INVESTimate
$60,130
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2501 Western Dr
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OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
3317 Western Dr PROPERTY INFO
FACTS
- Built In 1967
- Price/Sqft : $146.93
CONSTRUCTION
- Beds : 3
- Floor Size : 1,249 sqft
- Baths : 2 Full
3317 Western Dr SCHOOLS
Financial Details
See Financial Details
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Western Heights
Neighborhood : Western Heights
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,416 per month.
MY RENT : $1,416 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 $1,416 would therefore be considered affordable for annual household incomes greater than $56,640 (12 months x 3.333 x $1,416).
HOUSEHOLD INCOME RANGE
Approximately 595 of households in this neighborhood have a total annual income of $56,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,416 per month.
MINIMUM INCOME RANGE : $56,640
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% |
3317 Western Dr Comps
3317 Western Dr, Garland, TX 75042 is a single family home of 1,249 sqft. HomeUnion INVESTimate® for 3317 Western Dr includes a Price Estimate of $183,510 and a Rent Estimate of $1,416. This single family home has 3 bedrooms,2 bathrooms, and was built in 1967. This property has an estimated 15 year annualized Yield of 9.26% and Total Return of 26.21%. The estimated 1 year forecast in home value for 3317 Western 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