INVESTimate
$63,627
Browse real estate investments on Fordham Dr
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4502 Fordham Dr
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4504 Fordham Dr
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4506 Fordham Dr
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4508 Fordham Dr
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4510 Fordham Dr
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4515 Fordham Dr
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4609 Fordham Dr
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4618 Fordham Dr
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4620 Fordham Dr
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4624 Fordham Dr
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4625 Fordham Dr
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4628 Fordham Dr
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4629 Fordham Dr
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4632 Fordham Dr
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4633 Fordham Dr
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4701 Fordham Dr
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4702 Fordham Dr
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4705 Fordham Dr
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4706 Fordham Dr
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4709 Fordham Dr
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4710 Fordham Dr
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4713 Fordham Dr
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4714 Fordham Dr
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4717 Fordham Dr
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4718 Fordham Dr
OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
4506 Fordham Dr PROPERTY INFO
FACTS
- Built In 1964
- Price/Sqft : $119.51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,646 sqft
- Baths : 2 Full
4506 Fordham Dr SCHOOLS
Financial Details
See Financial Details
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Forest Ridge
Neighborhood : Forest Ridge
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,459 per month.
MY RENT : $1,459 MEDIAN RENT : $1,425
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 $1,459 would therefore be considered affordable for annual household incomes greater than $58,360 (12 months x 3.333 x $1,459).
HOUSEHOLD INCOME RANGE
Approximately 862 of households in this neighborhood have a total annual income of $58,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,459 per month.
MINIMUM INCOME RANGE : $58,360
COMMUTE TIME DISTRIBUTION
71% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.
Forest Ridge Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 7.5% |
Construction | 9.1% |
Educational Services | 7.0% |
Health Care & Social Assistance | 14.5% |
Manufacturing | 13.7% |
Retail & Wholesale Trader | 11.6% |
Other | 36.6% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 35% is 24 or younger and 13% is 65 or older.
Age | % Distribution |
---|---|
<15 | 19.4% |
15-19 | 7.7% |
20-24 | 8.1% |
25-44 | 26.8% |
45-65 | 25.2% |
66+ | 12.9% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 10.3% |
Management, Business, & Financial | 11.8% |
Natural Resources Maintenance | 11.3% |
PCare | 10.4% |
Production & Transportation | 15.3% |
Sales & Office | 20.4% |
Other | 20.5% |
HIGHEST EDUCATION LEVEL
9% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 5.6% |
High School | 30.4% |
Masters Degree | 2.0% |
Some College | 22.0% |
Some High School | 28.3% |
Other | 11.8% |
4506 Fordham Dr Comps
4506 Fordham Dr, Garland, TX 75042 is a single family home of 1,646 sqft. HomeUnion INVESTimate® for 4506 Fordham Dr includes a Price Estimate of $196,706 and a Rent Estimate of $1,459. This single family home has 3 bedrooms,2 bathrooms, and was built in 1964. This property has an estimated 15 year annualized Yield of 8.90% and Total Return of 25.46%. The estimated 1 year forecast in home value for 4506 Fordham 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