Financials
INVESTimate
$68,075
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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
Financial Details
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Crest Park Estates
Neighborhood : Crest Park Estates
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
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).
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
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.
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
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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 39.39%. The estimated 1 year forecast in home value for 3713 Summit Ln is 12.87%.
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
