1. < Summit Ln

Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

3713 Summit Ln Garland, TX 75042

5 Beds 3 Baths 1,796 sqft Built 1970
Last updated:  Oct 23, 2019

INVESTimate

$213,490

$192K - $235K

Price Est.

$1,547

$1.4K - $1.7K

Rent Est.

$68,075

Investment Est.

$233,451  ( +9.35%)   1 YR EST. FORECAST

OTHER REAL ESTATE INVESTMENT PROPERTIES

  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #36-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2003 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2003
    AVAILABLE
    • 16.86% GROSS YIELD
    • $13,766 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $210,000
    • $61,400
    • $2,950
  • 11417 GRANGER RD Garfield Heights, OH
    • 3 beds 1 baths ∙ 1,218 Sqft ∙ Built 1941 3 beds 1 baths ∙ 1,218 Sqft ∙ Built 1941
    AVAILABLE
    • 16.18% GROSS YIELD
    • $5,180 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $74,900
    • $25,598
    • $1,010
  • 4939 EAST 107TH ST Garfield Heights, OH
    • 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1929 4 beds 2 baths ∙ 1,320 Sqft ∙ Built 1929
    AVAILABLE
    • 16.10% GROSS YIELD
    • $5,424 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,000
    • $26,685
    • $1,060
  • 11726 Greensbrook Forest Drive Houston, TX
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2003
    AVAILABLE
    • 15.88% GROSS YIELD
    • $4,808 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $89,900
    • $29,574
    • $1,190

3713 Summit Ln PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $118.87
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,796 sqft
  • Baths : 3 Full

3713 Summit Ln 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

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Crest Park Estates

  • 1,059

    POPULATION

  • 261

    HOUSEHOLDS

  • 27.1%

    WHITE COLLAR

Neighborhood : Crest Park Estates

HOUSEHOLDS
261
POPULATION

1,059

31.8%Renters
68.2%Home Owners
LABOR FORCE

 

27.1%White Collar
72.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,547 per month.

MY RENT : $1,547 MEDIAN RENT : $1,446

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 69.3%
>=$1,500 30.7%
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 $1,547 would therefore be considered affordable for annual household incomes greater than $61,880 (12 months x 3.333 x $1,547).

Rent % Affordability
Above $500 89.3%
Above $700 83.3%
Above $1,100 62.0%
Above $1,500 54.8%
Above $1,900 37.2%
HOUSEHOLD INCOME RANGE

Approximately 88 of households in this neighborhood have a total annual income of $61,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,547 per month.

MINIMUM INCOME RANGE : $61,880

Income % Distribution
<$20K 10.7%
$20K-$35K 17.6%
$35K-$60K 16.9%
$60K-$100K 34.1%
>=$100K 20.7%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.7%
5-9 mins 4.5%
10-14 mins 14.3%
15-19 mins 7.5%
20-29 mins 34.8%
30-44 mins 25.9%
45-59 mins 8.3%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,547 per month.

MY RENT : $1,547 MEDIAN RENT : $1,446

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 69.3%
>=$1,500 30.7%
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 $1,547 would therefore be considered affordable for annual household incomes greater than $61,880 (12 months x 3.333 x $1,547).

Rent % Affordability
Above $500 89.3%
Above $700 83.3%
Above $1,100 62.0%
Above $1,500 54.8%
Above $1,900 37.2%
HOUSEHOLD INCOME RANGE

Approximately 88 of households in this neighborhood have a total annual income of $61,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,547 per month.

