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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

587 Friendly Oaks Dr Bruceville, TX 76630

3 Beds 2 Baths 1,874 sqft Built 1977
Last updated:  Oct 23, 2019

INVESTimate

$210,894

$188K - $234K

Price Est.

$1,673

$1.5K - $1.8K

Rent Est.

$221,017  ( +4.8%)   1 YR EST. FORECAST
  
  
  

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587 Friendly Oaks Dr PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $112.54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,874 sqft
  • Baths : 2 Full

587 Friendly Oaks Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LORENA ELEMENTARY SCHOOL Primary Regular 327 22 9
LORENA MIDDLE SCHOOL Middle Regular 544 36 8
LORENA HIGH SCHOOL High Regular 504 36 8

LORENA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 327
  • # of teachers: 22
9
GreatSchools Rating

LORENA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 544
  • # of teachers: 36
8
GreatSchools Rating

LORENA HIGH SCHOOL

  • Education Level: High
  • # of students: 504
  • # of teachers: 36
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Friendly Oaks

  • 135

    POPULATION
  • 42

    HOUSEHOLDS
  • 69.6%

    WHITE COLLAR

Neighborhood : Friendly Oaks

HOUSEHOLDS
42
POPULATION

135

10.0%Renters
90.0%Home Owners
LABOR FORCE

 

69.6%White Collar
30.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,673 per month.

MY RENT : $1,673 MEDIAN RENT : $1,634

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 22.4%
>=$1,500 77.6%
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 $1,673 would therefore be considered affordable for annual household incomes greater than $66,920 (12 months x 3.333 x $1,673).

Rent % Affordability
Above $500 85.4%
Above $700 75.1%
Above $1,100 63.4%
Above $1,500 53.7%
Above $1,900 38.5%
HOUSEHOLD INCOME RANGE

Approximately 15 of households in this neighborhood have a total annual income of $66,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,673 per month.

MINIMUM INCOME RANGE : $66,920

Income % Distribution
<$20K 14.6%
$20K-$35K 19.5%
$35K-$60K 12.2%
$60K-$100K 26.8%
>=$100K 26.8%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 28.3%
15-19 mins 7.5%
20-29 mins 34.0%
30-44 mins 20.8%
45-59 mins 5.7%
>60 mins 3.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,673 per month.

MY RENT : $1,673 MEDIAN RENT : $1,634

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 22.4%
>=$1,500 77.6%
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 $1,673 would therefore be considered affordable for annual household incomes greater than $66,920 (12 months x 3.333 x $1,673).

Rent % Affordability
Above $500 85.4%
Above $700 75.1%
Above $1,100 63.4%
Above $1,500 53.7%
Above $1,900 38.5%
HOUSEHOLD INCOME RANGE

Approximately 15 of households in this neighborhood have a total annual income of $66,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,673 per month.

MINIMUM INCOME RANGE : $66,920

Income % Distribution
<$20K 14.6%
$20K-$35K 19.5%
$35K-$60K 12.2%
$60K-$100K 26.8%
>=$100K 26.8%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 28.3%
15-19 mins 7.5%
20-29 mins 34.0%
30-44 mins 20.8%
45-59 mins 5.7%
>60 mins 3.8%

Friendly Oaks Demographics

INDUSTRY

Industry % Distribution
Educational Services 14.3%
Health Care & Social Assistance 17.9%
Manufacturing 5.4%
Professional & Scientific Tech Services 16.1%
Public Administration 5.4%
Retail & Wholesale Trader 16.1%
Other 25.0%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 35% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 13.3%
15-19 10.4%
20-24 11.1%
25-44 27.4%
45-65 27.4%
66+ 10.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 17.1%
Construction 7.3%
Healthcare 9.8%
Management, Business, & Financial 17.1%
Natural Resources Maintenance 17.1%
Sales & Office 19.5%
Other 12.2%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.3%
High School 34.7%
Masters Degree 2.0%
Some College 31.6%
Some High School 5.1%
Other 12.2%

587 Friendly Oaks Dr Comps

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587 Friendly Oaks Dr, Bruceville, TX 76630 is a single family home of 1,874 sqft. HomeUnion INVESTimateĀ® for 587 Friendly Oaks Dr includes a Price Estimate of $210,894 and a Rent Estimate of $1,673. This single family home has 3 bedrooms,2 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 9.52% and Total Return of 21.57%. The estimated 1 year forecast in home value for 587 Friendly Oaks Dr is 4.8%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , MCLENNAN County , or the 76630 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 76655