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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

402 Washington St Laredo, TX 78040

0 Beds 0 Baths 1,320 sqft Built 1927
Last updated:  Oct 23, 2019

INVESTimate

$99,097

$89.2K - $109K

Price Est.

$908

850 - 966

Rent Est.

$104,200  ( +5.15%)   1 YR EST. FORECAST
  
  
  

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402 Washington St PROPERTY INFO

FACTS
  • Built In 1927
  • Price/Sqft : $75.07
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,320 sqft
  • Baths : 0 Full

402 Washington St SCHOOLS

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Financial Details

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Neighborhood

El Azteca

  • 2,928

    POPULATION
  • 719

    HOUSEHOLDS
  • 20.3%

    WHITE COLLAR

Neighborhood : El Azteca

HOUSEHOLDS
719
POPULATION

2,928

64.4%Renters
35.6%Home Owners
LABOR FORCE

 

20.3%White Collar
79.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $908 per month.

MY RENT : $908 MEDIAN RENT : $824

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 62.7%
$900-999 19.0%
$1,000-1,499 18.1%
>=$1,500 0.2%
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 $908 would therefore be considered affordable for annual household incomes greater than $36,320 (12 months x 3.333 x $908).

Rent % Affordability
Above $500 39.0%
Above $700 30.7%
Above $1,100 13.6%
Above $1,500 6.8%
Above $1,900 2.1%
HOUSEHOLD INCOME RANGE

Approximately 86 of households in this neighborhood have a total annual income of $36,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $908 per month.

MINIMUM INCOME RANGE : $36,320

Income % Distribution
<$20K 61.0%
$20K-$35K 19.3%
$35K-$60K 12.9%
$60K-$100K 6.8%
>=$100K 0.0%
COMMUTE TIME DISTRIBUTION

75% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.9%
10-14 mins 7.8%
15-19 mins 21.2%
20-29 mins 33.8%
30-44 mins 20.4%
45-59 mins 0.9%
>60 mins 3.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $908 per month.

MY RENT : $908 MEDIAN RENT : $824

Rent % Distribution
$500-699 0.0%
$700-899 62.7%
$900-999 19.0%
$1,000-1,499 18.1%
>=$1,500 0.2%
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 $908 would therefore be considered affordable for annual household incomes greater than $36,320 (12 months x 3.333 x $908).

Rent % Affordability
Above $500 39.0%
Above $700 30.7%
Above $1,100 13.6%
Above $1,500 6.8%
Above $1,900 2.1%
HOUSEHOLD INCOME RANGE

Approximately 86 of households in this neighborhood have a total annual income of $36,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $908 per month.

MINIMUM INCOME RANGE : $36,320

Income % Distribution
<$20K 61.0%
$20K-$35K 19.3%
$35K-$60K 12.9%
$60K-$100K 6.8%
>=$100K 0.0%
COMMUTE TIME DISTRIBUTION

75% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.9%
10-14 mins 7.8%
15-19 mins 21.2%
20-29 mins 33.8%
30-44 mins 20.4%
45-59 mins 0.9%
>60 mins 3.0%

El Azteca Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.7%
Construction 12.4%
Educational Services 17.2%
Health Care & Social Assistance 13.9%
Retail & Wholesale Trader 11.0%
Transportation 16.7%
Other 22.2%
AGE DISTRIBUTION

42% of the population is between the ages of 25 and 64, 48% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 32.0%
15-19 6.8%
20-24 9.2%
25-44 21.9%
45-65 19.9%
66+ 10.2%
OCCUPATION

Occupation % Distribution
Clean 6.5%
Natural Resources Maintenance 22.4%
PCare 11.4%
Production & Transportation 23.2%
Protect 7.3%
Sales & Office 12.7%
Other 16.5%
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 3.4%
High School 30.6%
Masters Degree 1.6%
Some College 6.8%
Some High School 52.6%
Other 4.9%

402 Washington St Comps

Sorry, we do not have sufficient data available.

402 Washington St, Laredo, TX 78040 is a single family home of 1,320 sqft. HomeUnion INVESTimateĀ® for 402 Washington St includes a Price Estimate of $99,097 and a Rent Estimate of $908. This single family home has 0 bedrooms,0 bathrooms, and was built in 1927. This property has an estimated 15 year annualized Yield of 11.00% and Total Return of 21.85%. The estimated 1 year forecast in home value for 402 Washington St is 5.15%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WEBB County , or the 78040 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 78041
  2. 78043
  3. 78046