INVESTimate
$32,685
304 Clubhouse Dr PROPERTY INFO
FACTS
- Built In 0
- Price/Sqft : $52.05
CONSTRUCTION
- Beds : 0
- Floor Size : 1,536 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
304 Clubhouse Dr, Borger, TX 79007 is a single family home of 1,536 sqft. HomeUnion estimate for 304 Clubhouse Dr includes a Price Estimate of $79,944 and a Rent Estimate of $1,032. This single family home has 0 bedrooms, 2 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 15.49% and Total Return of 21.63%. The estimated 1 year forecast in home value for 304 Clubhouse Dr is 0%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
304 Clubhouse Dr SCHOOLS
Financial Details
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BORGER
Neighborhood : BORGER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 41% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,032 per month.
MY RENT : $1,032 MEDIAN RENT : $959
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 $1,032 would therefore be considered affordable for annual household incomes greater than $41,280 (12 months x 3.333 x $1,032).
HOUSEHOLD INCOME RANGE
Approximately 2,427 of households in this neighborhood have a total annual income of $41,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,032 per month.
MINIMUM INCOME RANGE : $41,280
COMMUTE TIME DISTRIBUTION
20% of the working population has a commute time of 15 to 44 minutes, 69% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.
BORGER Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 9.0% |
Construction | 13.5% |
Educational Services | 8.1% |
Health Care & Social Assistance | 10.9% |
Manufacturing | 14.4% |
Retail & Wholesale Trader | 14.3% |
Other | 29.8% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 37% is 24 or younger and 13% is 65 or older.
Age | % Distribution |
---|---|
<15 | 22.0% |
15-19 | 7.0% |
20-24 | 7.8% |
25-44 | 24.9% |
45-65 | 25.0% |
66+ | 13.3% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 8.0% |
Management, Business, & Financial | 9.7% |
Natural Resources Maintenance | 23.1% |
Production & Transportation | 16.3% |
Protect | 5.8% |
Sales & Office | 18.5% |
Other | 18.6% |
HIGHEST EDUCATION LEVEL
14% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 9.3% |
High School | 29.4% |
Masters Degree | 2.4% |
Some College | 29.0% |
Some High School | 16.2% |
Other | 13.7% |
304 Clubhouse Dr Comps
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