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This page contains information about each property aggregated from public data sources, 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.

4001 Rockwood Dr Lago Vista, TX 78645

3 Beds 2 Baths 2,138 sqft Built 1996
Last updated:  Jan 23, 2020

INVESTimate

$325,466

$297K - $354K

Price Est.

$1,623

$1.4K - $1.8K

Rent Est.

$347,077  ( +6.64%)   1 YR EST. FORECAST

4001 Rockwood Dr PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $152.23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,138 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
4001 Rockwood Dr, Lago Vista, TX 78645 is a single family home of 2,138 sqft. HomeUnion estimate for 4001 Rockwood Dr includes a Price Estimate of $325,466 and a Rent Estimate of $1,623. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 5.98% and Total Return of 15.51%. The estimated 1 year forecast in home value for 4001 Rockwood Dr is 6.64%.
  
  
  

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4001 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

  • 10,692

    POPULATION
  • 4,608

    HOUSEHOLDS
  • 71.0%

    WHITE COLLAR

Neighborhood : LEANDER

HOUSEHOLDS
4,608
POPULATION

10,692

17.1%Renters
82.9%Home Owners
LABOR FORCE

 

71.0%White Collar
29.0%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 $1,623 per month.

MY RENT : $1,623 MEDIAN RENT : $1,593

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 39.0%
>=$1,500 61.0%
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 $1,623 would therefore be considered affordable for annual household incomes greater than $64,920 (12 months x 3.333 x $1,623).

Rent % Affordability
Above $500 87.6%
Above $700 78.9%
Above $1,100 66.8%
Above $1,500 57.6%
Above $1,900 48.1%
HOUSEHOLD INCOME RANGE

Approximately 1,844 of households in this neighborhood have a total annual income of $64,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,623 per month.

MINIMUM INCOME RANGE : $64,920

Income % Distribution
<$20K 12.4%
$20K-$35K 13.6%
$35K-$60K 16.5%
$60K-$100K 27.0%
>=$100K 30.6%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 39% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 4.8%
10-14 mins 10.6%
15-19 mins 6.2%
20-29 mins 6.4%
30-44 mins 29.9%
45-59 mins 17.5%
>60 mins 21.5%
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 $1,623 per month.

MY RENT : $1,623 MEDIAN RENT : $1,593

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 39.0%
>=$1,500 61.0%
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 $1,623 would therefore be considered affordable for annual household incomes greater than $64,920 (12 months x 3.333 x $1,623).

Rent % Affordability
Above $500 87.6%
Above $700 78.9%
Above $1,100 66.8%
Above $1,500 57.6%
Above $1,900 48.1%
HOUSEHOLD INCOME RANGE

Approximately 1,844 of households in this neighborhood have a total annual income of $64,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,623 per month.

MINIMUM INCOME RANGE : $64,920

Income % Distribution
<$20K 12.4%
$20K-$35K 13.6%
$35K-$60K 16.5%
$60K-$100K 27.0%
>=$100K 30.6%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 39% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 4.8%
10-14 mins 10.6%
15-19 mins 6.2%
20-29 mins 6.4%
30-44 mins 29.9%
45-59 mins 17.5%
>60 mins 21.5%

LEANDER Demographics

INDUSTRY

Industry % Distribution
Construction 16.3%
Health Care & Social Assistance 7.5%
Manufacturing 10.1%
Professional & Scientific Tech Services 9.0%
Public Administration 6.5%
Retail & Wholesale Trader 15.8%
Other 34.8%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 19% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 11.4%
15-19 4.0%
20-24 3.6%
25-44 20.0%
45-65 38.8%
66+ 22.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.6%
Healthcare 5.1%
Management, Business, & Financial 25.0%
Natural Resources Maintenance 12.9%
Production & Transportation 9.0%
Sales & Office 25.2%
Other 12.2%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.3%
High School 20.9%
Masters Degree 7.6%
Some College 27.4%
Some High School 8.0%
Other 27.7%

4001 Rockwood Dr Comps

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