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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.

3705 Norma Dr Garland, TX 75042

3 Beds 1 Baths 1,754 sqft Built 1960
Last updated:  Oct 23, 2019

INVESTimate

$208,007

$187K - $229K

Price Est.

$1,412

$1.3K - $1.5K

Rent Est.

$234,778  ( +12.87%)   1 YR EST. FORECAST

3705 Norma Dr PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $118.59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,754 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
3705 Norma Dr, Garland, TX 75042 is a single family home of 1,754 sqft. HomeUnion estimate for 3705 Norma Dr includes a Price Estimate of $208,007 and a Rent Estimate of $1,412. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 8.15% and Total Return of 34.21%. The estimated 1 year forecast in home value for 3705 Norma Dr is 12.87%.
  
  
  

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3705 Norma Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HILLSIDE ACADEMY FOR EXCEL Primary Magnet 446 29 10
CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL Middle Magnet 1,153 62 8
SACHSE HIGH SCHOOL High Regular 2,609 152 7

HILLSIDE ACADEMY FOR EXCEL

  • Education Level: Primary
  • # of students: 446
  • # of teachers: 29
10
GreatSchools Rating

CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 62
8
GreatSchools Rating

SACHSE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,609
  • # of teachers: 152
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Forest Crest

  • 1,265

    POPULATION
  • 275

    HOUSEHOLDS
  • 19.8%

    WHITE COLLAR

Neighborhood : Forest Crest

HOUSEHOLDS
275
POPULATION

1,265

22.3%Renters
77.7%Home Owners
LABOR FORCE

 

19.8%White Collar
80.2%Blue Collar
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 $1,412 per month.

MY RENT : $1,412 MEDIAN RENT : $1,330

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 89.5%
>=$1,500 10.5%
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 $1,412 would therefore be considered affordable for annual household incomes greater than $56,480 (12 months x 3.333 x $1,412).

Rent % Affordability
Above $500 81.6%
Above $700 61.7%
Above $1,100 51.6%
Above $1,500 30.3%
Above $1,900 16.7%
HOUSEHOLD INCOME RANGE

Approximately 89 of households in this neighborhood have a total annual income of $56,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,412 per month.

MINIMUM INCOME RANGE : $56,480

Income % Distribution
<$20K 18.4%
$20K-$35K 23.5%
$35K-$60K 27.8%
$60K-$100K 20.2%
>=$100K 10.1%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 1.6%
10-14 mins 14.8%
15-19 mins 18.9%
20-29 mins 13.5%
30-44 mins 27.8%
45-59 mins 1.1%
>60 mins 22.4%
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 $1,412 per month.

MY RENT : $1,412 MEDIAN RENT : $1,330

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 89.5%
>=$1,500 10.5%
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 $1,412 would therefore be considered affordable for annual household incomes greater than $56,480 (12 months x 3.333 x $1,412).

Rent % Affordability
Above $500 81.6%
Above $700 61.7%
Above $1,100 51.6%
Above $1,500 30.3%
Above $1,900 16.7%
HOUSEHOLD INCOME RANGE

Approximately 89 of households in this neighborhood have a total annual income of $56,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,412 per month.

MINIMUM INCOME RANGE : $56,480

Income % Distribution
<$20K 18.4%
$20K-$35K 23.5%
$35K-$60K 27.8%
$60K-$100K 20.2%
>=$100K 10.1%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 1.6%
10-14 mins 14.8%
15-19 mins 18.9%
20-29 mins 13.5%
30-44 mins 27.8%
45-59 mins 1.1%
>60 mins 22.4%

Forest Crest Demographics

INDUSTRY

Industry % Distribution
Construction 23.8%
Educational Services 6.9%
Health Care & Social Assistance 3.2%
Manufacturing 9.2%
Retail & Wholesale Trader 27.5%
Transportation 4.2%
Other 25.2%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 46% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 27.0%
15-19 9.6%
20-24 9.6%
25-44 29.0%
45-65 17.7%
66+ 7.0%
OCCUPATION

Occupation % Distribution
Clean 11.6%
Education 2.3%
Natural Resources Maintenance 41.6%
PCare 7.9%
Production & Transportation 14.7%
Sales & Office 18.8%
Other 3.0%
HIGHEST EDUCATION LEVEL

4% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 2.7%
High School 28.9%
Professional 0.4%
Some College 12.2%
Some High School 49.2%
Other 6.5%

3705 Norma Dr Comps

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