INVESTimate
$84,252
Financial Details4357 Fm 2645 PROPERTY INFO
FACTS
- Built In 1980
- Price/Sqft : $83.57
CONSTRUCTION
- Beds : 0
- Floor Size : 3,285 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
4357 Fm 2645, Savoy, TX 75479 is a single family home of 3,285 sqft. HomeUnion estimate for 4357 Fm 2645 includes a Price Estimate of $274,537 and a Rent Estimate of $1,538. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 6.72% and Total Return of 23.00%. The estimated 1 year forecast in home value for 4357 Fm 2645 is 7.68%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
4357 Fm 2645 SCHOOLS
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Financial Details
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SAVOY
Neighborhood : SAVOY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 7% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,538 per month.
MY RENT : $1,538 MEDIAN RENT : $1,110
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 $1,538 would therefore be considered affordable for annual household incomes greater than $61,520 (12 months x 3.333 x $1,538).
HOUSEHOLD INCOME RANGE
Approximately 109 of households in this neighborhood have a total annual income of $61,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,538 per month.
MINIMUM INCOME RANGE : $61,520
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.
SAVOY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 5.9% |
| Educational Services | 15.2% |
| Health Care & Social Assistance | 15.2% |
| Manufacturing | 14.8% |
| Retail & Wholesale Trader | 13.8% |
| Transportation | 7.3% |
| Other | 27.9% |
AGE DISTRIBUTION
46% of the population is between the ages of 25 and 64, 28% is 24 or younger and 26% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.3% |
| 15-19 | 6.3% |
| 20-24 | 6.3% |
| 25-44 | 18.7% |
| 45-65 | 27.2% |
| 66+ | 26.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 9.0% |
| Healthcare | 10.4% |
| Management, Business, & Financial | 12.9% |
| Natural Resources Maintenance | 13.3% |
| Production & Transportation | 19.3% |
| Sales & Office | 18.7% |
| Other | 16.3% |
HIGHEST EDUCATION LEVEL
12% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 7.3% |
| High School | 32.0% |
| Masters Degree | 4.1% |
| Some College | 30.1% |
| Some High School | 17.8% |
| Other | 8.8% |
4357 Fm 2645 Comps
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