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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

404 Corpus Christi St Laredo, TX 78040

0 Beds 0 Baths 660 sqft Built 1799
Last updated:  Oct 23, 2019

INVESTimate

$93,652

$84.3K - $103K

Price Est.

$746

699 - 793

Rent Est.

$98,475  ( +5.15%)   1 YR EST. FORECAST
  
  
  

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404 Corpus Christi St PROPERTY INFO

FACTS
  • Built In 1799
  • Price/Sqft : $141.90
CONSTRUCTION
  • Beds : 0
  • Floor Size : 660 sqft
  • Baths : 0 Full

404 Corpus Christi St SCHOOLS

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Financial Details

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Neighborhood

LAX

  • 2,453

    POPULATION
  • 597

    HOUSEHOLDS
  • 30.3%

    WHITE COLLAR

Neighborhood : LAX

HOUSEHOLDS
597
POPULATION

2,453

51.9%Renters
48.1%Home Owners
LABOR FORCE

 

30.3%White Collar
69.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $746 per month.

MY RENT : $746 MEDIAN RENT : $845

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 58.5%
$900-999 20.0%
$1,000-1,499 21.5%
>=$1,500 0.0%
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 $746 would therefore be considered affordable for annual household incomes greater than $29,840 (12 months x 3.333 x $746).

Rent % Affordability
Above $500 58.2%
Above $700 44.7%
Above $1,100 22.5%
Above $1,500 11.6%
Above $1,900 3.2%
HOUSEHOLD INCOME RANGE

Approximately 1,626 of households in this neighborhood have a total annual income of $29,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $746 per month.

MINIMUM INCOME RANGE : $29,840

Income % Distribution
<$20K 41.8%
$20K-$35K 26.3%
$35K-$60K 20.3%
$60K-$100K 11.6%
>=$100K 0.0%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 23% 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 1.0%
5-9 mins 6.5%
10-14 mins 15.9%
15-19 mins 43.2%
20-29 mins 21.7%
30-44 mins 8.0%
45-59 mins 0.7%
>60 mins 2.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $746 per month.

MY RENT : $746 MEDIAN RENT : $845

Rent % Distribution
$500-699 0.0%
$700-899 58.5%
$900-999 20.0%
$1,000-1,499 21.5%
>=$1,500 0.0%
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 $746 would therefore be considered affordable for annual household incomes greater than $29,840 (12 months x 3.333 x $746).

Rent % Affordability
Above $500 58.2%
Above $700 44.7%
Above $1,100 22.5%
Above $1,500 11.6%
Above $1,900 3.2%
HOUSEHOLD INCOME RANGE

Approximately 1,626 of households in this neighborhood have a total annual income of $29,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $746 per month.

MINIMUM INCOME RANGE : $29,840

Income % Distribution
<$20K 41.8%
$20K-$35K 26.3%
$35K-$60K 20.3%
$60K-$100K 11.6%
>=$100K 0.0%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 23% 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 1.0%
5-9 mins 6.5%
10-14 mins 15.9%
15-19 mins 43.2%
20-29 mins 21.7%
30-44 mins 8.0%
45-59 mins 0.7%
>60 mins 2.8%

LAX Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.9%
Construction 7.4%
Educational Services 7.1%
Health Care & Social Assistance 12.2%
Retail & Wholesale Trader 20.0%
Transportation 7.9%
Other 29.5%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 41% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 32.0%
15-19 4.6%
20-24 4.4%
25-44 30.3%
45-65 18.5%
66+ 10.2%
OCCUPATION

Occupation % Distribution
Clean 7.9%
Natural Resources Maintenance 21.1%
PCare 6.2%
Production & Transportation 18.5%
Protect 5.7%
Sales & Office 26.0%
Other 14.7%
HIGHEST EDUCATION LEVEL

2% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 1.6%
High School 33.8%
Masters Degree 0.6%
Some College 16.3%
Some High School 44.9%
Other 2.7%

404 Corpus Christi St Comps

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404 Corpus Christi St, Laredo, TX 78040 is a single family home of 660 sqft. HomeUnion INVESTimateĀ® for 404 Corpus Christi St includes a Price Estimate of $93,652 and a Rent Estimate of $746. This single family home has 0 bedrooms,0 bathrooms, and was built in 1799. This property has an estimated 15 year annualized Yield of 9.56% and Total Return of 22.36%. The estimated 1 year forecast in home value for 404 Corpus Christi 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

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