INVESTimate
$54,671
304 Alva PROPERTY INFO
FACTS
- Built In 1935
- Price/Sqft : $196.75
CONSTRUCTION
- Beds : 0
- Floor Size : 828 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
304 Alva, Thrall, TX 76578 is a single family home of 828 sqft. HomeUnion estimate for 304 Alva includes a Price Estimate of $162,911 and a Rent Estimate of $929. This single family home has 0 bedrooms, 1 bathrooms, and was built in 1935. This property has an estimated 15 year annualized Yield of 6.84% and Total Return of 24.09%. The estimated 1 year forecast in home value for 304 Alva is 8.64%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
304 Alva SCHOOLS
Financial Details
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THRALL
Neighborhood : THRALL
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $929 per month.
MY RENT : $929 MEDIAN RENT : $1,211
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 $929 would therefore be considered affordable for annual household incomes greater than $37,160 (12 months x 3.333 x $929).
HOUSEHOLD INCOME RANGE
Approximately 270 of households in this neighborhood have a total annual income of $37,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $929 per month.
MINIMUM INCOME RANGE : $37,160
COMMUTE TIME DISTRIBUTION
38% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.
THRALL Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 8.5% |
Construction | 8.9% |
Health Care & Social Assistance | 9.5% |
Manufacturing | 17.5% |
Retail & Wholesale Trader | 7.9% |
Transportation | 9.8% |
Other | 37.9% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 31% is 24 or younger and 14% is 65 or older.
Age | % Distribution |
---|---|
<15 | 17.7% |
15-19 | 7.9% |
20-24 | 5.8% |
25-44 | 22.7% |
45-65 | 31.9% |
66+ | 14.0% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 8.8% |
Construction | 4.1% |
Management, Business, & Financial | 12.3% |
Natural Resources Maintenance | 9.4% |
Production & Transportation | 18.0% |
Sales & Office | 31.1% |
Other | 16.2% |
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 | 6.0% |
High School | 40.0% |
Masters Degree | 2.0% |
Some College | 25.1% |
Some High School | 14.7% |
Other | 12.2% |
304 Alva Comps
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