Financials
INVESTimate
$74,650
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4506 Fordham Dr PROPERTY INFO
FACTS
- Built In 1964
- Price/Sqft : $144.78
CONSTRUCTION
- Beds : 3
- Floor Size : 1,646 sqft
- Baths : 2 Full
4506 Fordham Dr SCHOOLS
Financial Details
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Forest Ridge
Neighborhood : Forest Ridge
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 20% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,493 per month.
MY RENT : $1,493 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 $1,493 would therefore be considered affordable for annual household incomes greater than $59,720 (12 months x 3.333 x $1,493).
HOUSEHOLD INCOME RANGE
Approximately 846 of households in this neighborhood have a total annual income of $59,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,493 per month.
MINIMUM INCOME RANGE : $59,720
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
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4506 Fordham Dr, Garland, TX 75042 is a single family home of 1,646 sqft. HomeUnion INVESTimateĀ® for 4506 Fordham Dr includes a Price Estimate of $238,303 and a Rent Estimate of $1,493. This single family home has 3 bedrooms,2 bathrooms, and was built in 1964. This property has an estimated 15 year annualized Yield of 7.52% and Total Return of 40.52%. The estimated 1 year forecast in home value for 4506 Fordham Dr is 14.62%.
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
