Financials
505 E Travis St Laredo, TX 78040
INVESTimate
$34,673
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505 E Travis St PROPERTY INFO
FACTS
- Built In 1959
- Price/Sqft : $99.60
CONSTRUCTION
- Beds : 0
- Floor Size : 878 sqft
- Baths : 0 Full
505 E Travis St SCHOOLS
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Financial Details
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Las Cruces
Neighborhood : Las Cruces
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $946 per month.
MY RENT : $946 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 $946 would therefore be considered affordable for annual household incomes greater than $37,840 (12 months x 3.333 x $946).
HOUSEHOLD INCOME RANGE
Approximately 406 of households in this neighborhood have a total annual income of $37,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $946 per month.
MINIMUM INCOME RANGE : $37,840
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 INVESTimate® for 505 E Travis St includes a Price Estimate of $87,445 and a Rent Estimate of $946. This single family home has 0 bedrooms,0 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 12.98% and Total Return of 18.87%. The estimated 1 year forecast in home value for 505 E Travis St is 3.25%.
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
