1. < Martin Luther King Blvd

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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.

407 Martin Luther King Blvd Corrigan, TX 75939

3 Beds 0 Baths 1,192 sqft Built 1930
Last updated:  Oct 23, 2019

INVESTimate

$104,528

$92.2K - $117K

Price Est.

$1,031

936 - $1.1K

Rent Est.

$39,200

Investment Est.

$107,643  ( +2.98%)   1 YR EST. FORECAST

407 Martin Luther King Blvd PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $87.69
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,192 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
407 Martin Luther King Blvd, Corrigan, TX 75939 is a single family home of 1,192 sqft. HomeUnion estimate for 407 Martin Luther King Blvd includes a Price Estimate of $104,528 and a Rent Estimate of $1,031. This single family home has 3 bedrooms, 0 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 11.84% and Total Return of 25.15%. The estimated 1 year forecast in home value for 407 Martin Luther King Blvd is 2.98%.

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407 Martin Luther King Blvd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CORRIGAN-CAMDEN JUNIOR HIGH SCHOOL Middle Regular 152 16 2
CORRIGAN-CAMDEN HIGH SCHOOL High Regular 281 27 5

CORRIGAN-CAMDEN JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 152
  • # of teachers: 16
2
GreatSchools Rating

CORRIGAN-CAMDEN HIGH SCHOOL

  • Education Level: High
  • # of students: 281
  • # of teachers: 27
5
GreatSchools Rating
 

Financial Details

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Neighborhood

CORRIGAN

  • 4,124

    POPULATION

  • 1,600

    HOUSEHOLDS

  • 45.4%

    WHITE COLLAR

Neighborhood : CORRIGAN

HOUSEHOLDS
1,600
POPULATION

4,124

31.7%Renters
68.3%Home Owners
LABOR FORCE

 

45.4%White Collar
54.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,031 per month.

MY RENT : $1,031 MEDIAN RENT : $978

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 24.0%
$900-999 32.0%
$1,000-1,499 39.0%
>=$1,500 5.0%
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 $1,031 would therefore be considered affordable for annual household incomes greater than $41,240 (12 months x 3.333 x $1,031).

Rent % Affordability
Above $500 73.8%
Above $700 61.3%
Above $1,100 42.2%
Above $1,500 27.1%
Above $1,900 20.2%
HOUSEHOLD INCOME RANGE

Approximately 564 of households in this neighborhood have a total annual income of $41,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,031 per month.

MINIMUM INCOME RANGE : $41,240

Income % Distribution
<$20K 26.2%
$20K-$35K 20.5%
$35K-$60K 26.2%
$60K-$100K 12.7%
>=$100K 14.4%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.7%
5-9 mins 19.8%
10-14 mins 13.9%
15-19 mins 15.9%
20-29 mins 12.1%
30-44 mins 19.4%
45-59 mins 5.1%
>60 mins 8.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,031 per month.

MY RENT : $1,031 MEDIAN RENT : $978

Rent % Distribution
$500-699 0.0%
$700-899 24.0%
$900-999 32.0%
$1,000-1,499 39.0%
>=$1,500 5.0%
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 $1,031 would therefore be considered affordable for annual household incomes greater than $41,240 (12 months x 3.333 x $1,031).

Rent % Affordability
Above $500 73.8%
Above $700 61.3%
Above $1,100 42.2%
Above $1,500 27.1%
Above $1,900 20.2%
HOUSEHOLD INCOME RANGE

Approximately 564 of households in this neighborhood have a total annual income of $41,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,031 per month.

MINIMUM INCOME RANGE : $41,240

Income % Distribution
<$20K 26.2%
$20K-$35K 20.5%
$35K-$60K 26.2%
$60K-$100K 12.7%
>=$100K 14.4%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.7%
5-9 mins 19.8%
10-14 mins 13.9%
15-19 mins 15.9%
20-29 mins 12.1%
30-44 mins 19.4%
45-59 mins 5.1%
>60 mins 8.1%
CORRIGAN Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 8.1%
Educational Services 7.8%
Health Care & Social Assistance 14.1%
Manufacturing 19.5%
Retail & Wholesale Trader 11.5%
Transportation 6.2%
Other 32.8%
OCCUPATION

           

Occupation % Distribution
Education 4.2%
Healthcare 11.2%
Management, Business, & Financial 9.2%
Natural Resources Maintenance 13.4%
Production & Transportation 25.0%
Sales & Office 21.1%
Other 16.0%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 22.4%
15-19 8.6%
20-24 6.7%
25-44 22.1%
45-65 25.1%
66+ 15.0%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 7.0%
High School 35.3%
Masters Degree 3.4%
Some College 22.8%
Some High School 23.8%
Other 7.7%

CORRIGAN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.1%
Educational Services 7.8%
Health Care & Social Assistance 14.1%
Manufacturing 19.5%
Retail & Wholesale Trader 11.5%
Transportation 6.2%
Other 32.8%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 38% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 22.4%
15-19 8.6%
20-24 6.7%
25-44 22.1%
45-65 25.1%
66+ 15.0%
OCCUPATION

Occupation % Distribution
Education 4.2%
Healthcare 11.2%
Management, Business, & Financial 9.2%
Natural Resources Maintenance 13.4%
Production & Transportation 25.0%
Sales & Office 21.1%
Other 16.0%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.0%
High School 35.3%
Masters Degree 3.4%
Some College 22.8%
Some High School 23.8%
Other 7.7%

407 Martin Luther King Blvd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , POLK County , or the 75939 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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