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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

709 Contour Dr Mexia, TX 76667

0 Beds 1 Baths 1,446 sqft Built 1982
Last updated:  Jan 23, 2020

INVESTimate

$95,275

$86.5K - $104K

Price Est.

$997

867 - $1.1K

Rent Est.

$102,173  ( +7.24%)   1 YR EST. FORECAST
  
  
  

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709 Contour Dr PROPERTY INFO

FACTS
  • Built In 1982
  • Price/Sqft : $65.89
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,446 sqft
  • Baths : 1 Full

709 Contour Dr 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 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $997 per month.

MY RENT : $997 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 $997 would therefore be considered affordable for annual household incomes greater than $39,880 (12 months x 3.333 x $997).

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 1,425 of households in this neighborhood have a total annual income of $39,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $997 per month.

MINIMUM INCOME RANGE : $39,880

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 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $997 per month.

MY RENT : $997 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 $997 would therefore be considered affordable for annual household incomes greater than $39,880 (12 months x 3.333 x $997).

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 1,425 of households in this neighborhood have a total annual income of $39,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $997 per month.

MINIMUM INCOME RANGE : $39,880

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%
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%

709 Contour Dr Comps

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709 Contour Dr, Mexia, TX 76667 is a single family home of 1,446 sqft. HomeUnion INVESTimateĀ® for 709 Contour Dr includes a Price Estimate of $95,275 and a Rent Estimate of $997. This single family home has 0 bedrooms,1 bathrooms, and was built in 1982. This property has an estimated 15 year annualized Yield of 12.56% and Total Return of 26.45%. The estimated 1 year forecast in home value for 709 Contour Dr 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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