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This page contains information about each property aggregated from public data sources, 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.

3701 Burning Tree Ln Garland, TX 75042

3 Beds 3 Baths 1,816 sqft Built 1971
Last updated:  Oct 23, 2019

INVESTimate

$249,861

$224K - $275K

Price Est.

$1,586

$1.5K - $1.7K

Rent Est.

$286,391  ( +14.62%)   1 YR EST. FORECAST

3701 Burning Tree Ln PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $137.59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,816 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
3701 Burning Tree Ln, Garland, TX 75042 is a single family home of 1,816 sqft. HomeUnion estimate for 3701 Burning Tree Ln includes a Price Estimate of $249,861 and a Rent Estimate of $1,586. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 7.62% and Total Return of 39.21%. The estimated 1 year forecast in home value for 3701 Burning Tree Ln is 14.62%.
  
  
  

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3701 Burning Tree Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LIBERTY JUNIOR HIGH SCHOOL Middle Regular 600 44 6
BERKNER HIGH SCHOOL High Regular 2,639 181 6

LIBERTY JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 600
  • # of teachers: 44
6
GreatSchools Rating

BERKNER HIGH SCHOOL

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 181
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Forest Ridge

  • 7,057

    POPULATION
  • 2,263

    HOUSEHOLDS
  • 42.7%

    WHITE COLLAR

Neighborhood : Forest Ridge

HOUSEHOLDS
2,263
POPULATION

7,057

38.6%Renters
61.4%Home Owners
LABOR FORCE

 

42.7%White Collar
57.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 19% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,586 per month.

MY RENT : $1,586 MEDIAN RENT : $1,425

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 81.5%
>=$1,500 18.5%
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 $1,586 would therefore be considered affordable for annual household incomes greater than $63,440 (12 months x 3.333 x $1,586).

Rent % Affordability
Above $500 86.6%
Above $700 77.0%
Above $1,100 57.6%
Above $1,500 37.2%
Above $1,900 27.0%
HOUSEHOLD INCOME RANGE

Approximately 462 of households in this neighborhood have a total annual income of $63,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,586 per month.

MINIMUM INCOME RANGE : $63,440

Income % Distribution
<$20K 13.4%
$20K-$35K 18.9%
$35K-$60K 30.5%
$60K-$100K 26.5%
>=$100K 10.7%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.5%
5-9 mins 7.4%
10-14 mins 6.0%
15-19 mins 16.5%
20-29 mins 28.0%
30-44 mins 26.2%
45-59 mins 7.2%
>60 mins 8.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 19% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,586 per month.

MY RENT : $1,586 MEDIAN RENT : $1,425

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 81.5%
>=$1,500 18.5%
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 $1,586 would therefore be considered affordable for annual household incomes greater than $63,440 (12 months x 3.333 x $1,586).

Rent % Affordability
Above $500 86.6%
Above $700 77.0%
Above $1,100 57.6%
Above $1,500 37.2%
Above $1,900 27.0%
HOUSEHOLD INCOME RANGE

Approximately 462 of households in this neighborhood have a total annual income of $63,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,586 per month.

MINIMUM INCOME RANGE : $63,440

Income % Distribution
<$20K 13.4%
$20K-$35K 18.9%
$35K-$60K 30.5%
$60K-$100K 26.5%
>=$100K 10.7%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.5%
5-9 mins 7.4%
10-14 mins 6.0%
15-19 mins 16.5%
20-29 mins 28.0%
30-44 mins 26.2%
45-59 mins 7.2%
>60 mins 8.1%

Forest Ridge Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.5%
Construction 9.1%
Educational Services 7.0%
Health Care & Social Assistance 14.5%
Manufacturing 13.7%
Retail & Wholesale Trader 11.6%
Other 36.6%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 35% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 19.4%
15-19 7.7%
20-24 8.1%
25-44 26.8%
45-65 25.2%
66+ 12.9%
OCCUPATION

Occupation % Distribution
Clean 10.3%
Management, Business, & Financial 11.8%
Natural Resources Maintenance 11.3%
PCare 10.4%
Production & Transportation 15.3%
Sales & Office 20.4%
Other 20.5%
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 5.6%
High School 30.4%
Masters Degree 2.0%
Some College 22.0%
Some High School 28.3%
Other 11.8%

3701 Burning Tree Ln Comps

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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

Nearest zipcodes within 2 miles

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