1. < Independence Dr

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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

618 Independence Dr Laredo, TX 78043

0 Beds 0 Baths 896 sqft Built 1993
Last updated:  Oct 23, 2019

INVESTimate

$149,986

$134K - $166K

Price Est.

$780

730 - 830

Rent Est.

$51,246

Investment Est.

$157,290  ( +4.87%)   1 YR EST. FORECAST

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618 Independence Dr PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $167.40
CONSTRUCTION
  • Beds : 0
  • Floor Size : 896 sqft
  • Baths : 0 Full

618 Independence Dr SCHOOLS

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Financial Details

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Neighborhood

LAREDO

  • 45,297

    POPULATION

  • 12,349

    HOUSEHOLDS

  • 42.9%

    WHITE COLLAR

Neighborhood : LAREDO

HOUSEHOLDS
12,349
POPULATION

45,297

42.7%Renters
57.3%Home Owners
LABOR FORCE

 

42.9%White Collar
57.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $780 per month.

MY RENT : $780 MEDIAN RENT : $1,045

Rent % Distribution LEVEL
$500-699 0.1%
$700-899 26.0%
$900-999 17.1%
$1,000-1,499 52.6%
>=$1,500 4.2%
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 $780 would therefore be considered affordable for annual household incomes greater than $31,200 (12 months x 3.333 x $780).

Rent % Affordability
Above $500 70.1%
Above $700 57.9%
Above $1,100 39.5%
Above $1,500 27.9%
Above $1,900 20.2%
HOUSEHOLD INCOME RANGE

Approximately 30,833 of households in this neighborhood have a total annual income of $31,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $780 per month.

MINIMUM INCOME RANGE : $31,200

Income % Distribution
<$20K 29.9%
$20K-$35K 22.1%
$35K-$60K 20.1%
$60K-$100K 16.7%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 26% 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 2.2%
5-9 mins 7.9%
10-14 mins 16.2%
15-19 mins 24.3%
20-29 mins 21.7%
30-44 mins 17.1%
45-59 mins 5.5%
>60 mins 5.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $780 per month.

MY RENT : $780 MEDIAN RENT : $1,045

Rent % Distribution
$500-699 0.1%
$700-899 26.0%
$900-999 17.1%
$1,000-1,499 52.6%
>=$1,500 4.2%
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 $780 would therefore be considered affordable for annual household incomes greater than $31,200 (12 months x 3.333 x $780).

Rent % Affordability
Above $500 70.1%
Above $700 57.9%
Above $1,100 39.5%
Above $1,500 27.9%
Above $1,900 20.2%
HOUSEHOLD INCOME RANGE

Approximately 30,833 of households in this neighborhood have a total annual income of $31,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $780 per month.

MINIMUM INCOME RANGE : $31,200

Income % Distribution
<$20K 29.9%
$20K-$35K 22.1%
$35K-$60K 20.1%
$60K-$100K 16.7%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 26% 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 2.2%
5-9 mins 7.9%
10-14 mins 16.2%
15-19 mins 24.3%
20-29 mins 21.7%
30-44 mins 17.1%
45-59 mins 5.5%
>60 mins 5.1%
LAREDO Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 10.6%
Construction 8.2%
Educational Services 11.5%
Health Care & Social Assistance 14.2%
Retail & Wholesale Trader 12.4%
Transportation 11.1%
Other 32.1%
OCCUPATION

           

Occupation % Distribution
Construction 6.9%
Education 6.6%
Management, Business, & Financial 8.5%
Natural Resources Maintenance 15.7%
Production & Transportation 14.8%
Sales & Office 22.1%
Other 25.4%
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 28.5%
15-19 8.7%
20-24 9.3%
25-44 25.9%
45-65 18.0%
66+ 9.6%
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 5.7%
High School 29.0%
Masters Degree 3.2%
Some College 15.2%
Some High School 37.5%
Other 9.4%

LAREDO Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.6%
Construction 8.2%
Educational Services 11.5%
Health Care & Social Assistance 14.2%
Retail & Wholesale Trader 12.4%
Transportation 11.1%
Other 32.1%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 47% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 28.5%
15-19 8.7%
20-24 9.3%
25-44 25.9%
45-65 18.0%
66+ 9.6%
OCCUPATION

Occupation % Distribution
Construction 6.9%
Education 6.6%
Management, Business, & Financial 8.5%
Natural Resources Maintenance 15.7%
Production & Transportation 14.8%
Sales & Office 22.1%
Other 25.4%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.7%
High School 29.0%
Masters Degree 3.2%
Some College 15.2%
Some High School 37.5%
Other 9.4%

618 Independence Dr Comps

Sorry, we do not have sufficient data available.

618 Independence Dr, Laredo, TX 78043 is a single family home of 896 sqft. HomeUnion INVESTimateĀ® for 618 Independence Dr includes a Price Estimate of $149,986 and a Rent Estimate of $780. This single family home has 0 bedrooms,0 bathrooms, and was built in 1993. This property has an estimated 15 year annualized Yield of 6.24% and Total Return of 11.27%. The estimated 1 year forecast in home value for 618 Independence Dr is 4.87%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WEBB County , or the 78043 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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