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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

505 District Ln Lago Vista, TX 78645

0 Beds 2 Baths 1,490 sqft Built 1989
Last updated:  Jan 23, 2020

INVESTimate

$176,014

$161K - $191K

Price Est.

$1,539

$1.3K - $1.7K

Rent Est.

$58,144

Investment Est.

$178,355  ( +1.33%)   1 YR EST. FORECAST

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505 District Ln PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $118.13
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,490 sqft
  • Baths : 2 Full

505 District Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAGO VISTA ELEMENTARY SCHOOL Primary Regular 587 39 8
LAGO VISTA MIDDLE SCHOOL Middle Regular 335 21 8
LAGO VISTA HIGH SCHOOL High Regular 407 31 8

LAGO VISTA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 587
  • # of teachers: 39
8
GreatSchools Rating

LAGO VISTA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 335
  • # of teachers: 21
8
GreatSchools Rating

LAGO VISTA HIGH SCHOOL

  • Education Level: High
  • # of students: 407
  • # of teachers: 31
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Waterford on Lake Travis

  • 296

    POPULATION

  • 125

    HOUSEHOLDS

  • 77.1%

    WHITE COLLAR

Neighborhood : Waterford on Lake Travis

HOUSEHOLDS
125
POPULATION

296

13.8%Renters
86.2%Home Owners
LABOR FORCE

 

77.1%White Collar
22.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,539 per month.

MY RENT : $1,539 MEDIAN RENT : $1,743

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 4.6%
>=$1,500 95.4%
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 $1,539 would therefore be considered affordable for annual household incomes greater than $61,560 (12 months x 3.333 x $1,539).

Rent % Affordability
Above $500 78.5%
Above $700 73.8%
Above $1,100 64.8%
Above $1,500 56.9%
Above $1,900 50.9%
HOUSEHOLD INCOME RANGE

Approximately 56 of households in this neighborhood have a total annual income of $61,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,539 per month.

MINIMUM INCOME RANGE : $61,560

Income % Distribution
<$20K 21.5%
$20K-$35K 7.7%
$35K-$60K 13.8%
$60K-$100K 22.3%
>=$100K 34.6%
COMMUTE TIME DISTRIBUTION

39% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 44% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.1%
5-9 mins 5.3%
10-14 mins 6.1%
15-19 mins 7.0%
20-29 mins 9.6%
30-44 mins 21.9%
45-59 mins 19.3%
>60 mins 24.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,539 per month.

MY RENT : $1,539 MEDIAN RENT : $1,743

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 4.6%
>=$1,500 95.4%
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 $1,539 would therefore be considered affordable for annual household incomes greater than $61,560 (12 months x 3.333 x $1,539).

Rent % Affordability
Above $500 78.5%
Above $700 73.8%
Above $1,100 64.8%
Above $1,500 56.9%
Above $1,900 50.9%
HOUSEHOLD INCOME RANGE

Approximately 56 of households in this neighborhood have a total annual income of $61,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,539 per month.

MINIMUM INCOME RANGE : $61,560

Income % Distribution
<$20K 21.5%
$20K-$35K 7.7%
$35K-$60K 13.8%
$60K-$100K 22.3%
>=$100K 34.6%
COMMUTE TIME DISTRIBUTION

39% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 44% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.1%
5-9 mins 5.3%
10-14 mins 6.1%
15-19 mins 7.0%
20-29 mins 9.6%
30-44 mins 21.9%
45-59 mins 19.3%
>60 mins 24.6%
Waterford on Lake Travis Demographics
INDUSTRY

           

Industry % Distribution
Construction 9.4%
Financial Industries 6.3%
Health Care & Social Assistance 13.4%
Manufacturing 11.8%
Professional & Scientific Tech Services 11.8%
Retail & Wholesale Trader 14.2%
Other 33.1%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 7.0%
Healthcare 8.1%
Management, Business, & Financial 32.6%
Natural Resources Maintenance 7.0%
Production & Transportation 10.5%
Sales & Office 29.1%
Other 5.8%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 13.9%
15-19 1.7%
20-24 3.0%
25-44 18.9%
45-65 44.9%
66+ 17.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 11.8%
High School 23.1%
Masters Degree 10.9%
Some College 25.6%
Some High School 5.0%
Other 23.5%

Waterford on Lake Travis Demographics

INDUSTRY

Industry % Distribution
Construction 9.4%
Financial Industries 6.3%
Health Care & Social Assistance 13.4%
Manufacturing 11.8%
Professional & Scientific Tech Services 11.8%
Retail & Wholesale Trader 14.2%
Other 33.1%
AGE DISTRIBUTION

64% of the population is between the ages of 25 and 64, 19% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 13.9%
15-19 1.7%
20-24 3.0%
25-44 18.9%
45-65 44.9%
66+ 17.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.0%
Healthcare 8.1%
Management, Business, & Financial 32.6%
Natural Resources Maintenance 7.0%
Production & Transportation 10.5%
Sales & Office 29.1%
Other 5.8%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 11.8%
High School 23.1%
Masters Degree 10.9%
Some College 25.6%
Some High School 5.0%
Other 23.5%

505 District Ln Comps

Sorry, we do not have sufficient data available.

505 District Ln, Lago Vista, TX 78645 is a single family home of 1,490 sqft. HomeUnion INVESTimateĀ® for 505 District Ln includes a Price Estimate of $176,014 and a Rent Estimate of $1,539. This single family home has 0 bedrooms,2 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 10.49% and Total Return of 11.56%. The estimated 1 year forecast in home value for 505 District Ln is 1.33%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , TRAVIS County , or the 78645 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Browse other real estate investments on District Ln

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