or the 79007 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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