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This page contains information about each property aggregated from public data sources, 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.

608 Hendricks Ave Laredo, TX 78040

0 Beds 0 Baths 1,545 sqft Built 1928
Last updated:  Oct 23, 2019

INVESTimate

$135,293

$122K - $149K

Price Est.

$972

910 - $1.0K

Rent Est.

$140,448  ( +3.81%)   1 YR EST. FORECAST

608 Hendricks Ave PROPERTY INFO

FACTS
  • Built In 1928
  • Price/Sqft : $87.57
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,545 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
608 Hendricks Ave, Laredo, TX 78040 is a single family home of 1,545 sqft. HomeUnion estimate for 608 Hendricks Ave includes a Price Estimate of $135,293 and a Rent Estimate of $972. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1928. This property has an estimated 15 year annualized Yield of 8.62% and Total Return of 18.01%. The estimated 1 year forecast in home value for 608 Hendricks Ave is 3.81%.
  
  
  

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608 Hendricks Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HEIGHTS ELEMENTARY SCHOOL Primary Unknown NA
DR. JOAQUIN G. CIGARROA MIDDLE SCHOOL Middle Unknown NA
DR LEONIDES CIGARROA HIGH SCHOOL High Unknown NA

HEIGHTS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

DR. JOAQUIN G. CIGARROA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

DR LEONIDES CIGARROA HIGH SCHOOL

  • Education Level: High
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

Heights

  • 4,741

    POPULATION
  • 1,544

    HOUSEHOLDS
  • 59.9%

    WHITE COLLAR

Neighborhood : Heights

HOUSEHOLDS
1,544
POPULATION

4,741

45.8%Renters
54.2%Home Owners
LABOR FORCE

 

59.9%White Collar
40.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $972 per month.

MY RENT : $972 MEDIAN RENT : $1,116

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 15.4%
$900-999 16.5%
$1,000-1,499 58.7%
>=$1,500 9.4%
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 $972 would therefore be considered affordable for annual household incomes greater than $38,880 (12 months x 3.333 x $972).

Rent % Affordability
Above $500 68.7%
Above $700 57.2%
Above $1,100 40.1%
Above $1,500 32.9%
Above $1,900 26.3%
HOUSEHOLD INCOME RANGE

Approximately 606 of households in this neighborhood have a total annual income of $38,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $972 per month.

MINIMUM INCOME RANGE : $38,880

Income % Distribution
<$20K 31.3%
$20K-$35K 18.0%
$35K-$60K 17.8%
$60K-$100K 15.2%
>=$100K 17.7%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.8%
5-9 mins 12.6%
10-14 mins 24.4%
15-19 mins 31.5%
20-29 mins 17.4%
30-44 mins 6.7%
45-59 mins 2.6%
>60 mins 2.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $972 per month.

MY RENT : $972 MEDIAN RENT : $1,116

Rent % Distribution
$500-699 0.0%
$700-899 15.4%
$900-999 16.5%
$1,000-1,499 58.7%
>=$1,500 9.4%
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 $972 would therefore be considered affordable for annual household incomes greater than $38,880 (12 months x 3.333 x $972).

Rent % Affordability
Above $500 68.7%
Above $700 57.2%
Above $1,100 40.1%
Above $1,500 32.9%
Above $1,900 26.3%
HOUSEHOLD INCOME RANGE

Approximately 606 of households in this neighborhood have a total annual income of $38,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $972 per month.

MINIMUM INCOME RANGE : $38,880

Income % Distribution
<$20K 31.3%
$20K-$35K 18.0%
$35K-$60K 17.8%
$60K-$100K 15.2%
>=$100K 17.7%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.8%
5-9 mins 12.6%
10-14 mins 24.4%
15-19 mins 31.5%
20-29 mins 17.4%
30-44 mins 6.7%
45-59 mins 2.6%
>60 mins 2.1%

Heights Demographics

INDUSTRY

Industry % Distribution
Construction 7.5%
Educational Services 15.7%
Health Care & Social Assistance 13.3%
Public Administration 7.5%
Retail & Wholesale Trader 19.3%
Transportation 11.4%
Other 25.4%
AGE DISTRIBUTION

41% of the population is between the ages of 25 and 64, 42% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 23.3%
15-19 8.6%
20-24 10.1%
25-44 20.6%
45-65 20.4%
66+ 16.9%
OCCUPATION

Occupation % Distribution
Construction 8.8%
Healthcare 9.1%
Management, Business, & Financial 14.0%
Natural Resources Maintenance 13.1%
Production & Transportation 8.4%
Sales & Office 28.4%
Other 18.3%
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 8.2%
High School 21.8%
Masters Degree 7.2%
Some College 13.2%
Some High School 30.6%
Other 18.8%

608 Hendricks Ave Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WEBB County , or the 78040 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 78041
  2. 78043
  3. 78046