INVESTimate
$62,100
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3713 Summit Ln
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3714 Summit Ln
OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
3713 Summit Ln PROPERTY INFO
FACTS
- Built In 1970
- Price/Sqft : $106.32
CONSTRUCTION
- Beds : 5
- Floor Size : 1,796 sqft
- Baths : 3 Full
3713 Summit Ln SCHOOLS
Financial Details
See 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 $1,589 per month.
MY RENT : $1,589 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 $1,589 would therefore be considered affordable for annual household incomes greater than $63,560 (12 months x 3.333 x $1,589).
HOUSEHOLD INCOME RANGE
Approximately 86 of households in this neighborhood have a total annual income of $63,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,589 per month.
MINIMUM INCOME RANGE : $63,560
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
3713 Summit Ln, Garland, TX 75042 is a single family home of 1,796 sqft. HomeUnion INVESTimate® for 3713 Summit Ln includes a Price Estimate of $190,944 and a Rent Estimate of $1,589. This single family home has 5 bedrooms,3 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 9.99% and Total Return of 28.48%. 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