Financials
INVESTimate
$38,718
OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
505 E Travis St PROPERTY INFO
FACTS
- Built In 1959
- Price/Sqft : $116.98
CONSTRUCTION
- Beds : 0
- Floor Size : 878 sqft
- Baths : 0 Full
505 E Travis St SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
Las Cruces
Neighborhood : Las Cruces
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $794 per month.
MY RENT : $794 MEDIAN RENT : $939
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 $794 would therefore be considered affordable for annual household incomes greater than $31,760 (12 months x 3.333 x $794).
HOUSEHOLD INCOME RANGE
Approximately 4,610 of households in this neighborhood have a total annual income of $31,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $794 per month.
MINIMUM INCOME RANGE : $31,760
COMMUTE TIME DISTRIBUTION
58% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.
Las Cruces Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 8.5% |
| Arts & Entertainment | 8.6% |
| Construction | 8.9% |
| Educational Services | 10.5% |
| Retail & Wholesale Trader | 18.7% |
| Transportation | 11.0% |
| Other | 33.8% |
AGE DISTRIBUTION
49% of the population is between the ages of 25 and 64, 38% is 24 or younger and 13% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 24.2% |
| 15-19 | 8.0% |
| 20-24 | 5.8% |
| 25-44 | 28.8% |
| 45-65 | 20.1% |
| 66+ | 13.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 8.8% |
| Management, Business, & Financial | 5.3% |
| Natural Resources Maintenance | 19.7% |
| Production & Transportation | 20.4% |
| Protect | 4.8% |
| Sales & Office | 22.7% |
| Other | 18.2% |
HIGHEST EDUCATION LEVEL
6% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 4.9% |
| High School | 26.6% |
| Masters Degree | 0.7% |
| Some College | 12.9% |
| Some High School | 49.2% |
| Other | 5.8% |
505 E Travis St Comps
Sorry, we do not have sufficient data available.
505 E Travis St, Laredo, TX 78040 is a single family home of 878 sqft. HomeUnion INVESTimateĀ® for 505 E Travis St includes a Price Estimate of $102,710 and a Rent Estimate of $794. This single family home has 0 bedrooms,0 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 9.28% and Total Return of 21.09%. The estimated 1 year forecast in home value for 505 E Travis St is 5.15%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WEBB County , or the 78040 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
