INVESTimate
$57,233
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3501 Norma Dr
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3502 Norma Dr
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3505 Norma Dr
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3601 Norma Dr
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3701 Norma Dr
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3706 Norma Dr
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3709 Norma Dr
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3710 Norma Dr
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3713 Norma Dr
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3714 Norma Dr
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3717 Norma Dr
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3721 Norma Dr
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3802 Norma Dr
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3806 Norma Dr
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3810 Norma Dr
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3901 Norma Dr
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3902 Norma Dr
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3905 Norma Dr
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3906 Norma Dr
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3910 Norma Dr
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3912 Norma Dr
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3914 Norma Dr
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3916 Norma Dr
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3925 Norma Dr
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3930 Norma Dr
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3933 Norma Dr
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3934 Norma Dr
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3935 Norma Dr
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3936 Norma Dr
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3937 Norma Dr
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3938 Norma Dr
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3939 Norma Dr
OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
3806 Norma Dr PROPERTY INFO
FACTS
- Built In 1963
- Price/Sqft : $118.45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,457 sqft
- Baths : 1 Full 1 Half
3806 Norma Dr SCHOOLS
Financial Details
See Financial Details
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Forest Crest
Neighborhood : Forest Crest
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 52% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,268 per month.
MY RENT : $1,268 MEDIAN RENT : $1,330
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 $1,268 would therefore be considered affordable for annual household incomes greater than $50,720 (12 months x 3.333 x $1,268).
HOUSEHOLD INCOME RANGE
Approximately 96 of households in this neighborhood have a total annual income of $50,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,268 per month.
MINIMUM INCOME RANGE : $50,720
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.
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% |
3806 Norma Dr Comps
3806 Norma Dr, Garland, TX 75042 is a single family home of 1,457 sqft. HomeUnion INVESTimate® for 3806 Norma Dr includes a Price Estimate of $172,579 and a Rent Estimate of $1,268. This single family home has 3 bedrooms,2 bathrooms, and was built in 1963. This property has an estimated 15 year annualized Yield of 8.82% and Total Return of 23.94%. The estimated 1 year forecast in home value for 3806 Norma Dr 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