1. < Willow Way

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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

513 Willow Way Highland Village, TX 75077

3 Beds 2 Baths 1,996 sqft Built 1984
Last updated:  Dec 26, 2019

INVESTimate

$345,189

$322K - $369K

Price Est.

$1,752

$1.7K - $1.8K

Rent Est.

$102,975

Investment Est.

$371,769  ( +7.7%)   1 YR EST. FORECAST

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513 Willow Way PROPERTY INFO

FACTS
  • Built In 1984
  • Price/Sqft : $172.94
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,996 sqft
  • Baths : 2 Full

513 Willow Way SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HIGHLAND VILLAGE ELEMENTARY SCHOOL Primary Regular 391 30 7
BRIARHILL MIDDLE SCHOOL Middle Regular 993 64 9
MARCUS 9TH GRADE CAMPUS High Regular 3,182 198 8

HIGHLAND VILLAGE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 391
  • # of teachers: 30
7
GreatSchools Rating

BRIARHILL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 993
  • # of teachers: 64
9
GreatSchools Rating

MARCUS 9TH GRADE CAMPUS

  • Education Level: High
  • # of students: 3,182
  • # of teachers: 198
8
GreatSchools Rating
 

Financial Details

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Neighborhood

LEWISVILLE

  • 36,355

    POPULATION

  • 13,066

    HOUSEHOLDS

  • 81.5%

    WHITE COLLAR

Neighborhood : LEWISVILLE

HOUSEHOLDS
13,066
POPULATION

36,355

19.6%Renters
80.4%Home Owners
LABOR FORCE

 

81.5%White Collar
18.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,752 per month.

MY RENT : $1,752 MEDIAN RENT : $2,170

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.3%
>=$1,500 98.7%
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 $1,752 would therefore be considered affordable for annual household incomes greater than $70,080 (12 months x 3.333 x $1,752).

Rent % Affordability
Above $500 95.3%
Above $700 91.8%
Above $1,100 81.9%
Above $1,500 71.0%
Above $1,900 63.3%
HOUSEHOLD INCOME RANGE

Approximately 7,478 of households in this neighborhood have a total annual income of $70,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,752 per month.

MINIMUM INCOME RANGE : $70,080

Income % Distribution
<$20K 4.7%
$20K-$35K 7.7%
$35K-$60K 16.6%
$60K-$100K 19.7%
>=$100K 51.3%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.8%
5-9 mins 8.8%
10-14 mins 9.7%
15-19 mins 11.3%
20-29 mins 15.4%
30-44 mins 27.6%
45-59 mins 16.9%
>60 mins 8.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,752 per month.

MY RENT : $1,752 MEDIAN RENT : $2,170

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.3%
>=$1,500 98.7%
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 $1,752 would therefore be considered affordable for annual household incomes greater than $70,080 (12 months x 3.333 x $1,752).

Rent % Affordability
Above $500 95.3%
Above $700 91.8%
Above $1,100 81.9%
Above $1,500 71.0%
Above $1,900 63.3%
HOUSEHOLD INCOME RANGE

Approximately 7,478 of households in this neighborhood have a total annual income of $70,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,752 per month.

MINIMUM INCOME RANGE : $70,080

Income % Distribution
<$20K 4.7%
$20K-$35K 7.7%
$35K-$60K 16.6%
$60K-$100K 19.7%
>=$100K 51.3%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.8%
5-9 mins 8.8%
10-14 mins 9.7%
15-19 mins 11.3%
20-29 mins 15.4%
30-44 mins 27.6%
45-59 mins 16.9%
>60 mins 8.5%
LEWISVILLE Demographics
INDUSTRY

           

Industry % Distribution
Educational Services 8.9%
Financial Industries 9.6%
Health Care & Social Assistance 10.0%
Manufacturing 8.0%
Professional & Scientific Tech Services 9.3%
Retail & Wholesale Trader 15.8%
Other 38.4%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 8.6%
Construction 5.3%
Healthcare 6.5%
Management, Business, & Financial 34.6%
Production & Transportation 7.2%
Sales & Office 23.1%
Other 14.7%
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 19.6%
15-19 6.6%
20-24 4.8%
25-44 23.8%
45-65 32.4%
66+ 12.8%
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 6.8%
High School 16.3%
Masters Degree 11.9%
Some College 23.5%
Some High School 4.8%
Other 36.7%

LEWISVILLE Demographics

INDUSTRY

Industry % Distribution
Educational Services 8.9%
Financial Industries 9.6%
Health Care & Social Assistance 10.0%
Manufacturing 8.0%
Professional & Scientific Tech Services 9.3%
Retail & Wholesale Trader 15.8%
Other 38.4%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 31% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 19.6%
15-19 6.6%
20-24 4.8%
25-44 23.8%
45-65 32.4%
66+ 12.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.6%
Construction 5.3%
Healthcare 6.5%
Management, Business, & Financial 34.6%
Production & Transportation 7.2%
Sales & Office 23.1%
Other 14.7%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.8%
High School 16.3%
Masters Degree 11.9%
Some College 23.5%
Some High School 4.8%
Other 36.7%

513 Willow Way Comps

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513 Willow Way, Highland Village, TX 75077 is a single family home of 1,996 sqft. HomeUnion INVESTimateĀ® for 513 Willow Way includes a Price Estimate of $345,189 and a Rent Estimate of $1,752. This single family home has 3 bedrooms,2 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 6.09% and Total Return of 20.88%. The estimated 1 year forecast in home value for 513 Willow Way is 7.7%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , DENTON County , or the 75077 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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