Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

3930 Norma Dr Garland, TX 75042

3 Beds 2 Baths 1,217 sqft Built 1967
Last updated:  Jun 30, 2018

INVESTimate

$147,055

$139K - $155K

Price Est.

$1,238

$1.1K - $1.3K

Rent Est.

$160,805  ( +9.35%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 7518 Morley STREET Houston, TX
    • 11 beds 6 baths ∙ 3,016 Sqft ∙ Built 1980 ∙ 6units 11 beds 6 baths ∙ 3,016 Sqft ∙ Built 1980 ∙ 6units
    AVAILABLE
    • 14.87% GROSS YIELD
    • $18,272 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $345,000
    • $116,425
    • $4,275
  • 3134 MARIBELLE San Antonio, TX
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1973
    AVAILABLE
    • 13.85% GROSS YIELD
    • $6,149 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $40,650
    • $1,270
  • 175 SPUR 3007 Scroggins, TX
    • 3 beds 3 baths ∙ 2,736 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,736 Sqft ∙ Built 1986
    AVAILABLE
    • 13.62% GROSS YIELD
    • $15,584 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $200,000
    • $64,500
    • $2,270
  • 2679 RED ROCK Street #202 Las Vegas, NV
    • 2 beds 1 baths ∙ 1,266 Sqft ∙ Built 1985 2 beds 1 baths ∙ 1,266 Sqft ∙ Built 1985
    AVAILABLE
    • 13.45% GROSS YIELD
    • $9,161 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $149,000
    • $50,985
    • $1,670

3930 Norma Dr PROPERTY INFO

FACTS
  • Built In 1967
  • Price/Sqft : $120.83
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,217 sqft
  • Baths : 1 Full 1 Half

3930 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

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Bullock Estates

  • 927

    POPULATION
  • 227

    HOUSEHOLDS
  • 36.4%

    WHITE COLLAR

Neighborhood : Bullock Estates

HOUSEHOLDS
227
POPULATION

927

53.7%Renters
46.3%Home Owners
LABOR FORCE

 

36.4%White Collar
63.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,238 per month.

MY RENT : $1,238 MEDIAN RENT : $1,382

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 81.2%
>=$1,500 18.8%
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 $1,238 would therefore be considered affordable for annual household incomes greater than $49,520 (12 months x 3.333 x $1,238).

Rent % Affordability
Above $500 57.8%
Above $700 46.6%
Above $1,100 34.8%
Above $1,500 29.3%
Above $1,900 24.0%
HOUSEHOLD INCOME RANGE

Approximately 71 of households in this neighborhood have a total annual income of $49,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,238 per month.

MINIMUM INCOME RANGE : $49,520

Income % Distribution
<$20K 42.2%
$20K-$35K 16.0%
$35K-$60K 12.4%
$60K-$100K 16.0%
>=$100K 13.3%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 13.3%
10-14 mins 14.2%
15-19 mins 31.0%
20-29 mins 14.5%
30-44 mins 15.6%
45-59 mins 8.8%
>60 mins 2.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,238 per month.

MY RENT : $1,238 MEDIAN RENT : $1,382

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 81.2%
>=$1,500 18.8%
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 $1,238 would therefore be considered affordable for annual household incomes greater than $49,520 (12 months x 3.333 x $1,238).

Rent % Affordability
Above $500 57.8%
Above $700 46.6%
Above $1,100 34.8%
Above $1,500 29.3%
Above $1,900 24.0%
HOUSEHOLD INCOME RANGE

Approximately 71 of households in this neighborhood have a total annual income of $49,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,238 per month.

MINIMUM INCOME RANGE : $49,520

Income % Distribution
<$20K 42.2%
$20K-$35K 16.0%
$35K-$60K 12.4%
$60K-$100K 16.0%
>=$100K 13.3%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 13.3%
10-14 mins 14.2%
15-19 mins 31.0%
20-29 mins 14.5%
30-44 mins 15.6%
45-59 mins 8.8%
>60 mins 2.7%

Bullock Estates Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.5%
Construction 16.3%
Financial Industries 6.4%
Health Care & Social Assistance 8.9%
Manufacturing 13.6%
Retail & Wholesale Trader 23.0%
Other 19.4%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 45% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 30.9%
15-19 9.1%
20-24 5.0%
25-44 28.0%
45-65 18.8%
66+ 8.3%
OCCUPATION

Occupation % Distribution
Education 5.2%
Healthcare 6.4%
Management, Business, & Financial 13.9%
Natural Resources Maintenance 20.3%
Production & Transportation 31.1%
Sales & Office 23.1%
Other 0.0%
HIGHEST EDUCATION LEVEL

5% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.1%
Doctorate 0.8%
High School 20.9%
Some College 29.7%
Some High School 36.8%
Other 8.7%

3930 Norma Dr Comps

Sorry, we do not have sufficient data available.

3930 Norma Dr, Garland, TX 75042 is a single family home of 1,217 sqft. HomeUnion INVESTimate® for 3930 Norma Dr includes a Price Estimate of $147,055 and a Rent Estimate of $1,238. This single family home has 3 bedrooms,2 bathrooms, and was built in 1967. This property has an estimated 15 year annualized Yield of 10.10% and Total Return of 25.56%. The estimated 1 year forecast in home value for 3930 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