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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

5228 Southlake Dr Laredo, TX 78043

0 Beds 0 Baths 1,467 sqft Built 2001
Last updated:  Oct 23, 2019

INVESTimate

$163,429

$146K - $181K

Price Est.

$1,336

$1.3K - $1.4K

Rent Est.

$171,388  ( +4.87%)   1 YR EST. FORECAST
  
  
  

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5228 Southlake Dr PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $111.40
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,467 sqft
  • Baths : 0 Full

5228 Southlake Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
KILLAM ELEMENTARY SCHOOL Primary Regular 845 48 3
ANTONIO GONZALEZ MIDDLE SCHOOL Middle Regular 1,079 68 3
UNITED SOUTH HIGH SCHOOL High Regular 2,783 165 3

KILLAM ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 845
  • # of teachers: 48
3
GreatSchools Rating

ANTONIO GONZALEZ MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,079
  • # of teachers: 68
3
GreatSchools Rating

UNITED SOUTH HIGH SCHOOL

  • Education Level: High
  • # of students: 2,783
  • # of teachers: 165
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Ponderosa Hills

  • 518

    POPULATION
  • 146

    HOUSEHOLDS
  • 62.0%

    WHITE COLLAR

Neighborhood : Ponderosa Hills

HOUSEHOLDS
146
POPULATION

518

16.3%Renters
83.7%Home Owners
LABOR FORCE

 

62.0%White Collar
38.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 41% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,336 per month.

MY RENT : $1,336 MEDIAN RENT : $1,267

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 87.6%
>=$1,500 12.0%
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 $1,336 would therefore be considered affordable for annual household incomes greater than $53,440 (12 months x 3.333 x $1,336).

Rent % Affordability
Above $500 76.4%
Above $700 66.6%
Above $1,100 48.9%
Above $1,500 40.5%
Above $1,900 21.4%
HOUSEHOLD INCOME RANGE

Approximately 63 of households in this neighborhood have a total annual income of $53,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,336 per month.

MINIMUM INCOME RANGE : $53,440

Income % Distribution
<$20K 23.6%
$20K-$35K 16.2%
$35K-$60K 19.6%
$60K-$100K 25.7%
>=$100K 14.9%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 7.8%
10-14 mins 16.0%
15-19 mins 26.9%
20-29 mins 26.0%
30-44 mins 12.8%
45-59 mins 3.7%
>60 mins 4.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 41% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,336 per month.

MY RENT : $1,336 MEDIAN RENT : $1,267

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 87.6%
>=$1,500 12.0%
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 $1,336 would therefore be considered affordable for annual household incomes greater than $53,440 (12 months x 3.333 x $1,336).

Rent % Affordability
Above $500 76.4%
Above $700 66.6%
Above $1,100 48.9%
Above $1,500 40.5%
Above $1,900 21.4%
HOUSEHOLD INCOME RANGE

Approximately 63 of households in this neighborhood have a total annual income of $53,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,336 per month.

MINIMUM INCOME RANGE : $53,440

Income % Distribution
<$20K 23.6%
$20K-$35K 16.2%
$35K-$60K 19.6%
$60K-$100K 25.7%
>=$100K 14.9%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 7.8%
10-14 mins 16.0%
15-19 mins 26.9%
20-29 mins 26.0%
30-44 mins 12.8%
45-59 mins 3.7%
>60 mins 4.6%

Ponderosa Hills Demographics

INDUSTRY

Industry % Distribution
Administrative Support 5.7%
Arts & Entertainment 13.9%
Educational Services 14.3%
Health Care & Social Assistance 17.6%
Retail & Wholesale Trader 10.2%
Transportation 12.3%
Other 25.8%
AGE DISTRIBUTION

45% of the population is between the ages of 25 and 64, 50% is 24 or younger and 5% is 65 or older.

Age % Distribution
<15 30.3%
15-19 14.1%
20-24 5.8%
25-44 30.7%
45-65 14.3%
66+ 4.8%
OCCUPATION

Occupation % Distribution
Clean 8.1%
Construction 11.2%
Management, Business, & Financial 20.5%
Natural Resources Maintenance 7.5%
Production & Transportation 14.3%
Sales & Office 28.6%
Other 9.9%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.2%
High School 34.7%
Masters Degree 0.4%
Some College 20.5%
Some High School 27.2%
Other 9.0%

5228 Southlake Dr Comps

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5228 Southlake Dr, Laredo, TX 78043 is a single family home of 1,467 sqft. HomeUnion INVESTimateĀ® for 5228 Southlake Dr includes a Price Estimate of $163,429 and a Rent Estimate of $1,336. This single family home has 0 bedrooms,0 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 9.81% and Total Return of 19.22%. The estimated 1 year forecast in home value for 5228 Southlake Dr is 4.87%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WEBB County , or the 78043 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 78041
  2. 78046