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

405 Rio Hondo Loop E Tarpley, TX 78883

0 Beds 0 Baths 2,602 sqft Built 1973
Last updated:  Nov 28, 2019

INVESTimate

$304,914

$277K - $333K

Price Est.

$1,444

$1.3K - $1.6K

Rent Est.

$317,659  ( +4.18%)   1 YR EST. FORECAST
  
  
  

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

  • 27440 N ALMA SCHOOL PARKWAY #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,795 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1092 Rebel Forest DRIVE Atlanta, GA
    • 3 beds 1 baths ∙ 960 Sqft ∙ Built 1990 3 beds 1 baths ∙ 960 Sqft ∙ Built 1990
    AVAILABLE
    • 14.18% GROSS YIELD
    • $10,195 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $62,150
    • $1,300
  • 12448 ROYAL LAKE DRIVE Conroe, TX
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1993
    AVAILABLE
    • 13.18% GROSS YIELD
    • $7,391 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $111,995
    • $35,429
    • $1,230

405 Rio Hondo Loop E PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $117.18
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,602 sqft
  • Baths : 0 Full

405 Rio Hondo Loop E SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
UTOPIA SCHOOL Primary Regular 203 21 7
UTOPIA SCHOOL Middle Regular 203 21 7
UTOPIA SCHOOL High Regular 203 21 7

UTOPIA SCHOOL

  • Education Level: Primary
  • # of students: 203
  • # of teachers: 21
7
GreatSchools Rating

UTOPIA SCHOOL

  • Education Level: Middle
  • # of students: 203
  • # of teachers: 21
7
GreatSchools Rating

UTOPIA SCHOOL

  • Education Level: High
  • # of students: 203
  • # of teachers: 21
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

TARPLEY

  • 189

    POPULATION
  • 90

    HOUSEHOLDS
  • 77.0%

    WHITE COLLAR

Neighborhood : TARPLEY

HOUSEHOLDS
90
POPULATION

189

16.3%Renters
83.7%Home Owners
LABOR FORCE

 

77.0%White Collar
23.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,444 per month.

MY RENT : $1,444 MEDIAN RENT : $1,220

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 23.1%
$900-999 0.0%
$1,000-1,499 69.2%
>=$1,500 7.7%
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 $1,444 would therefore be considered affordable for annual household incomes greater than $57,760 (12 months x 3.333 x $1,444).

Rent % Affordability
Above $500 83.0%
Above $700 79.8%
Above $1,100 63.6%
Above $1,500 39.8%
Above $1,900 32.5%
HOUSEHOLD INCOME RANGE

Approximately 36 of households in this neighborhood have a total annual income of $57,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,444 per month.

MINIMUM INCOME RANGE : $57,760

Income % Distribution
<$20K 17.0%
$20K-$35K 10.2%
$35K-$60K 33.0%
$60K-$100K 18.2%
>=$100K 21.6%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 10.0%
5-9 mins 8.0%
10-14 mins 6.0%
15-19 mins 24.0%
20-29 mins 6.0%
30-44 mins 18.0%
45-59 mins 16.0%
>60 mins 12.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,444 per month.

MY RENT : $1,444 MEDIAN RENT : $1,220

Rent % Distribution
$500-699 0.0%
$700-899 23.1%
$900-999 0.0%
$1,000-1,499 69.2%
>=$1,500 7.7%
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 $1,444 would therefore be considered affordable for annual household incomes greater than $57,760 (12 months x 3.333 x $1,444).

Rent % Affordability
Above $500 83.0%
Above $700 79.8%
Above $1,100 63.6%
Above $1,500 39.8%
Above $1,900 32.5%
HOUSEHOLD INCOME RANGE

Approximately 36 of households in this neighborhood have a total annual income of $57,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,444 per month.

MINIMUM INCOME RANGE : $57,760

Income % Distribution
<$20K 17.0%
$20K-$35K 10.2%
$35K-$60K 33.0%
$60K-$100K 18.2%
>=$100K 21.6%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 10.0%
5-9 mins 8.0%
10-14 mins 6.0%
15-19 mins 24.0%
20-29 mins 6.0%
30-44 mins 18.0%
45-59 mins 16.0%
>60 mins 12.0%

TARPLEY Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 10.9%
Arts & Entertainment 12.5%
Construction 9.4%
Educational Services 17.2%
Health Care & Social Assistance 17.2%
Retail & Wholesale Trader 7.8%
Other 25.0%
AGE DISTRIBUTION

41% of the population is between the ages of 25 and 64, 15% is 24 or younger and 44% is 65 or older.

Age % Distribution
<15 7.4%
15-19 6.3%
20-24 1.6%
25-44 9.5%
45-65 31.2%
66+ 43.9%
OCCUPATION

Occupation % Distribution
Clean 8.9%
Construction 17.8%
Healthcare 22.2%
Management, Business, & Financial 26.7%
Natural Resources Maintenance 11.1%
Sales & Office 4.4%
Other 8.9%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 4.7%
High School 36.0%
Masters Degree 12.7%
Some College 16.7%
Some High School 5.3%
Other 24.7%

405 Rio Hondo Loop E Comps

Sorry, we do not have sufficient data available.

405 Rio Hondo Loop E, Tarpley, TX 78883 is a single family home of 2,602 sqft. HomeUnion INVESTimateĀ® for 405 Rio Hondo Loop E includes a Price Estimate of $304,914 and a Rent Estimate of $1,444. This single family home has 0 bedrooms,0 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 5.68% and Total Return of 14.42%. The estimated 1 year forecast in home value for 405 Rio Hondo Loop E is 4.18%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , BANDERA County , or the 78883 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By List Price within 2 miles

  1. 601 Rio Hondo Loop E
  2. 299 Live Oak Trl
  3. 198 Live Oak Trl

Nearest zipcodes within 2 miles

  1. 78003
  2. 78063
  3. 78055