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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

502 King Ln Garland, TX 75042

3 Beds 2 Baths 1,814 sqft Built 1957
Last updated:  Jun 30, 2018

INVESTimate

$185,852

$175K - $196K

Price Est.

$1,495

$1.4K - $1.6K

Rent Est.

$203,229  ( +9.35%)   1 YR EST. FORECAST
  
  
  

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502 King Ln PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $102.45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,814 sqft
  • Baths : 2 Full

502 King Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HILLSIDE ACADEMY FOR EXCEL Primary Magnet 446 29 10
CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL Middle Magnet 1,153 62 8
SACHSE HIGH SCHOOL High Regular 2,609 152 7

HILLSIDE ACADEMY FOR EXCEL

  • Education Level: Primary
  • # of students: 446
  • # of teachers: 29
10
GreatSchools Rating

CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 62
8
GreatSchools Rating

SACHSE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,609
  • # of teachers: 152
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Western Heights

  • 7,825

    POPULATION
  • 2,011

    HOUSEHOLDS
  • 33.1%

    WHITE COLLAR

Neighborhood : Western Heights

HOUSEHOLDS
2,011
POPULATION

7,825

42.0%Renters
58.0%Home Owners
LABOR FORCE

 

33.1%White Collar
66.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,495 per month.

MY RENT : $1,495 MEDIAN RENT : $1,410

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 73.7%
>=$1,500 26.3%
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 $1,495 would therefore be considered affordable for annual household incomes greater than $59,800 (12 months x 3.333 x $1,495).

Rent % Affordability
Above $500 79.0%
Above $700 61.4%
Above $1,100 37.8%
Above $1,500 28.7%
Above $1,900 17.2%
HOUSEHOLD INCOME RANGE

Approximately 578 of households in this neighborhood have a total annual income of $59,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,495 per month.

MINIMUM INCOME RANGE : $59,800

Income % Distribution
<$20K 21.0%
$20K-$35K 33.9%
$35K-$60K 16.4%
$60K-$100K 18.2%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 7.4%
10-14 mins 11.2%
15-19 mins 13.6%
20-29 mins 17.9%
30-44 mins 31.7%
45-59 mins 7.7%
>60 mins 9.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,495 per month.

MY RENT : $1,495 MEDIAN RENT : $1,410

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 73.7%
>=$1,500 26.3%
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 $1,495 would therefore be considered affordable for annual household incomes greater than $59,800 (12 months x 3.333 x $1,495).

Rent % Affordability
Above $500 79.0%
Above $700 61.4%
Above $1,100 37.8%
Above $1,500 28.7%
Above $1,900 17.2%
HOUSEHOLD INCOME RANGE

Approximately 578 of households in this neighborhood have a total annual income of $59,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,495 per month.

MINIMUM INCOME RANGE : $59,800

Income % Distribution
<$20K 21.0%
$20K-$35K 33.9%
$35K-$60K 16.4%
$60K-$100K 18.2%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 7.4%
10-14 mins 11.2%
15-19 mins 13.6%
20-29 mins 17.9%
30-44 mins 31.7%
45-59 mins 7.7%
>60 mins 9.9%

Western Heights Demographics

INDUSTRY

Industry % Distribution
Administrative Support 5.3%
Arts & Entertainment 16.9%
Construction 11.9%
Health Care & Social Assistance 5.6%
Manufacturing 14.9%
Retail & Wholesale Trader 13.0%
Other 32.3%
AGE DISTRIBUTION

43% of the population is between the ages of 25 and 64, 51% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 30.1%
15-19 10.2%
20-24 10.3%
25-44 21.3%
45-65 21.2%
66+ 6.8%
OCCUPATION

Occupation % Distribution
Education 14.1%
Management, Business, & Financial 10.9%
Natural Resources Maintenance 18.9%
PCare 9.5%
Production & Transportation 20.4%
Sales & Office 10.6%
Other 15.7%
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 5.3%
High School 22.6%
Masters Degree 3.3%
Some College 18.4%
Some High School 43.3%
Other 7.1%

502 King Ln Comps

Sorry, we do not have sufficient data available.

502 King Ln, Garland, TX 75042 is a single family home of 1,814 sqft. HomeUnion INVESTimate® for 502 King Ln includes a Price Estimate of $185,852 and a Rent Estimate of $1,495. This single family home has 3 bedrooms,2 bathrooms, and was built in 1957. This property has an estimated 15 year annualized Yield of 9.65% and Total Return of 27.18%. The estimated 1 year forecast in home value for 502 King Ln 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