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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

504 Cr1065 Wiergate, TX 75977

2 Beds 1 Baths 984 sqft Built 1996
Last updated:  Jan 23, 2020

INVESTimate

$221,679

$201K - $242K

Price Est.

$1,012

880 - $1.1K

Rent Est.

$230,635  ( +4.04%)   1 YR EST. FORECAST
  
  
  

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504 Cr1065 PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $225.28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 984 sqft
  • Baths : 1 Full

504 Cr1065 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BURKEVILLE ELEMENTARY SCHOOL Primary Regular 163 9 4
BURKEVILLE ELEMENTARY SCHOOL Middle Regular 163 9 4
BURKEVILLE HIGH SCHOOL High Regular 93 10 4

BURKEVILLE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 163
  • # of teachers: 9
4
GreatSchools Rating

BURKEVILLE ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 163
  • # of teachers: 9
4
GreatSchools Rating

BURKEVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 93
  • # of teachers: 10
4
GreatSchools Rating
 

Financial Details

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Neighborhood

WIERGATE

  • 665

    POPULATION
  • 259

    HOUSEHOLDS
  • 73.2%

    WHITE COLLAR

Neighborhood : WIERGATE

HOUSEHOLDS
259
POPULATION

665

27.6%Renters
72.4%Home Owners
LABOR FORCE

 

73.2%White Collar
26.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,012 per month.

MY RENT : $1,012 MEDIAN RENT : $1,100

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.5%
$900-999 17.3%
$1,000-1,499 75.7%
>=$1,500 2.5%
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 $1,012 would therefore be considered affordable for annual household incomes greater than $40,480 (12 months x 3.333 x $1,012).

Rent % Affordability
Above $500 77.0%
Above $700 58.4%
Above $1,100 40.9%
Above $1,500 21.1%
Above $1,900 18.9%
HOUSEHOLD INCOME RANGE

Approximately 76 of households in this neighborhood have a total annual income of $40,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,012 per month.

MINIMUM INCOME RANGE : $40,480

Income % Distribution
<$20K 23.0%
$20K-$35K 31.0%
$35K-$60K 24.9%
$60K-$100K 16.5%
>=$100K 4.6%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 46% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 6.1%
10-14 mins 0.8%
15-19 mins 5.7%
20-29 mins 19.2%
30-44 mins 20.4%
45-59 mins 5.7%
>60 mins 40.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,012 per month.

MY RENT : $1,012 MEDIAN RENT : $1,100

Rent % Distribution
$500-699 0.0%
$700-899 4.5%
$900-999 17.3%
$1,000-1,499 75.7%
>=$1,500 2.5%
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 $1,012 would therefore be considered affordable for annual household incomes greater than $40,480 (12 months x 3.333 x $1,012).

Rent % Affordability
Above $500 77.0%
Above $700 58.4%
Above $1,100 40.9%
Above $1,500 21.1%
Above $1,900 18.9%
HOUSEHOLD INCOME RANGE

Approximately 76 of households in this neighborhood have a total annual income of $40,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,012 per month.

MINIMUM INCOME RANGE : $40,480

Income % Distribution
<$20K 23.0%
$20K-$35K 31.0%
$35K-$60K 24.9%
$60K-$100K 16.5%
>=$100K 4.6%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 46% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 6.1%
10-14 mins 0.8%
15-19 mins 5.7%
20-29 mins 19.2%
30-44 mins 20.4%
45-59 mins 5.7%
>60 mins 40.0%

WIERGATE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 20.8%
Educational Services 18.0%
Health Care & Social Assistance 13.3%
Manufacturing 14.9%
Public Administration 3.9%
Retail & Wholesale Trader 18.4%
Other 10.6%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 35% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 12.0%
15-19 14.6%
20-24 8.1%
25-44 20.9%
45-65 28.7%
66+ 15.6%
OCCUPATION

Occupation % Distribution
Construction 24.8%
Healthcare 15.5%
Management, Business, & Financial 7.5%
Natural Resources Maintenance 10.6%
Production & Transportation 8.1%
Sales & Office 26.1%
Other 7.5%
HIGHEST EDUCATION LEVEL

8% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.6%
High School 56.8%
Masters Degree 3.0%
Some College 21.1%
Some High School 7.2%
Other 7.2%

504 Cr1065 Comps

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504 Cr1065, Wiergate, TX 75977 is a single family home of 984 sqft. HomeUnion INVESTimateĀ® for 504 Cr1065 includes a Price Estimate of $221,679 and a Rent Estimate of $1,012. This single family home has 2 bedrooms,1 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 5.48% and Total Return of 10.42%. The estimated 1 year forecast in home value for 504 Cr1065 is 4.04%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , NEWTON County , or the 75977 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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