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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

2530 Pear Tree Ln Garland, TX 75042

3 Beds 2 Baths 1,638 sqft Built 1983
Last updated:  Oct 23, 2019

INVESTimate

$232,204

$208K - $256K

Price Est.

$1,435

$1.3K - $1.5K

Rent Est.

$262,089  ( +12.87%)   1 YR EST. FORECAST
  
  
  

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2530 Pear Tree Ln PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $141.76
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,638 sqft
  • Baths : 2 Full

2530 Pear Tree Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HILLSIDE ACADEMY FOR EXCEL Primary Magnet 446 29 10
CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL Middle Magnet 1,153 62 8
SACHSE HIGH SCHOOL High Regular 2,609 152 7

HILLSIDE ACADEMY FOR EXCEL

  • Education Level: Primary
  • # of students: 446
  • # of teachers: 29
10
GreatSchools Rating

CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 62
8
GreatSchools Rating

SACHSE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,609
  • # of teachers: 152
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Wood Bend

  • 1,402

    POPULATION
  • 300

    HOUSEHOLDS
  • 27.6%

    WHITE COLLAR

Neighborhood : Wood Bend

HOUSEHOLDS
300
POPULATION

1,402

29.9%Renters
70.1%Home Owners
LABOR FORCE

 

27.6%White Collar
72.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 26% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,435 per month.

MY RENT : $1,435 MEDIAN RENT : $1,415

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 85.1%
>=$1,500 14.9%
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 $1,435 would therefore be considered affordable for annual household incomes greater than $57,400 (12 months x 3.333 x $1,435).

Rent % Affordability
Above $500 65.9%
Above $700 59.8%
Above $1,100 43.0%
Above $1,500 33.8%
Above $1,900 16.1%
HOUSEHOLD INCOME RANGE

Approximately 103 of households in this neighborhood have a total annual income of $57,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,435 per month.

MINIMUM INCOME RANGE : $57,400

Income % Distribution
<$20K 34.1%
$20K-$35K 21.5%
$35K-$60K 10.6%
$60K-$100K 27.5%
>=$100K 6.3%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.5%
10-14 mins 11.0%
15-19 mins 6.3%
20-29 mins 14.8%
30-44 mins 41.3%
45-59 mins 10.3%
>60 mins 15.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 26% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,435 per month.

MY RENT : $1,435 MEDIAN RENT : $1,415

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 85.1%
>=$1,500 14.9%
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 $1,435 would therefore be considered affordable for annual household incomes greater than $57,400 (12 months x 3.333 x $1,435).

Rent % Affordability
Above $500 65.9%
Above $700 59.8%
Above $1,100 43.0%
Above $1,500 33.8%
Above $1,900 16.1%
HOUSEHOLD INCOME RANGE

Approximately 103 of households in this neighborhood have a total annual income of $57,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,435 per month.

MINIMUM INCOME RANGE : $57,400

Income % Distribution
<$20K 34.1%
$20K-$35K 21.5%
$35K-$60K 10.6%
$60K-$100K 27.5%
>=$100K 6.3%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.5%
10-14 mins 11.0%
15-19 mins 6.3%
20-29 mins 14.8%
30-44 mins 41.3%
45-59 mins 10.3%
>60 mins 15.7%

Wood Bend Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 20.3%
Construction 16.0%
Manufacturing 11.6%
Real Estate 6.5%
Retail & Wholesale Trader 15.2%
Transportation 7.8%
Other 22.6%
AGE DISTRIBUTION

37% of the population is between the ages of 25 and 64, 60% is 24 or younger and 3% is 65 or older.

Age % Distribution
<15 33.6%
15-19 9.6%
20-24 16.8%
25-44 13.5%
45-65 23.0%
66+ 3.5%
OCCUPATION

Occupation % Distribution
Education 11.5%
Healthcare 7.6%
Natural Resources Maintenance 17.5%
PCare 18.1%
Production & Transportation 15.1%
Sales & Office 17.5%
Other 12.7%
HIGHEST EDUCATION LEVEL

4% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.0%
High School 29.5%
Masters Degree 0.2%
Some College 13.9%
Some High School 50.2%
Other 2.3%

2530 Pear Tree Ln Comps

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2530 Pear Tree Ln, Garland, TX 75042 is a single family home of 1,638 sqft. HomeUnion INVESTimateĀ® for 2530 Pear Tree Ln includes a Price Estimate of $232,204 and a Rent Estimate of $1,435. This single family home has 3 bedrooms,2 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 7.42% and Total Return of 31.51%. The estimated 1 year forecast in home value for 2530 Pear Tree Ln is 12.87%.

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. 75044
  2. 75040
  3. 75081
  4. 75041