INVESTimate
$38,823
663 Peabody Rd PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $55.79
CONSTRUCTION
- Beds : 0
- Floor Size : 1,848 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
663 Peabody Rd, Bruceville, TX 76630 is a single family home of 1,848 sqft. HomeUnion estimate for 663 Peabody Rd includes a Price Estimate of $103,104 and a Rent Estimate of $1,157. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 13.47% and Total Return of 26.49%. The estimated 1 year forecast in home value for 663 Peabody Rd is 4.8%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
663 Peabody Rd SCHOOLS
Financial Details
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BRUCEVILLE
Neighborhood : BRUCEVILLE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,157 per month.
MY RENT : $1,157 MEDIAN RENT : $1,522
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 $1,157 would therefore be considered affordable for annual household incomes greater than $46,280 (12 months x 3.333 x $1,157).
HOUSEHOLD INCOME RANGE
Approximately 353 of households in this neighborhood have a total annual income of $46,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,157 per month.
MINIMUM INCOME RANGE : $46,280
COMMUTE TIME DISTRIBUTION
74% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.
BRUCEVILLE Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 8.6% |
Educational Services | 14.0% |
Financial Industries | 8.8% |
Health Care & Social Assistance | 11.7% |
Manufacturing | 8.9% |
Professional & Scientific Tech Services | 10.5% |
Other | 37.6% |
AGE DISTRIBUTION
47% of the population is between the ages of 25 and 64, 39% is 24 or younger and 15% is 65 or older.
Age | % Distribution |
---|---|
<15 | 25.6% |
15-19 | 8.1% |
20-24 | 5.1% |
25-44 | 23.1% |
45-65 | 23.4% |
66+ | 14.7% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 11.9% |
Construction | 7.4% |
Management, Business, & Financial | 16.8% |
Natural Resources Maintenance | 12.9% |
Production & Transportation | 8.5% |
Sales & Office | 26.8% |
Other | 15.6% |
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 | 13.5% |
High School | 30.9% |
Masters Degree | 5.6% |
Some College | 27.7% |
Some High School | 7.4% |
Other | 15.0% |
663 Peabody Rd Comps
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