4006 Red Bird Trl PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $320.37
CONSTRUCTION
- Beds : 0
- Floor Size : 3,238 sqft
- Baths : 4 Full
PROPERTY DESCRIPTION
4006 Red Bird Trl, Lago Vista, TX 78645 is a single family home of 3,238 sqft. HomeUnion estimate for 4006 Red Bird Trl includes a Price Estimate of $1,037,358 and a Rent Estimate of $2,741. This single family home has 0 bedrooms, 4 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 3.17% and Total Return of 11.01%. The estimated 1 year forecast in home value for 4006 Red Bird Trl is 6.64%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
4006 Red Bird Trl SCHOOLS
Financial Details
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Lodge Acres
Neighborhood : Lodge Acres
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,741 per month.
MY RENT : $2,741 MEDIAN RENT : $1,695
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 $2,741 would therefore be considered affordable for annual household incomes greater than $109,640 (12 months x 3.333 x $2,741).
HOUSEHOLD INCOME RANGE
Approximately 11 of households in this neighborhood have a total annual income of $109,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,741 per month.
MINIMUM INCOME RANGE : $109,640
COMMUTE TIME DISTRIBUTION
39% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 43% has a commute time of 45 minutes or longer.
Lodge Acres Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 10.2% |
Health Care & Social Assistance | 13.6% |
Manufacturing | 11.9% |
Professional & Scientific Tech Services | 11.9% |
Retail & Wholesale Trader | 13.6% |
Transportation | 5.1% |
Other | 33.9% |
AGE DISTRIBUTION
64% of the population is between the ages of 25 and 64, 19% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 14.2% |
15-19 | 1.5% |
20-24 | 3.0% |
25-44 | 18.7% |
45-65 | 45.5% |
66+ | 17.2% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 7.1% |
Healthcare | 7.1% |
Management, Business, & Financial | 31.0% |
Natural Resources Maintenance | 7.1% |
Production & Transportation | 9.5% |
Sales & Office | 28.6% |
Other | 9.5% |
HIGHEST EDUCATION LEVEL
25% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 11.5% |
High School | 23.1% |
Masters Degree | 10.6% |
Some College | 26.0% |
Some High School | 4.8% |
Other | 24.0% |
4006 Red Bird Trl Comps
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