INVESTimate
$60,849
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3338 March Ln
OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
3234 March Ln PROPERTY INFO
FACTS
- Built In 1968
- Price/Sqft : $110.00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,693 sqft
- Baths : 2 Full
3234 March Ln SCHOOLS
Financial Details
See Financial Details
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Western Heights
Neighborhood : Western Heights
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 26% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,501 per month.
MY RENT : $1,501 MEDIAN RENT : $1,410
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 $1,501 would therefore be considered affordable for annual household incomes greater than $60,040 (12 months x 3.333 x $1,501).
HOUSEHOLD INCOME RANGE
Approximately 357 of households in this neighborhood have a total annual income of $60,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,501 per month.
MINIMUM INCOME RANGE : $60,040
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
Western Heights Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 5.3% |
Arts & Entertainment | 16.9% |
Construction | 11.9% |
Health Care & Social Assistance | 5.6% |
Manufacturing | 14.9% |
Retail & Wholesale Trader | 13.0% |
Other | 32.3% |
AGE DISTRIBUTION
43% of the population is between the ages of 25 and 64, 51% is 24 or younger and 7% is 65 or older.
Age | % Distribution |
---|---|
<15 | 30.1% |
15-19 | 10.2% |
20-24 | 10.3% |
25-44 | 21.3% |
45-65 | 21.2% |
66+ | 6.8% |
OCCUPATION
Occupation | % Distribution |
---|---|
Education | 14.1% |
Management, Business, & Financial | 10.9% |
Natural Resources Maintenance | 18.9% |
PCare | 9.5% |
Production & Transportation | 20.4% |
Sales & Office | 10.6% |
Other | 15.7% |
HIGHEST EDUCATION LEVEL
9% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 5.3% |
High School | 22.6% |
Masters Degree | 3.3% |
Some College | 18.4% |
Some High School | 43.3% |
Other | 7.1% |
3234 March Ln Comps
3234 March Ln, Garland, TX 75042 is a single family home of 1,693 sqft. HomeUnion INVESTimate® for 3234 March Ln includes a Price Estimate of $186,224 and a Rent Estimate of $1,501. This single family home has 3 bedrooms,2 bathrooms, and was built in 1968. This property has an estimated 15 year annualized Yield of 9.67% and Total Return of 27.40%. The estimated 1 year forecast in home value for 3234 March Ln is 9.35%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX, DALLAS County, or the 75042 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2