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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

3141 Quail Springs Rd 8 Corpus Christi, TX 78414

4 Beds 0 Baths 2,483 sqft Built 1998
Last updated:  Jul 30, 2018

INVESTimate

$292,557

$275K - $311K

Price Est.

$1,795

$1.7K - $1.9K

Rent Est.

$305,137  ( +4.3%)   1 YR EST. FORECAST
  
  
  

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3141 Quail Springs Rd 8 PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $117.82
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,483 sqft
  • Baths : 0 Full

3141 Quail Springs Rd 8 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BARNES ELEMENTARY SCHOOL Primary Regular 629 34 6
DOROTHY ADKINS MIDDLE SCHOOL Middle Unknown NA
KING HIGH SCHOOL High Regular 2,426 125 4

BARNES ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 34
6
GreatSchools Rating

DOROTHY ADKINS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

KING HIGH SCHOOL

  • Education Level: High
  • # of students: 2,426
  • # of teachers: 125
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Southside

  • 112,289

    POPULATION
  • 41,546

    HOUSEHOLDS
  • 61.5%

    WHITE COLLAR

Neighborhood : Southside

HOUSEHOLDS
41,546
POPULATION

112,289

43.0%Renters
57.0%Home Owners
LABOR FORCE

 

61.5%White Collar
38.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 40% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,795 per month.

MY RENT : $1,795 MEDIAN RENT : $1,424

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.4%
$900-999 1.7%
$1,000-1,499 56.4%
>=$1,500 40.5%
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 $1,795 would therefore be considered affordable for annual household incomes greater than $71,800 (12 months x 3.333 x $1,795).

Rent % Affordability
Above $500 86.1%
Above $700 79.1%
Above $1,100 63.7%
Above $1,500 51.7%
Above $1,900 39.9%
HOUSEHOLD INCOME RANGE

Approximately 13,619 of households in this neighborhood have a total annual income of $71,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,795 per month.

MINIMUM INCOME RANGE : $71,800

Income % Distribution
<$20K 13.9%
$20K-$35K 13.4%
$35K-$60K 20.9%
$60K-$100K 26.4%
>=$100K 25.3%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 10.1%
10-14 mins 18.2%
15-19 mins 24.4%
20-29 mins 27.4%
30-44 mins 11.4%
45-59 mins 3.3%
>60 mins 3.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 40% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,795 per month.

MY RENT : $1,795 MEDIAN RENT : $1,424

Rent % Distribution
$500-699 0.0%
$700-899 1.4%
$900-999 1.7%
$1,000-1,499 56.4%
>=$1,500 40.5%
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 $1,795 would therefore be considered affordable for annual household incomes greater than $71,800 (12 months x 3.333 x $1,795).

Rent % Affordability
Above $500 86.1%
Above $700 79.1%
Above $1,100 63.7%
Above $1,500 51.7%
Above $1,900 39.9%
HOUSEHOLD INCOME RANGE

Approximately 13,619 of households in this neighborhood have a total annual income of $71,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,795 per month.

MINIMUM INCOME RANGE : $71,800

Income % Distribution
<$20K 13.9%
$20K-$35K 13.4%
$35K-$60K 20.9%
$60K-$100K 26.4%
>=$100K 25.3%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 10.1%
10-14 mins 18.2%
15-19 mins 24.4%
20-29 mins 27.4%
30-44 mins 11.4%
45-59 mins 3.3%
>60 mins 3.3%

Southside Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.1%
Educational Services 10.4%
Health Care & Social Assistance 15.9%
Manufacturing 5.8%
Public Administration 8.6%
Retail & Wholesale Trader 15.3%
Other 32.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 37% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 22.2%
15-19 6.4%
20-24 7.9%
25-44 29.0%
45-65 23.2%
66+ 11.1%
OCCUPATION

Occupation % Distribution
Construction 7.0%
Healthcare 10.3%
Management, Business, & Financial 13.8%
Natural Resources Maintenance 12.6%
Production & Transportation 9.9%
Sales & Office 24.7%
Other 21.6%
HIGHEST EDUCATION LEVEL

19% 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 25.1%
Masters Degree 7.2%
Some College 27.4%
Some High School 11.3%
Other 19.7%

3141 Quail Springs Rd 8 Comps

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3141 Quail Springs Rd 8, Corpus Christi, TX 78414 is a single family home of 2,483 sqft. HomeUnion INVESTimate® for 3141 Quail Springs Rd 8 includes a Price Estimate of $292,557 and a Rent Estimate of $1,795. This single family home has 4 bedrooms,0 bathrooms, and was built in 1998. This property has an estimated 15 year annualized Yield of 7.36% and Total Return of 12.29%. The estimated 1 year forecast in home value for 3141 Quail Springs Rd 8 is 4.3%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX, NUECES County, or the 78414 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2