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

409 Rita Dr Garland, TX 75042

5 Beds 4 Baths 2,248 sqft Built 1969
Last updated:  Jun 30, 2018

INVESTimate

$189,393

$179K - $200K

Price Est.

$1,845

$1.7K - $2.0K

Rent Est.

$207,101  ( +9.35%)   1 YR EST. FORECAST
  
  
  

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

  • 7518 Morley STREET Houston, TX
    • 11 beds 6 baths ∙ 3,016 Sqft ∙ Built 1980 ∙ 6units 11 beds 6 baths ∙ 3,016 Sqft ∙ Built 1980 ∙ 6units
    AVAILABLE
    • 14.87% GROSS YIELD
    • $18,272 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $345,000
    • $116,425
    • $4,275
  • 3134 MARIBELLE San Antonio, TX
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1973
    AVAILABLE
    • 13.85% GROSS YIELD
    • $6,149 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $40,650
    • $1,270
  • 175 SPUR 3007 Scroggins, TX
    • 3 beds 3 baths ∙ 2,736 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,736 Sqft ∙ Built 1986
    AVAILABLE
    • 13.62% GROSS YIELD
    • $15,584 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $200,000
    • $64,500
    • $2,270
  • 2679 RED ROCK Street #202 Las Vegas, NV
    • 2 beds 1 baths ∙ 1,266 Sqft ∙ Built 1985 2 beds 1 baths ∙ 1,266 Sqft ∙ Built 1985
    AVAILABLE
    • 13.45% GROSS YIELD
    • $9,161 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $149,000
    • $50,985
    • $1,670

409 Rita Dr PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $84.25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,248 sqft
  • Baths : 3 Full 1 Half

409 Rita Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HILLSIDE ACADEMY FOR EXCEL Primary Magnet 446 29 10
CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL Middle Magnet 1,153 62 8
SACHSE HIGH SCHOOL High Regular 2,609 152 7

HILLSIDE ACADEMY FOR EXCEL

  • Education Level: Primary
  • # of students: 446
  • # of teachers: 29
10
GreatSchools Rating

CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 62
8
GreatSchools Rating

SACHSE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,609
  • # of teachers: 152
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

College Manors

  • 430

    POPULATION
  • 128

    HOUSEHOLDS
  • 28.3%

    WHITE COLLAR

Neighborhood : College Manors

HOUSEHOLDS
128
POPULATION

430

60.8%Renters
39.2%Home Owners
LABOR FORCE

 

28.3%White Collar
71.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,845 per month.

MY RENT : $1,845 MEDIAN RENT : $1,799

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 11.4%
$1,000-1,499 15.7%
>=$1,500 72.9%
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 $1,845 would therefore be considered affordable for annual household incomes greater than $73,800 (12 months x 3.333 x $1,845).

Rent % Affordability
Above $500 68.8%
Above $700 58.1%
Above $1,100 42.2%
Above $1,500 19.5%
Above $1,900 13.5%
HOUSEHOLD INCOME RANGE

Approximately 7 of households in this neighborhood have a total annual income of $73,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,845 per month.

MINIMUM INCOME RANGE : $73,800

Income % Distribution
<$20K 31.2%
$20K-$35K 17.2%
$35K-$60K 32.0%
$60K-$100K 19.5%
>=$100K 0.0%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 3.5%
10-14 mins 10.5%
15-19 mins 14.0%
20-29 mins 3.5%
30-44 mins 49.0%
45-59 mins 7.7%
>60 mins 11.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,845 per month.

MY RENT : $1,845 MEDIAN RENT : $1,799

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 11.4%
$1,000-1,499 15.7%
>=$1,500 72.9%
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 $1,845 would therefore be considered affordable for annual household incomes greater than $73,800 (12 months x 3.333 x $1,845).

Rent % Affordability
Above $500 68.8%
Above $700 58.1%
Above $1,100 42.2%
Above $1,500 19.5%
Above $1,900 13.5%
HOUSEHOLD INCOME RANGE

Approximately 7 of households in this neighborhood have a total annual income of $73,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,845 per month.

MINIMUM INCOME RANGE : $73,800

Income % Distribution
<$20K 31.2%
$20K-$35K 17.2%
$35K-$60K 32.0%
$60K-$100K 19.5%
>=$100K 0.0%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 3.5%
10-14 mins 10.5%
15-19 mins 14.0%
20-29 mins 3.5%
30-44 mins 49.0%
45-59 mins 7.7%
>60 mins 11.9%

College Manors Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.3%
Construction 10.9%
Health Care & Social Assistance 4.5%
Information 14.7%
Manufacturing 11.5%
Retail & Wholesale Trader 29.5%
Other 20.5%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 44% is 24 or younger and 4% is 65 or older.

Age % Distribution
<15 40.7%
15-19 0.0%
20-24 3.0%
25-44 40.7%
45-65 11.4%
66+ 4.2%
OCCUPATION

Occupation % Distribution
Construction 3.6%
Education 9.4%
Healthcare 5.1%
Natural Resources Maintenance 29.7%
Production & Transportation 30.4%
Sales & Office 21.7%
Other 0.0%
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 2.9%
High School 55.4%
Masters Degree 2.1%
Some College 20.4%
Some High School 12.9%
Other 6.2%

409 Rita Dr Comps

Sorry, we do not have sufficient data available.

409 Rita Dr, Garland, TX 75042 is a single family home of 2,248 sqft. HomeUnion INVESTimate® for 409 Rita Dr includes a Price Estimate of $189,393 and a Rent Estimate of $1,845. This single family home has 5 bedrooms,4 bathrooms, and was built in 1969. This property has an estimated 15 year annualized Yield of 11.69% and Total Return of 31.90%. The estimated 1 year forecast in home value for 409 Rita Dr is 9.35%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX, DALLAS County, or the 75042 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2