1. < Lcr 431

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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

609 Lcr 431 Mexia, TX 76667

0 Beds 2 Baths 2,004 sqft Built 0
Last updated:  Jan 23, 2020

INVESTimate

$159,718

$145K - $175K

Price Est.

$1,348

$1.2K - $1.5K

Rent Est.

$53,825

Investment Est.

$171,282  ( +7.24%)   1 YR EST. FORECAST

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609 Lcr 431 PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $79.70
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,004 sqft
  • Baths : 2 Full

609 Lcr 431 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
A.B. MCBAY ELEMENTARY SCHOOL Primary Regular 782 42 3
MEXIA JUNIOR HIGH SCHOOL Middle Regular 416 31 2
MEXIA HIGH SCHOOL High Regular 519 45 3

A.B. MCBAY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 42
3
GreatSchools Rating

MEXIA JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 416
  • # of teachers: 31
2
GreatSchools Rating

MEXIA HIGH SCHOOL

  • Education Level: High
  • # of students: 519
  • # of teachers: 45
3
GreatSchools Rating
 

Financial Details

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Neighborhood

MEXIA

  • 10,972

    POPULATION

  • 3,610

    HOUSEHOLDS

  • 48.9%

    WHITE COLLAR

Neighborhood : MEXIA

HOUSEHOLDS
3,610
POPULATION

10,972

26.5%Renters
73.5%Home Owners
LABOR FORCE

 

48.9%White Collar
51.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 17% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,348 per month.

MY RENT : $1,348 MEDIAN RENT : $973

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 32.6%
$900-999 22.5%
$1,000-1,499 39.8%
>=$1,500 5.1%
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 $1,348 would therefore be considered affordable for annual household incomes greater than $53,920 (12 months x 3.333 x $1,348).

Rent % Affordability
Above $500 79.2%
Above $700 66.6%
Above $1,100 45.5%
Above $1,500 32.0%
Above $1,900 21.0%
HOUSEHOLD INCOME RANGE

Approximately 1,235 of households in this neighborhood have a total annual income of $53,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,348 per month.

MINIMUM INCOME RANGE : $53,920

Income % Distribution
<$20K 20.8%
$20K-$35K 24.7%
$35K-$60K 22.5%
$60K-$100K 18.0%
>=$100K 13.9%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 44% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.2%
5-9 mins 19.3%
10-14 mins 19.6%
15-19 mins 22.3%
20-29 mins 10.6%
30-44 mins 12.0%
45-59 mins 6.9%
>60 mins 4.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 17% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,348 per month.

MY RENT : $1,348 MEDIAN RENT : $973

Rent % Distribution
$500-699 0.0%
$700-899 32.6%
$900-999 22.5%
$1,000-1,499 39.8%
>=$1,500 5.1%
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 $1,348 would therefore be considered affordable for annual household incomes greater than $53,920 (12 months x 3.333 x $1,348).

Rent % Affordability
Above $500 79.2%
Above $700 66.6%
Above $1,100 45.5%
Above $1,500 32.0%
Above $1,900 21.0%
HOUSEHOLD INCOME RANGE

Approximately 1,235 of households in this neighborhood have a total annual income of $53,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,348 per month.

MINIMUM INCOME RANGE : $53,920

Income % Distribution
<$20K 20.8%
$20K-$35K 24.7%
$35K-$60K 22.5%
$60K-$100K 18.0%
>=$100K 13.9%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 44% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.2%
5-9 mins 19.3%
10-14 mins 19.6%
15-19 mins 22.3%
20-29 mins 10.6%
30-44 mins 12.0%
45-59 mins 6.9%
>60 mins 4.2%
MEXIA Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 6.6%
Construction 6.9%
Educational Services 15.4%
Health Care & Social Assistance 19.9%
Manufacturing 8.3%
Retail & Wholesale Trader 10.9%
Other 32.0%
OCCUPATION

           

Occupation % Distribution
Clean 6.8%
Healthcare 8.2%
Management, Business, & Financial 11.6%
Natural Resources Maintenance 11.1%
Production & Transportation 18.4%
Sales & Office 18.8%
Other 25.1%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 19.3%
15-19 7.4%
20-24 5.9%
25-44 26.2%
45-65 25.3%
66+ 15.8%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 5.6%
High School 33.2%
Masters Degree 3.0%
Some College 25.3%
Some High School 22.0%
Other 10.8%

MEXIA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.6%
Construction 6.9%
Educational Services 15.4%
Health Care & Social Assistance 19.9%
Manufacturing 8.3%
Retail & Wholesale Trader 10.9%
Other 32.0%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 33% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 19.3%
15-19 7.4%
20-24 5.9%
25-44 26.2%
45-65 25.3%
66+ 15.8%
OCCUPATION

Occupation % Distribution
Clean 6.8%
Healthcare 8.2%
Management, Business, & Financial 11.6%
Natural Resources Maintenance 11.1%
Production & Transportation 18.4%
Sales & Office 18.8%
Other 25.1%
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 5.6%
High School 33.2%
Masters Degree 3.0%
Some College 25.3%
Some High School 22.0%
Other 10.8%

609 Lcr 431 Comps

Sorry, we do not have sufficient data available.

609 Lcr 431, Mexia, TX 76667 is a single family home of 2,004 sqft. HomeUnion INVESTimateĀ® for 609 Lcr 431 includes a Price Estimate of $159,718 and a Rent Estimate of $1,348. This single family home has 0 bedrooms,2 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 10.13% and Total Return of 24.15%. The estimated 1 year forecast in home value for 609 Lcr 431 is 7.24%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , LIMESTONE County , or the 76667 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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