INVESTimate
$36,720
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244 County Road 1689 PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $49.57
CONSTRUCTION
- Beds : 0
- Floor Size : 1,920 sqft
- Baths : 0 Full
244 County Road 1689 SCHOOLS
Financial Details
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ALBA
Neighborhood : ALBA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,202 per month.
MY RENT : $1,202 MEDIAN RENT : $1,191
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 $1,202 would therefore be considered affordable for annual household incomes greater than $48,080 (12 months x 3.333 x $1,202).
HOUSEHOLD INCOME RANGE
Approximately 889 of households in this neighborhood have a total annual income of $48,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,202 per month.
MINIMUM INCOME RANGE : $48,080
COMMUTE TIME DISTRIBUTION
47% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.
ALBA Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 7.4% |
| Arts & Entertainment | 8.3% |
| Construction | 9.9% |
| Manufacturing | 10.2% |
| Retail & Wholesale Trader | 16.4% |
| Transportation | 8.6% |
| Other | 39.2% |
AGE DISTRIBUTION
46% of the population is between the ages of 25 and 64, 27% is 24 or younger and 27% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.5% |
| 15-19 | 3.2% |
| 20-24 | 4.6% |
| 25-44 | 16.1% |
| 45-65 | 29.9% |
| 66+ | 26.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Education | 5.7% |
| Healthcare | 6.9% |
| Management, Business, & Financial | 8.3% |
| Natural Resources Maintenance | 22.3% |
| Production & Transportation | 13.7% |
| Sales & Office | 23.7% |
| Other | 19.4% |
HIGHEST EDUCATION LEVEL
8% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 4.8% |
| High School | 34.9% |
| Masters Degree | 2.5% |
| Some College | 31.5% |
| Some High School | 18.2% |
| Other | 8.1% |
244 County Road 1689 Comps
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244 County Road 1689, Alba, TX 75410 is a single family home of 1,920 sqft. HomeUnion INVESTimateĀ® for 244 County Road 1689 includes a Price Estimate of $95,171 and a Rent Estimate of $1,202. This single family home has 0 bedrooms,0 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 15.16% and Total Return of 35.04%. The estimated 1 year forecast in home value for 244 County Road 1689 is 8.18%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WOOD County , or the 75410 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
