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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

3906 Rockwood Dr Lago Vista, TX 78645

0 Beds 2 Baths 1,938 sqft Built 2001
Last updated:  Jan 23, 2020

INVESTimate

$274,097

$250K - $298K

Price Est.

$1,638

$1.4K - $1.8K

Rent Est.

$292,297  ( +6.64%)   1 YR EST. FORECAST
  
  
  

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3906 Rockwood Dr PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $141.43
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,938 sqft
  • Baths : 2 Full

3906 Rockwood Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAGO VISTA ELEMENTARY SCHOOL Primary Regular 587 39 8
LAGO VISTA MIDDLE SCHOOL Middle Regular 335 21 8
LAGO VISTA HIGH SCHOOL High Regular 407 31 8

LAGO VISTA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 587
  • # of teachers: 39
8
GreatSchools Rating

LAGO VISTA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 335
  • # of teachers: 21
8
GreatSchools Rating

LAGO VISTA HIGH SCHOOL

  • Education Level: High
  • # of students: 407
  • # of teachers: 31
8
GreatSchools Rating
 

Financial Details

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Neighborhood

LEANDER

  • 10,846

    POPULATION
  • 4,655

    HOUSEHOLDS
  • 75.2%

    WHITE COLLAR

Neighborhood : LEANDER

HOUSEHOLDS
4,655
POPULATION

10,846

18.1%Renters
81.9%Home Owners
LABOR FORCE

 

75.2%White Collar
24.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,638 per month.

MY RENT : $1,638 MEDIAN RENT : $1,625

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.4%
>=$1,500 64.6%
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 $1,638 would therefore be considered affordable for annual household incomes greater than $65,520 (12 months x 3.333 x $1,638).

Rent % Affordability
Above $500 90.3%
Above $700 80.0%
Above $1,100 68.2%
Above $1,500 58.1%
Above $1,900 50.3%
HOUSEHOLD INCOME RANGE

Approximately 1,965 of households in this neighborhood have a total annual income of $65,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,638 per month.

MINIMUM INCOME RANGE : $65,520

Income % Distribution
<$20K 9.7%
$20K-$35K 16.6%
$35K-$60K 15.6%
$60K-$100K 24.3%
>=$100K 33.8%
COMMUTE TIME DISTRIBUTION

34% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 42% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.5%
5-9 mins 8.8%
10-14 mins 9.5%
15-19 mins 7.0%
20-29 mins 6.5%
30-44 mins 20.8%
45-59 mins 18.0%
>60 mins 23.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,638 per month.

MY RENT : $1,638 MEDIAN RENT : $1,625

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.4%
>=$1,500 64.6%
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 $1,638 would therefore be considered affordable for annual household incomes greater than $65,520 (12 months x 3.333 x $1,638).

Rent % Affordability
Above $500 90.3%
Above $700 80.0%
Above $1,100 68.2%
Above $1,500 58.1%
Above $1,900 50.3%
HOUSEHOLD INCOME RANGE

Approximately 1,965 of households in this neighborhood have a total annual income of $65,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,638 per month.

MINIMUM INCOME RANGE : $65,520

Income % Distribution
<$20K 9.7%
$20K-$35K 16.6%
$35K-$60K 15.6%
$60K-$100K 24.3%
>=$100K 33.8%
COMMUTE TIME DISTRIBUTION

34% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 42% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.5%
5-9 mins 8.8%
10-14 mins 9.5%
15-19 mins 7.0%
20-29 mins 6.5%
30-44 mins 20.8%
45-59 mins 18.0%
>60 mins 23.8%

LEANDER Demographics

INDUSTRY

Industry % Distribution
Construction 10.5%
Educational Services 7.3%
Health Care & Social Assistance 7.6%
Manufacturing 9.6%
Professional & Scientific Tech Services 11.2%
Retail & Wholesale Trader 15.0%
Other 38.7%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 20% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 12.2%
15-19 4.7%
20-24 3.1%
25-44 18.6%
45-65 40.5%
66+ 20.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 13.6%
Construction 4.5%
Management, Business, & Financial 24.0%
Natural Resources Maintenance 8.7%
Production & Transportation 10.4%
Sales & Office 26.6%
Other 12.3%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.7%
High School 23.8%
Masters Degree 7.2%
Some College 28.1%
Some High School 5.3%
Other 27.9%

3906 Rockwood Dr Comps

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3906 Rockwood Dr, Lago Vista, TX 78645 is a single family home of 1,938 sqft. HomeUnion INVESTimateĀ® for 3906 Rockwood Dr includes a Price Estimate of $274,097 and a Rent Estimate of $1,638. This single family home has 0 bedrooms,2 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 7.17% and Total Return of 17.43%. The estimated 1 year forecast in home value for 3906 Rockwood Dr is 6.64%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , TRAVIS County , or the 78645 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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