INVESTimate
$125,456
Financial Details5493 Possum Trl PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $231.94
CONSTRUCTION
- Beds : 0
- Floor Size : 1,854 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
5493 Possum Trl, Eustace, TX 75124 is a single family home of 1,854 sqft. HomeUnion estimate for 5493 Possum Trl includes a Price Estimate of $430,023 and a Rent Estimate of $2,075. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 5.79% and Total Return of 17.98%. The estimated 1 year forecast in home value for 5493 Possum Trl is 6.19%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
5493 Possum Trl SCHOOLS
Financial Details
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EUSTACE
Neighborhood : EUSTACE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,075 per month.
MY RENT : $2,075 MEDIAN RENT : $1,351
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 $2,075 would therefore be considered affordable for annual household incomes greater than $83,000 (12 months x 3.333 x $2,075).
HOUSEHOLD INCOME RANGE
Approximately 451 of households in this neighborhood have a total annual income of $83,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,075 per month.
MINIMUM INCOME RANGE : $83,000
COMMUTE TIME DISTRIBUTION
42% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 37% has a commute time of 45 minutes or longer.
EUSTACE Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 9.1% |
| Educational Services | 10.6% |
| Health Care & Social Assistance | 10.9% |
| Manufacturing | 10.7% |
| Public Administration | 8.8% |
| Retail & Wholesale Trader | 14.4% |
| Other | 35.5% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 27% is 24 or younger and 22% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.4% |
| 15-19 | 6.4% |
| 20-24 | 6.0% |
| 25-44 | 21.7% |
| 45-65 | 29.7% |
| 66+ | 21.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 6.7% |
| Healthcare | 7.0% |
| Management, Business, & Financial | 12.5% |
| Natural Resources Maintenance | 20.7% |
| Production & Transportation | 11.9% |
| Sales & Office | 20.2% |
| Other | 21.0% |
HIGHEST EDUCATION LEVEL
19% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 13.1% |
| High School | 35.2% |
| Masters Degree | 5.4% |
| Some College | 22.9% |
| Some High School | 13.2% |
| Other | 10.2% |
5493 Possum Trl Comps
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