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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

2901 Potomac Dr Garland, TX 75042

3 Beds 2 Baths 1,732 sqft Built 1973
Last updated:  Jun 30, 2018

INVESTimate

$208,056

$196K - $220K

Price Est.

$1,555

$1.4K - $1.7K

Rent Est.

$227,509  ( +9.35%)   1 YR EST. FORECAST
  
  
  

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2901 Potomac Dr PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $120.12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,732 sqft
  • Baths : 2 Full

2901 Potomac Dr 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

Buckingham South

  • 1,574

    POPULATION
  • 359

    HOUSEHOLDS
  • 41.9%

    WHITE COLLAR

Neighborhood : Buckingham South

HOUSEHOLDS
359
POPULATION

1,574

41.3%Renters
58.7%Home Owners
LABOR FORCE

 

41.9%White Collar
58.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,555 per month.

MY RENT : $1,555 MEDIAN RENT : $1,458

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 74.6%
>=$1,500 25.4%
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 $1,555 would therefore be considered affordable for annual household incomes greater than $62,200 (12 months x 3.333 x $1,555).

Rent % Affordability
Above $500 80.7%
Above $700 55.4%
Above $1,100 40.1%
Above $1,500 33.6%
Above $1,900 24.5%
HOUSEHOLD INCOME RANGE

Approximately 79 of households in this neighborhood have a total annual income of $62,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,555 per month.

MINIMUM INCOME RANGE : $62,200

Income % Distribution
<$20K 19.3%
$20K-$35K 38.7%
$35K-$60K 8.4%
$60K-$100K 18.5%
>=$100K 15.1%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.9%
10-14 mins 11.2%
15-19 mins 13.3%
20-29 mins 27.3%
30-44 mins 28.4%
45-59 mins 5.1%
>60 mins 1.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,555 per month.

MY RENT : $1,555 MEDIAN RENT : $1,458

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 74.6%
>=$1,500 25.4%
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 $1,555 would therefore be considered affordable for annual household incomes greater than $62,200 (12 months x 3.333 x $1,555).

Rent % Affordability
Above $500 80.7%
Above $700 55.4%
Above $1,100 40.1%
Above $1,500 33.6%
Above $1,900 24.5%
HOUSEHOLD INCOME RANGE

Approximately 79 of households in this neighborhood have a total annual income of $62,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,555 per month.

MINIMUM INCOME RANGE : $62,200

Income % Distribution
<$20K 19.3%
$20K-$35K 38.7%
$35K-$60K 8.4%
$60K-$100K 18.5%
>=$100K 15.1%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.9%
10-14 mins 11.2%
15-19 mins 13.3%
20-29 mins 27.3%
30-44 mins 28.4%
45-59 mins 5.1%
>60 mins 1.7%

Buckingham South Demographics

INDUSTRY

Industry % Distribution
Administrative Support 11.4%
Arts & Entertainment 13.1%
Construction 11.4%
Educational Services 6.5%
Manufacturing 13.3%
Retail & Wholesale Trader 6.7%
Other 37.7%
AGE DISTRIBUTION

45% of the population is between the ages of 25 and 64, 51% is 24 or younger and 4% is 65 or older.

Age % Distribution
<15 35.0%
15-19 11.1%
20-24 4.4%
25-44 27.4%
45-65 17.7%
66+ 4.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.7%
Education 11.9%
Management, Business, & Financial 22.9%
Natural Resources Maintenance 25.9%
Production & Transportation 14.6%
Sales & Office 7.1%
Other 11.9%
HIGHEST EDUCATION LEVEL

7% 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 15.7%
Masters Degree 1.9%
Some College 18.7%
Some High School 48.5%
Other 10.3%

2901 Potomac Dr Comps

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2901 Potomac Dr, Garland, TX 75042 is a single family home of 1,732 sqft. HomeUnion INVESTimate® for 2901 Potomac Dr includes a Price Estimate of $208,056 and a Rent Estimate of $1,555. This single family home has 3 bedrooms,2 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 8.97% and Total Return of 26.32%. The estimated 1 year forecast in home value for 2901 Potomac Dr is 9.35%.

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