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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

3901 Norma Dr Garland, TX 75042

3 Beds 2 Baths 1,092 sqft Built 1962
Last updated:  Jun 30, 2018

INVESTimate

$147,078

$139K - $155K

Price Est.

$1,323

$1.2K - $1.4K

Rent Est.

$160,830  ( +9.35%)   1 YR EST. FORECAST
  
  
  

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3901 Norma Dr PROPERTY INFO

FACTS
  • Built In 1962
  • Price/Sqft : $134.69
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,092 sqft
  • Baths : 2 Full

3901 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 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,323 per month.

MY RENT : $1,323 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 $1,323 would therefore be considered affordable for annual household incomes greater than $52,920 (12 months x 3.333 x $1,323).

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 93 of households in this neighborhood have a total annual income of $52,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,323 per month.

MINIMUM INCOME RANGE : $52,920

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 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,323 per month.

MY RENT : $1,323 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 $1,323 would therefore be considered affordable for annual household incomes greater than $52,920 (12 months x 3.333 x $1,323).

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 93 of households in this neighborhood have a total annual income of $52,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,323 per month.

MINIMUM INCOME RANGE : $52,920

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%

3901 Norma Dr Comps

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3901 Norma Dr, Garland, TX 75042 is a single family home of 1,092 sqft. HomeUnion INVESTimate® for 3901 Norma Dr includes a Price Estimate of $147,078 and a Rent Estimate of $1,323. This single family home has 3 bedrooms,2 bathrooms, and was built in 1962. This property has an estimated 15 year annualized Yield of 10.79% and Total Return of 28.00%. The estimated 1 year forecast in home value for 3901 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