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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

304 E Montgomery St Laredo, TX 78040

0 Beds 0 Baths 1,950 sqft Built 1960
Last updated:  Oct 23, 2019

INVESTimate

$140,132

$126K - $154K

Price Est.

$1,070

$1.0K - $1.1K

Rent Est.

$147,349  ( +5.15%)   1 YR EST. FORECAST
  
  
  

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304 E Montgomery St PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $71.86
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,950 sqft
  • Baths : 0 Full

304 E Montgomery St SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

Las Cruces

  • 6,730

    POPULATION
  • 1,972

    HOUSEHOLDS
  • 34.6%

    WHITE COLLAR

Neighborhood : Las Cruces

HOUSEHOLDS
1,972
POPULATION

6,730

57.3%Renters
42.7%Home Owners
LABOR FORCE

 

34.6%White Collar
65.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,070 per month.

MY RENT : $1,070 MEDIAN RENT : $923

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 45.9%
$900-999 15.0%
$1,000-1,499 33.4%
>=$1,500 5.6%
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 $1,070 would therefore be considered affordable for annual household incomes greater than $42,800 (12 months x 3.333 x $1,070).

Rent % Affordability
Above $500 55.3%
Above $700 40.7%
Above $1,100 24.0%
Above $1,500 13.2%
Above $1,900 8.5%
HOUSEHOLD INCOME RANGE

Approximately 373 of households in this neighborhood have a total annual income of $42,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,070 per month.

MINIMUM INCOME RANGE : $42,800

Income % Distribution
<$20K 44.7%
$20K-$35K 22.1%
$35K-$60K 20.1%
$60K-$100K 8.0%
>=$100K 5.2%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.8%
5-9 mins 9.6%
10-14 mins 23.2%
15-19 mins 23.2%
20-29 mins 26.9%
30-44 mins 7.8%
45-59 mins 6.8%
>60 mins 0.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,070 per month.

MY RENT : $1,070 MEDIAN RENT : $923

Rent % Distribution
$500-699 0.0%
$700-899 45.9%
$900-999 15.0%
$1,000-1,499 33.4%
>=$1,500 5.6%
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 $1,070 would therefore be considered affordable for annual household incomes greater than $42,800 (12 months x 3.333 x $1,070).

Rent % Affordability
Above $500 55.3%
Above $700 40.7%
Above $1,100 24.0%
Above $1,500 13.2%
Above $1,900 8.5%
HOUSEHOLD INCOME RANGE

Approximately 373 of households in this neighborhood have a total annual income of $42,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,070 per month.

MINIMUM INCOME RANGE : $42,800

Income % Distribution
<$20K 44.7%
$20K-$35K 22.1%
$35K-$60K 20.1%
$60K-$100K 8.0%
>=$100K 5.2%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.8%
5-9 mins 9.6%
10-14 mins 23.2%
15-19 mins 23.2%
20-29 mins 26.9%
30-44 mins 7.8%
45-59 mins 6.8%
>60 mins 0.8%

Las Cruces Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.5%
Arts & Entertainment 8.6%
Construction 8.9%
Educational Services 10.5%
Retail & Wholesale Trader 18.7%
Transportation 11.0%
Other 33.8%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 38% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 24.2%
15-19 8.0%
20-24 5.8%
25-44 28.8%
45-65 20.1%
66+ 13.0%
OCCUPATION

Occupation % Distribution
Clean 8.8%
Management, Business, & Financial 5.3%
Natural Resources Maintenance 19.7%
Production & Transportation 20.4%
Protect 4.8%
Sales & Office 22.7%
Other 18.2%
HIGHEST EDUCATION LEVEL

6% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.9%
High School 26.6%
Masters Degree 0.7%
Some College 12.9%
Some High School 49.2%
Other 5.8%

304 E Montgomery St Comps

Sorry, we do not have sufficient data available.

304 E Montgomery St, Laredo, TX 78040 is a single family home of 1,950 sqft. HomeUnion INVESTimateĀ® for 304 E Montgomery St includes a Price Estimate of $140,132 and a Rent Estimate of $1,070. This single family home has 0 bedrooms,0 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 9.16% and Total Return of 16.75%. The estimated 1 year forecast in home value for 304 E Montgomery St is 5.15%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WEBB County , or the 78040 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 78041
  2. 78043
  3. 78046