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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

4709 Cornell Dr Garland, TX 75042

3 Beds 2 Baths 1,092 sqft Built 1964
Last updated:  Oct 23, 2019

INVESTimate

$193,619

$174K - $213K

Price Est.

$1,334

$1.2K - $1.4K

Rent Est.

$211,722  ( +9.35%)   1 YR EST. FORECAST
  
  
  

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4709 Cornell Dr PROPERTY INFO

FACTS
  • Built In 1964
  • Price/Sqft : $177.31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,092 sqft
  • Baths : 2 Full

4709 Cornell Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FORESTRIDGE ELEMENTARY SCHOOL Primary Regular 686 42 6
FORESTRIDGE ELEMENTARY SCHOOL Middle Regular 686 42 6
BERKNER HIGH SCHOOL High Regular 2,639 181 6

FORESTRIDGE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 42
6
GreatSchools Rating

FORESTRIDGE ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 686
  • # of teachers: 42
6
GreatSchools Rating

BERKNER HIGH SCHOOL

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 181
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Forest Ridge

  • 7,057

    POPULATION
  • 2,263

    HOUSEHOLDS
  • 42.7%

    WHITE COLLAR

Neighborhood : Forest Ridge

HOUSEHOLDS
2,263
POPULATION

7,057

38.6%Renters
61.4%Home Owners
LABOR FORCE

 

42.7%White Collar
57.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,334 per month.

MY RENT : $1,334 MEDIAN RENT : $1,425

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 81.5%
>=$1,500 18.5%
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 $1,334 would therefore be considered affordable for annual household incomes greater than $53,360 (12 months x 3.333 x $1,334).

Rent % Affordability
Above $500 86.6%
Above $700 77.0%
Above $1,100 57.6%
Above $1,500 37.2%
Above $1,900 27.0%
HOUSEHOLD INCOME RANGE

Approximately 919 of households in this neighborhood have a total annual income of $53,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,334 per month.

MINIMUM INCOME RANGE : $53,360

Income % Distribution
<$20K 13.4%
$20K-$35K 18.9%
$35K-$60K 30.5%
$60K-$100K 26.5%
>=$100K 10.7%
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.

Time (mins) % Distribution
<5 mins 0.5%
5-9 mins 7.4%
10-14 mins 6.0%
15-19 mins 16.5%
20-29 mins 28.0%
30-44 mins 26.2%
45-59 mins 7.2%
>60 mins 8.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,334 per month.

MY RENT : $1,334 MEDIAN RENT : $1,425

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 81.5%
>=$1,500 18.5%
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 $1,334 would therefore be considered affordable for annual household incomes greater than $53,360 (12 months x 3.333 x $1,334).

Rent % Affordability
Above $500 86.6%
Above $700 77.0%
Above $1,100 57.6%
Above $1,500 37.2%
Above $1,900 27.0%
HOUSEHOLD INCOME RANGE

Approximately 919 of households in this neighborhood have a total annual income of $53,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,334 per month.

MINIMUM INCOME RANGE : $53,360

Income % Distribution
<$20K 13.4%
$20K-$35K 18.9%
$35K-$60K 30.5%
$60K-$100K 26.5%
>=$100K 10.7%
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.

Time (mins) % Distribution
<5 mins 0.5%
5-9 mins 7.4%
10-14 mins 6.0%
15-19 mins 16.5%
20-29 mins 28.0%
30-44 mins 26.2%
45-59 mins 7.2%
>60 mins 8.1%

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%

4709 Cornell Dr Comps

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4709 Cornell Dr, Garland, TX 75042 is a single family home of 1,092 sqft. HomeUnion INVESTimateĀ® for 4709 Cornell Dr includes a Price Estimate of $193,619 and a Rent Estimate of $1,334. This single family home has 3 bedrooms,2 bathrooms, and was built in 1964. This property has an estimated 15 year annualized Yield of 8.27% and Total Return of 29.53%. The estimated 1 year forecast in home value for 4709 Cornell 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

Nearest zipcodes within 2 miles

  1. 75243
  2. 75081
  3. 75044
  4. 75041