INVESTimate
$62,352
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2947 Burnet Dr PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $114.50
CONSTRUCTION
- Beds : 0
- Floor Size : 1,676 sqft
- Baths : 0 Full
2947 Burnet Dr SCHOOLS
Financial Details
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Ponderosa Hills
Neighborhood : Ponderosa Hills
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,310 per month.
MY RENT : $1,310 MEDIAN RENT : $1,267
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 $1,310 would therefore be considered affordable for annual household incomes greater than $52,400 (12 months x 3.333 x $1,310).
HOUSEHOLD INCOME RANGE
Approximately 64 of households in this neighborhood have a total annual income of $52,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,310 per month.
MINIMUM INCOME RANGE : $52,400
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.
Ponderosa Hills Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 5.7% |
| Arts & Entertainment | 13.9% |
| Educational Services | 14.3% |
| Health Care & Social Assistance | 17.6% |
| Retail & Wholesale Trader | 10.2% |
| Transportation | 12.3% |
| Other | 25.8% |
AGE DISTRIBUTION
45% of the population is between the ages of 25 and 64, 50% is 24 or younger and 5% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 30.3% |
| 15-19 | 14.1% |
| 20-24 | 5.8% |
| 25-44 | 30.7% |
| 45-65 | 14.3% |
| 66+ | 4.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 8.1% |
| Construction | 11.2% |
| Management, Business, & Financial | 20.5% |
| Natural Resources Maintenance | 7.5% |
| Production & Transportation | 14.3% |
| Sales & Office | 28.6% |
| Other | 9.9% |
HIGHEST EDUCATION LEVEL
9% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 8.2% |
| High School | 34.7% |
| Masters Degree | 0.4% |
| Some College | 20.5% |
| Some High School | 27.2% |
| Other | 9.0% |
2947 Burnet Dr Comps
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2947 Burnet Dr, Laredo, TX 78043 is a single family home of 1,676 sqft. HomeUnion INVESTimateĀ® for 2947 Burnet Dr includes a Price Estimate of $191,894 and a Rent Estimate of $1,310. This single family home has 0 bedrooms,0 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 8.19% and Total Return of 16.97%. The estimated 1 year forecast in home value for 2947 Burnet Dr is 4.87%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WEBB County , or the 78043 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
