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This page contains information about each property aggregated from public data sources, 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.

47 Mimosa Cir Houston, AR 72070

0 Beds 2 Baths 1,624 sqft Built 1997
Last updated:  Dec 26, 2019

INVESTimate

$55,512

$51.2K - $59.9K

Price Est.

$700

609 - 791

Rent Est.

$56,250  ( +1.33%)   1 YR EST. FORECAST

47 Mimosa Cir PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $34.18
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,624 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
47 Mimosa Cir, Houston, AR 72070 is a single family home of 1,624 sqft. HomeUnion estimate for 47 Mimosa Cir includes a Price Estimate of $55,512 and a Rent Estimate of $700. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 15.13% and Total Return of 21.98%. The estimated 1 year forecast in home value for 47 Mimosa Cir is 1.33%.
  
  
  

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47 Mimosa Cir SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

HOUSTON

  • 1,716

    POPULATION
  • 657

    HOUSEHOLDS
  • 47.8%

    WHITE COLLAR

Neighborhood : HOUSTON

HOUSEHOLDS
657
POPULATION

1,716

22.2%Renters
77.8%Home Owners
LABOR FORCE

 

47.8%White Collar
52.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $700 per month.

MY RENT : $700 MEDIAN RENT : $717

Rent % Distribution LEVEL
$400-699 42.3%
$700-899 34.1%
$900-999 7.4%
$1,000-1,499 14.4%
>=$1,500 1.7%
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 $700 would therefore be considered affordable for annual household incomes greater than $28,000 (12 months x 3.333 x $700).

Rent % Affordability
Above $500 84.1%
Above $700 72.0%
Above $1,100 52.3%
Above $1,500 38.7%
Above $1,900 22.6%
HOUSEHOLD INCOME RANGE

Approximately 1,804 of households in this neighborhood have a total annual income of $28,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $700 per month.

MINIMUM INCOME RANGE : $28,000

Income % Distribution
<$20K 15.9%
$20K-$35K 23.4%
$35K-$60K 21.9%
$60K-$100K 25.6%
>=$100K 13.2%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 43% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 4.6%
10-14 mins 8.1%
15-19 mins 12.2%
20-29 mins 7.0%
30-44 mins 24.1%
45-59 mins 21.2%
>60 mins 21.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $700 per month.

MY RENT : $700 MEDIAN RENT : $717

Rent % Distribution
$400-699 42.3%
$700-899 34.1%
$900-999 7.4%
$1,000-1,499 14.4%
>=$1,500 1.7%
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 $700 would therefore be considered affordable for annual household incomes greater than $28,000 (12 months x 3.333 x $700).

Rent % Affordability
Above $500 84.1%
Above $700 72.0%
Above $1,100 52.3%
Above $1,500 38.7%
Above $1,900 22.6%
HOUSEHOLD INCOME RANGE

Approximately 1,804 of households in this neighborhood have a total annual income of $28,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $700 per month.

MINIMUM INCOME RANGE : $28,000

Income % Distribution
<$20K 15.9%
$20K-$35K 23.4%
$35K-$60K 21.9%
$60K-$100K 25.6%
>=$100K 13.2%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 43% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 4.6%
10-14 mins 8.1%
15-19 mins 12.2%
20-29 mins 7.0%
30-44 mins 24.1%
45-59 mins 21.2%
>60 mins 21.4%

HOUSTON Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 13.0%
Construction 11.5%
Health Care & Social Assistance 9.4%
Manufacturing 9.9%
Retail & Wholesale Trader 14.0%
Transportation 8.4%
Other 33.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 30% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 21.0%
15-19 2.8%
20-24 6.5%
25-44 22.5%
45-65 27.3%
66+ 19.9%
OCCUPATION

Occupation % Distribution
Education 9.9%
Management, Business, & Financial 11.7%
Natural Resources Maintenance 16.5%
Production & Transportation 12.0%
Protect 6.6%
Sales & Office 14.6%
Other 28.7%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.9%
High School 33.6%
Masters Degree 3.1%
Some College 22.2%
Some High School 21.9%
Other 10.3%

47 Mimosa Cir Comps

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