MINIMUM INCOME RANGE : $61,880

Income % Distribution
<$20K 10.7%
$20K-$35K 17.6%
$35K-$60K 16.9%
$60K-$100K 34.1%
>=$100K 20.7%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.7%
5-9 mins 4.5%
10-14 mins 14.3%
15-19 mins 7.5%
20-29 mins 34.8%
30-44 mins 25.9%
45-59 mins 8.3%
>60 mins 0.0%
Crest Park Estates Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 12.1%
Construction 16.4%
Educational Services 16.4%
Health Care & Social Assistance 4.5%
Manufacturing 23.1%
Retail & Wholesale Trader 6.0%
Other 21.6%
OCCUPATION

           

Occupation % Distribution
Clean 16.6%
Construction 9.9%
Natural Resources Maintenance 23.9%
PCare 7.2%
Production & Transportation 23.1%
Sales & Office 13.9%
Other 5.4%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 27.4%
15-19 3.5%
20-24 7.7%
25-44 24.3%
45-65 25.5%
66+ 11.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 11.4%
Doctorate 1.1%
High School 22.9%
Some College 22.5%
Some High School 31.2%
Other 10.9%

Crest Park Estates Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.1%
Construction 16.4%
Educational Services 16.4%
Health Care & Social Assistance 4.5%
Manufacturing 23.1%
Retail & Wholesale Trader 6.0%
Other 21.6%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 39% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 27.4%
15-19 3.5%
20-24 7.7%
25-44 24.3%
45-65 25.5%
66+ 11.6%
OCCUPATION

Occupation % Distribution
Clean 16.6%
Construction 9.9%
Natural Resources Maintenance 23.9%
PCare 7.2%
Production & Transportation 23.1%
Sales & Office 13.9%
Other 5.4%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.4%
Doctorate 1.1%
High School 22.9%
Some College 22.5%
Some High School 31.2%
Other 10.9%

3713 Summit Ln Comps

Sorry, we do not have sufficient data available.

3713 Summit Ln, Garland, TX 75042 is a single family home of 1,796 sqft. HomeUnion INVESTimateĀ® for 3713 Summit Ln includes a Price Estimate of $213,490 and a Rent Estimate of $1,547. This single family home has 5 bedrooms,3 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 8.70% and Total Return of 31.02%. The estimated 1 year forecast in home value for 3713 Summit Ln 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

Browse other real estate investments on Summit Ln

  1. 3501 Summit Ln
  2. 3502 Summit Ln
  3. 3505 Summit Ln
  4. 3506 Summit Ln
  5. 3509 Summit Ln
  6. 3510 Summit Ln
  7. 3513 Summit Ln
  8. 3514 Summit Ln
  9. 3517 Summit Ln
  10. 3518 Summit Ln
  11. 3521 Summit Ln
  12. 3522 Summit Ln
  13. 3525 Summit Ln
  14. 3526 Summit Ln
  15. 3601 Summit Ln
  16. 3602 Summit Ln
  17. 3605 Summit Ln
  18. 3606 Summit Ln
  19. 3609 Summit Ln
  20. 3610 Summit Ln
  21. 3613 Summit Ln
  22. 3614 Summit Ln
  23. 3617 Summit Ln
  24. 3618 Summit Ln
  25. 3621 Summit Ln

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Similar Investment Properties By List Price within 2 miles

  1. 3709 Summit Ln
  2. 1026 Crest Park Dr
  3. 1022 Crest Park Dr
  4. 3705 Summit Ln
  5. 1030 Crest Park Dr
  6. 3710 Summit Ln
  7. 3701 Summit Ln
  8. 1034 Crest Park Dr
  9. 1014 Crest Park Dr
  10. 3714 Matador Dr
  11. 3710 Matador Dr
  12. 3702 Summit Ln
  13. 3706 Matador Dr
  14. 1038 Crest Park Dr
  15. 3621 Summit Ln
  16. 1025 Crest Park Dr
  17. 1029 Crest Park Dr
  18. 1021 Crest Park Dr
  19. 3702 Matador Dr
  20. 1017 Crest Park Dr

Nearest zipcodes within 2 miles

  1. 75081
  2. 75044
  3. 75243
  4. 75041
Resources
Contact
866-250-5610 866-250-5610
INVESTMENT PROPERTIES BY STATE
equal-house black-seal
2010 Main Street, Suite #250, Irvine CA 92614 | Nationwide Mortgage Licensing System #1189576

© 2018 HomeUnion, Inc. All Rights Reserved.