INVESTimate
$56,527
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3242 Potomac Dr
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3245 Potomac Dr
OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
3238 Potomac Dr PROPERTY INFO
FACTS
- Built In 1971
- Price/Sqft : $106.13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,601 sqft
- Baths : 2 Full
3238 Potomac Dr 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 $1,505 per month.
MY RENT : $1,505 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 $1,505 would therefore be considered affordable for annual household incomes greater than $60,200 (12 months x 3.333 x $1,505).
HOUSEHOLD INCOME RANGE
Approximately 357 of households in this neighborhood have a total annual income of $60,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,505 per month.
MINIMUM INCOME RANGE : $60,200
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% |
3238 Potomac Dr Comps
3238 Potomac Dr, Garland, TX 75042 is a single family home of 1,601 sqft. HomeUnion INVESTimate® for 3238 Potomac Dr includes a Price Estimate of $169,913 and a Rent Estimate of $1,505. This single family home has 3 bedrooms,2 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 10.63% and Total Return of 29.85%. The estimated 1 year forecast in home value for 3238 Potomac Dr 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