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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

3348 Castlewood Blvd Highland Village, TX 75077

5 Beds 4 Baths 4,413 sqft Built 2000
Last updated:  Dec 26, 2019

INVESTimate

$541,998

$505K - $579K

Price Est.

$4,187

$4.0K - $4.4K

Rent Est.

$564,925  ( +4.23%)   1 YR EST. FORECAST
  
  
  

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3348 Castlewood Blvd PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $122.82
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,413 sqft
  • Baths : 4 Full

3348 Castlewood Blvd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HERITAGE ELEMENTARY SCHOOL Primary Regular 710 42 10
BRIARHILL MIDDLE SCHOOL Middle Regular 993 64 9
MARCUS 9TH GRADE CAMPUS High Regular 3,182 198 8

HERITAGE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 42
10
GreatSchools Rating

BRIARHILL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 993
  • # of teachers: 64
9
GreatSchools Rating

MARCUS 9TH GRADE CAMPUS

  • Education Level: High
  • # of students: 3,182
  • # of teachers: 198
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Castlewood

  • 1,370

    POPULATION
  • 393

    HOUSEHOLDS
  • 83.8%

    WHITE COLLAR

Neighborhood : Castlewood

HOUSEHOLDS
393
POPULATION

1,370

6.2%Renters
93.8%Home Owners
LABOR FORCE

 

83.8%White Collar
16.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,187 per month.

MY RENT : $4,187 MEDIAN RENT : $3,245

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $4,187 would therefore be considered affordable for annual household incomes greater than $167,480 (12 months x 3.333 x $4,187).

Rent % Affordability
Above $500 93.8%
Above $700 91.0%
Above $1,100 84.2%
Above $1,500 82.1%
Above $1,900 75.0%
HOUSEHOLD INCOME RANGE

Approximately 86 of households in this neighborhood have a total annual income of $167,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,187 per month.

MINIMUM INCOME RANGE : $167,480

Income % Distribution
<$20K 6.2%
$20K-$35K 4.6%
$35K-$60K 7.2%
$60K-$100K 15.1%
>=$100K 66.9%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 11.0%
10-14 mins 7.2%
15-19 mins 5.3%
20-29 mins 18.4%
30-44 mins 22.7%
45-59 mins 21.2%
>60 mins 13.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,187 per month.

MY RENT : $4,187 MEDIAN RENT : $3,245

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $4,187 would therefore be considered affordable for annual household incomes greater than $167,480 (12 months x 3.333 x $4,187).

Rent % Affordability
Above $500 93.8%
Above $700 91.0%
Above $1,100 84.2%
Above $1,500 82.1%
Above $1,900 75.0%
HOUSEHOLD INCOME RANGE

Approximately 86 of households in this neighborhood have a total annual income of $167,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,187 per month.

MINIMUM INCOME RANGE : $167,480

Income % Distribution
<$20K 6.2%
$20K-$35K 4.6%
$35K-$60K 7.2%
$60K-$100K 15.1%
>=$100K 66.9%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 11.0%
10-14 mins 7.2%
15-19 mins 5.3%
20-29 mins 18.4%
30-44 mins 22.7%
45-59 mins 21.2%
>60 mins 13.4%

Castlewood Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.6%
Educational Services 7.5%
Financial Industries 8.3%
Health Care & Social Assistance 13.1%
Professional & Scientific Tech Services 13.4%
Retail & Wholesale Trader 12.7%
Other 36.5%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 34% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 23.4%
15-19 5.8%
20-24 4.6%
25-44 22.7%
45-65 35.0%
66+ 8.5%
OCCUPATION

Occupation % Distribution
Adesm 4.2%
Computer Engineering 8.9%
Healthcare 9.6%
Management, Business, & Financial 36.0%
Production & Transportation 7.0%
Sales & Office 18.5%
Other 15.8%
HIGHEST EDUCATION LEVEL

28% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.0%
High School 8.4%
Masters Degree 12.1%
Professional 3.1%
Some College 19.4%
Other 45.9%

3348 Castlewood Blvd Comps

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3348 Castlewood Blvd, Highland Village, TX 75077 is a single family home of 4,413 sqft. HomeUnion INVESTimateĀ® for 3348 Castlewood Blvd includes a Price Estimate of $541,998 and a Rent Estimate of $4,187. This single family home has 5 bedrooms,4 bathrooms, and was built in 2000. This property has an estimated 15 year annualized Yield of 9.27% and Total Return of 23.59%. The estimated 1 year forecast in home value for 3348 Castlewood Blvd is 4.23%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , DENTON County , or the 75077 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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