Financial Details2110 County Road 1220 PROPERTY INFO
FACTS
- Built In 2015
- Price/Sqft : $119.58
CONSTRUCTION
- Beds : 0
- Floor Size : 1,224 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
2110 County Road 1220, Savoy, TX 75479 is a single family home of 1,224 sqft. HomeUnion estimate for 2110 County Road 1220 includes a Price Estimate of $146,371 and a Rent Estimate of $1,295. This single family home has 0 bedrooms, 2 bathrooms, and was built in 2015. This property has an estimated 15 year annualized Yield of 10.62% and Total Return of 26.34%. The estimated 1 year forecast in home value for 2110 County Road 1220 is 7.68%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2110 County Road 1220 SCHOOLS
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Financial Details
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SAVOY
Neighborhood : SAVOY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 30% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,295 per month.
MY RENT : $1,295 MEDIAN RENT : $1,113
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 $1,295 would therefore be considered affordable for annual household incomes greater than $51,800 (12 months x 3.333 x $1,295).
HOUSEHOLD INCOME RANGE
Approximately 252 of households in this neighborhood have a total annual income of $51,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,295 per month.
MINIMUM INCOME RANGE : $51,800
COMMUTE TIME DISTRIBUTION
65% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.
SAVOY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 5.9% |
| Educational Services | 16.1% |
| Health Care & Social Assistance | 14.9% |
| Manufacturing | 14.6% |
| Professional & Scientific Tech Services | 6.8% |
| Retail & Wholesale Trader | 13.4% |
| Other | 28.5% |
AGE DISTRIBUTION
48% of the population is between the ages of 25 and 64, 29% is 24 or younger and 23% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.7% |
| 15-19 | 7.7% |
| 20-24 | 6.8% |
| 25-44 | 19.5% |
| 45-65 | 28.2% |
| 66+ | 23.1% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 10.6% |
| Healthcare | 10.0% |
| Management, Business, & Financial | 12.3% |
| Natural Resources Maintenance | 11.2% |
| Production & Transportation | 19.6% |
| Sales & Office | 17.5% |
| Other | 18.9% |
HIGHEST EDUCATION LEVEL
15% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.4% |
| High School | 33.9% |
| Masters Degree | 5.2% |
| Some College | 27.5% |
| Some High School | 13.8% |
| Other | 10.1% |
2110 County Road 1220 Comps
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