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This page contains information about each property aggregated from public data sources, 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.

3024 Fm 2645 Savoy, TX 75479

0 Beds 2 Baths 1,733 sqft Built 1994
Last updated:  Oct 23, 2019

INVESTimate

$273,623

$247K - $301K

Price Est.

$1,314

$1.1K - $1.5K

Rent Est.

$294,637  ( +7.68%)   1 YR EST. FORECAST

3024 Fm 2645 PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $157.89
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,733 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
3024 Fm 2645, Savoy, TX 75479 is a single family home of 1,733 sqft. HomeUnion estimate for 3024 Fm 2645 includes a Price Estimate of $273,623 and a Rent Estimate of $1,314. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1994. This property has an estimated 15 year annualized Yield of 5.76% and Total Return of 18.46%. The estimated 1 year forecast in home value for 3024 Fm 2645 is 7.68%.
  
  
  

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3024 Fm 2645 SCHOOLS

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Financial Details

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Neighborhood

SAVOY

  • 1,754

    POPULATION
  • 654

    HOUSEHOLDS
  • 58.0%

    WHITE COLLAR

Neighborhood : SAVOY

HOUSEHOLDS
654
POPULATION

1,754

20.3%Renters
79.7%Home Owners
LABOR FORCE

 

58.0%White Collar
42.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,314 per month.

MY RENT : $1,314 MEDIAN RENT : $1,113

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 17.1%
$900-999 18.5%
$1,000-1,499 57.6%
>=$1,500 6.8%
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 $1,314 would therefore be considered affordable for annual household incomes greater than $52,560 (12 months x 3.333 x $1,314).

Rent % Affordability
Above $500 83.3%
Above $700 71.8%
Above $1,100 54.8%
Above $1,500 34.2%
Above $1,900 26.8%
HOUSEHOLD INCOME RANGE

Approximately 249 of households in this neighborhood have a total annual income of $52,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,314 per month.

MINIMUM INCOME RANGE : $52,560

Income % Distribution
<$20K 16.7%
$20K-$35K 16.8%
$35K-$60K 32.3%
$60K-$100K 21.7%
>=$100K 12.4%
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.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 6.6%
10-14 mins 9.5%
15-19 mins 11.1%
20-29 mins 27.7%
30-44 mins 26.4%
45-59 mins 7.6%
>60 mins 9.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,314 per month.

MY RENT : $1,314 MEDIAN RENT : $1,113

Rent % Distribution
$500-699 0.0%
$700-899 17.1%
$900-999 18.5%
$1,000-1,499 57.6%
>=$1,500 6.8%
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 $1,314 would therefore be considered affordable for annual household incomes greater than $52,560 (12 months x 3.333 x $1,314).

Rent % Affordability
Above $500 83.3%
Above $700 71.8%
Above $1,100 54.8%
Above $1,500 34.2%
Above $1,900 26.8%
HOUSEHOLD INCOME RANGE

Approximately 249 of households in this neighborhood have a total annual income of $52,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,314 per month.

MINIMUM INCOME RANGE : $52,560

Income % Distribution
<$20K 16.7%
$20K-$35K 16.8%
$35K-$60K 32.3%
$60K-$100K 21.7%
>=$100K 12.4%
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.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 6.6%
10-14 mins 9.5%
15-19 mins 11.1%
20-29 mins 27.7%
30-44 mins 26.4%
45-59 mins 7.6%
>60 mins 9.5%

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%

3024 Fm 2645 Comps

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