INVESTimate
$118,881
Financial Details5329 Shady Ln PROPERTY INFO
FACTS
- Built In 1965
- Price/Sqft : $288.61
CONSTRUCTION
- Beds : 0
- Floor Size : 1,404 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
5329 Shady Ln, Eustace, TX 75124 is a single family home of 1,404 sqft. HomeUnion estimate for 5329 Shady Ln includes a Price Estimate of $405,210 and a Rent Estimate of $1,894. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 5.61% and Total Return of 17.41%. The estimated 1 year forecast in home value for 5329 Shady Ln is 6.19%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
5329 Shady Ln SCHOOLS
Financial Details
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EUSTACE
Neighborhood : EUSTACE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,894 per month.
MY RENT : $1,894 MEDIAN RENT : $1,357
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 $1,894 would therefore be considered affordable for annual household incomes greater than $75,760 (12 months x 3.333 x $1,894).
HOUSEHOLD INCOME RANGE
Approximately 451 of households in this neighborhood have a total annual income of $75,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,894 per month.
MINIMUM INCOME RANGE : $75,760
COMMUTE TIME DISTRIBUTION
45% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.
EUSTACE Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 9.1% |
| Educational Services | 11.5% |
| Health Care & Social Assistance | 8.5% |
| Manufacturing | 9.8% |
| Public Administration | 9.1% |
| Retail & Wholesale Trader | 16.3% |
| Other | 35.7% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 24% is 24 or younger and 22% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 12.2% |
| 15-19 | 6.1% |
| 20-24 | 6.2% |
| 25-44 | 21.7% |
| 45-65 | 31.7% |
| 66+ | 22.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 6.6% |
| Management, Business, & Financial | 13.2% |
| Natural Resources Maintenance | 17.6% |
| Production & Transportation | 13.0% |
| Protect | 6.4% |
| Sales & Office | 18.5% |
| Other | 24.8% |
HIGHEST EDUCATION LEVEL
15% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 10.9% |
| High School | 35.7% |
| Masters Degree | 3.7% |
| Some College | 23.6% |
| Some High School | 15.1% |
| Other | 11.0% |
5329 Shady Ln Comps
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