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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

4502 Paradise St Vernon, TX 76384

0 Beds 1 Baths 3,087 sqft Built 1953
Last updated:  Oct 23, 2019

INVESTimate

$168,499

$153K - $184K

Price Est.

$1,291

$1.1K - $1.5K

Rent Est.

$168,499  ( 0%)   1 YR EST. FORECAST
  
  
  

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4502 Paradise St PROPERTY INFO

FACTS
  • Built In 1953
  • Price/Sqft : $54.58
CONSTRUCTION
  • Beds : 0
  • Floor Size : 3,087 sqft
  • Baths : 1 Full

4502 Paradise St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CENTRAL ELEMENTARY SCHOOL Primary Regular 362 24 4
VERNON MIDDLE SCHOOL Middle Regular 438 36 5
VERNON HIGH SCHOOL High Regular 580 46 3

CENTRAL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 362
  • # of teachers: 24
4
GreatSchools Rating

VERNON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 438
  • # of teachers: 36
5
GreatSchools Rating

VERNON HIGH SCHOOL

  • Education Level: High
  • # of students: 580
  • # of teachers: 46
3
GreatSchools Rating
 

Financial Details

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Neighborhood

VERNON

  • 12,424

    POPULATION
  • 4,946

    HOUSEHOLDS
  • 50.6%

    WHITE COLLAR

Neighborhood : VERNON

HOUSEHOLDS
4,946
POPULATION

12,424

35.6%Renters
64.4%Home Owners
LABOR FORCE

 

50.6%White Collar
49.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 17% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,291 per month.

MY RENT : $1,291 MEDIAN RENT : $955

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 35.2%
$900-999 27.9%
$1,000-1,499 34.1%
>=$1,500 2.7%
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 $1,291 would therefore be considered affordable for annual household incomes greater than $51,640 (12 months x 3.333 x $1,291).

Rent % Affordability
Above $500 76.4%
Above $700 67.1%
Above $1,100 49.6%
Above $1,500 36.4%
Above $1,900 21.6%
HOUSEHOLD INCOME RANGE

Approximately 1,952 of households in this neighborhood have a total annual income of $51,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,291 per month.

MINIMUM INCOME RANGE : $51,640

Income % Distribution
<$20K 23.6%
$20K-$35K 17.8%
$35K-$60K 22.2%
$60K-$100K 24.4%
>=$100K 12.0%
COMMUTE TIME DISTRIBUTION

18% of the working population has a commute time of 15 to 44 minutes, 78% 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 15.2%
5-9 mins 41.1%
10-14 mins 21.5%
15-19 mins 10.3%
20-29 mins 2.4%
30-44 mins 5.3%
45-59 mins 1.8%
>60 mins 2.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 17% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,291 per month.

MY RENT : $1,291 MEDIAN RENT : $955

Rent % Distribution
$500-699 0.0%
$700-899 35.2%
$900-999 27.9%
$1,000-1,499 34.1%
>=$1,500 2.7%
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 $1,291 would therefore be considered affordable for annual household incomes greater than $51,640 (12 months x 3.333 x $1,291).

Rent % Affordability
Above $500 76.4%
Above $700 67.1%
Above $1,100 49.6%
Above $1,500 36.4%
Above $1,900 21.6%
HOUSEHOLD INCOME RANGE

Approximately 1,952 of households in this neighborhood have a total annual income of $51,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,291 per month.

MINIMUM INCOME RANGE : $51,640

Income % Distribution
<$20K 23.6%
$20K-$35K 17.8%
$35K-$60K 22.2%
$60K-$100K 24.4%
>=$100K 12.0%
COMMUTE TIME DISTRIBUTION

18% of the working population has a commute time of 15 to 44 minutes, 78% 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 15.2%
5-9 mins 41.1%
10-14 mins 21.5%
15-19 mins 10.3%
20-29 mins 2.4%
30-44 mins 5.3%
45-59 mins 1.8%
>60 mins 2.4%

VERNON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.9%
Arts & Entertainment 8.4%
Educational Services 6.1%
Health Care & Social Assistance 23.1%
Manufacturing 13.8%
Retail & Wholesale Trader 11.5%
Other 30.3%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 18.9%
15-19 7.7%
20-24 5.8%
25-44 25.0%
45-65 25.8%
66+ 16.7%
OCCUPATION

Occupation % Distribution
Clean 5.6%
Healthcare 12.7%
Management, Business, & Financial 16.4%
Natural Resources Maintenance 12.5%
Production & Transportation 15.4%
Sales & Office 20.9%
Other 16.6%
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 8.6%
High School 30.4%
Masters Degree 3.0%
Some College 25.1%
Some High School 21.3%
Other 11.6%

4502 Paradise St Comps

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4502 Paradise St, Vernon, TX 76384 is a single family home of 3,087 sqft. HomeUnion INVESTimateĀ® for 4502 Paradise St includes a Price Estimate of $168,499 and a Rent Estimate of $1,291. This single family home has 0 bedrooms,1 bathrooms, and was built in 1953. This property has an estimated 15 year annualized Yield of 9.19% and Total Return of 12.71%. The estimated 1 year forecast in home value for 4502 Paradise St is 0%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WILBARGER County , or the 76384 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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