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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

701 Corpus Christi St Laredo, TX 78040

0 Beds 0 Baths 1,056 sqft Built 0
Last updated:  Jan 16, 2015

INVESTimate

$95,014

$85.1K - $105K

Price Est.

$998

925 - $1.1K

Rent Est.

$98,102  ( +3.25%)   1 YR EST. FORECAST

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701 Corpus Christi St PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $89.98
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,056 sqft
  • Baths : 0 Full

701 Corpus Christi St SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

LAX

  • 2,453

    POPULATION
  • 597

    HOUSEHOLDS
  • 30.3%

    WHITE COLLAR

Neighborhood : LAX

HOUSEHOLDS
597
POPULATION

2,453

51.9%Renters
48.1%Home Owners
LABOR FORCE

 

30.3%White Collar
69.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $998 per month.

MY RENT : $998 MEDIAN RENT : $875

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 54.1%
$900-999 18.5%
$1,000-1,499 27.2%
>=$1,500 0.1%
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 $998 would therefore be considered affordable for annual household incomes greater than $39,920 (12 months x 3.333 x $998).

Rent % Affordability
Above $500 58.2%
Above $700 44.7%
Above $1,100 22.5%
Above $1,500 11.6%
Above $1,900 3.2%
HOUSEHOLD INCOME RANGE

Approximately 109 of households in this neighborhood have a total annual income of $39,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $998 per month.

MINIMUM INCOME RANGE : $39,920

Income % Distribution
<$20K 41.8%
$20K-$35K 26.3%
$35K-$60K 20.3%
$60K-$100K 11.6%
>=$100K 0.0%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 6.5%
10-14 mins 15.9%
15-19 mins 43.2%
20-29 mins 21.7%
30-44 mins 8.0%
45-59 mins 0.7%
>60 mins 2.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $998 per month.

MY RENT : $998 MEDIAN RENT : $875

Rent % Distribution
$500-699 0.0%
$700-899 54.1%
$900-999 18.5%
$1,000-1,499 27.2%
>=$1,500 0.1%
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 $998 would therefore be considered affordable for annual household incomes greater than $39,920 (12 months x 3.333 x $998).

Rent % Affordability
Above $500 58.2%
Above $700 44.7%
Above $1,100 22.5%
Above $1,500 11.6%
Above $1,900 3.2%
HOUSEHOLD INCOME RANGE

Approximately 109 of households in this neighborhood have a total annual income of $39,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $998 per month.

MINIMUM INCOME RANGE : $39,920

Income % Distribution
<$20K 41.8%
$20K-$35K 26.3%
$35K-$60K 20.3%
$60K-$100K 11.6%
>=$100K 0.0%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 6.5%
10-14 mins 15.9%
15-19 mins 43.2%
20-29 mins 21.7%
30-44 mins 8.0%
45-59 mins 0.7%
>60 mins 2.8%

LAX Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.9%
Construction 7.4%
Educational Services 7.1%
Health Care & Social Assistance 12.2%
Retail & Wholesale Trader 20.0%
Transportation 7.9%
Other 29.5%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 41% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 32.0%
15-19 4.6%
20-24 4.4%
25-44 30.3%
45-65 18.5%
66+ 10.2%
OCCUPATION

Occupation % Distribution
Clean 7.9%
Natural Resources Maintenance 21.1%
PCare 6.2%
Production & Transportation 18.5%
Protect 5.7%
Sales & Office 26.0%
Other 14.7%
HIGHEST EDUCATION LEVEL

2% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 1.6%
High School 33.8%
Masters Degree 0.6%
Some College 16.3%
Some High School 44.9%
Other 2.7%

701 Corpus Christi St Comps

Sorry, we do not have sufficient data available.

701 Corpus Christi St, Laredo, TX 78040 is a single family home of 1,056 sqft. HomeUnion INVESTimate® for 701 Corpus Christi St includes a Price Estimate of $95,014 and a Rent Estimate of $998. This single family home has 0 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 12.60% and Total Return of 19.47%. The estimated 1 year forecast in home value for 701 Corpus Christi St is 3.25%.

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