INVESTimate
$53,227
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7 Patch Pl PROPERTY INFO
FACTS
- Built In 0
- Price/Sqft : $234.32
CONSTRUCTION
- Beds : 0
- Floor Size : 672 sqft
- Baths : 0 Full
7 Patch Pl SCHOOLS
Financial Details
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HOOKS
Neighborhood : HOOKS
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 $767 per month.
MY RENT : $767 MEDIAN RENT : $974
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 $767 would therefore be considered affordable for annual household incomes greater than $30,680 (12 months x 3.333 x $767).
HOUSEHOLD INCOME RANGE
Approximately 5,081 of households in this neighborhood have a total annual income of $30,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $767 per month.
MINIMUM INCOME RANGE : $30,680
COMMUTE TIME DISTRIBUTION
57% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.
HOOKS Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 8.5% |
| Construction | 10.3% |
| Educational Services | 6.9% |
| Health Care & Social Assistance | 11.7% |
| Public Administration | 15.9% |
| Retail & Wholesale Trader | 13.9% |
| Other | 32.8% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.8% |
| 15-19 | 6.8% |
| 20-24 | 4.4% |
| 25-44 | 24.7% |
| 45-65 | 27.3% |
| 66+ | 16.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 7.9% |
| Management, Business, & Financial | 14.0% |
| Natural Resources Maintenance | 16.6% |
| Production & Transportation | 16.4% |
| Protect | 6.8% |
| Sales & Office | 21.7% |
| Other | 16.5% |
HIGHEST EDUCATION LEVEL
8% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 4.2% |
| High School | 37.5% |
| Masters Degree | 3.7% |
| Some College | 33.3% |
| Some High School | 13.5% |
| Other | 7.7% |
7 Patch Pl Comps
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7 Patch Pl, Hooks, TX 75561 is a single family home of 672 sqft. HomeUnion INVESTimateĀ® for 7 Patch Pl includes a Price Estimate of $157,461 and a Rent Estimate of $767. This single family home has 0 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 5.85% and Total Return of 17.29%. The estimated 1 year forecast in home value for 7 Patch Pl is 6.47%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , BOWIE County , or the 75561 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
