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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 Walnut Pkwy Garland, TX 75042

3 Beds 3 Baths 1,722 sqft Built 1973
Last updated:  Jun 30, 2018

INVESTimate

$130,010

$123K - $137K

Price Est.

$1,499

$1.4K - $1.6K

Rent Est.

$142,166  ( +9.35%)   1 YR EST. FORECAST
  
  
  

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709 Walnut Pkwy PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $75.50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,722 sqft
  • Baths : 2 Full 1 Half

709 Walnut Pkwy SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HILLSIDE ACADEMY FOR EXCEL Primary Magnet 446 29 10
CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL Middle Magnet 1,153 62 8
SACHSE HIGH SCHOOL High Regular 2,609 152 7

HILLSIDE ACADEMY FOR EXCEL

  • Education Level: Primary
  • # of students: 446
  • # of teachers: 29
10
GreatSchools Rating

CLASSICAL CENTER AT BRANDENBURG MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 62
8
GreatSchools Rating

SACHSE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,609
  • # of teachers: 152
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Walnut Park Estates

  • 418

    POPULATION
  • 137

    HOUSEHOLDS
  • 41.9%

    WHITE COLLAR

Neighborhood : Walnut Park Estates

HOUSEHOLDS
137
POPULATION

418

10.9%Renters
89.1%Home Owners
LABOR FORCE

 

41.9%White Collar
58.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,499 per month.

MY RENT : $1,499 MEDIAN RENT : $1,498

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 50.3%
>=$1,500 49.7%
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 $1,499 would therefore be considered affordable for annual household incomes greater than $59,960 (12 months x 3.333 x $1,499).

Rent % Affordability
Above $500 89.0%
Above $700 85.1%
Above $1,100 53.5%
Above $1,500 34.6%
Above $1,900 30.1%
HOUSEHOLD INCOME RANGE

Approximately 47 of households in this neighborhood have a total annual income of $59,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,499 per month.

MINIMUM INCOME RANGE : $59,960

Income % Distribution
<$20K 11.0%
$20K-$35K 8.1%
$35K-$60K 46.3%
$60K-$100K 23.5%
>=$100K 11.0%
COMMUTE TIME DISTRIBUTION

40% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 4.7%
10-14 mins 27.5%
15-19 mins 4.7%
20-29 mins 25.4%
30-44 mins 10.4%
45-59 mins 26.4%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,499 per month.

MY RENT : $1,499 MEDIAN RENT : $1,498

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 50.3%
>=$1,500 49.7%
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 $1,499 would therefore be considered affordable for annual household incomes greater than $59,960 (12 months x 3.333 x $1,499).

Rent % Affordability
Above $500 89.0%
Above $700 85.1%
Above $1,100 53.5%
Above $1,500 34.6%
Above $1,900 30.1%
HOUSEHOLD INCOME RANGE

Approximately 47 of households in this neighborhood have a total annual income of $59,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,499 per month.

MINIMUM INCOME RANGE : $59,960

Income % Distribution
<$20K 11.0%
$20K-$35K 8.1%
$35K-$60K 46.3%
$60K-$100K 23.5%
>=$100K 11.0%
COMMUTE TIME DISTRIBUTION

40% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 4.7%
10-14 mins 27.5%
15-19 mins 4.7%
20-29 mins 25.4%
30-44 mins 10.4%
45-59 mins 26.4%
>60 mins 0.0%

Walnut Park Estates Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.1%
Financial Industries 4.6%
Manufacturing 26.9%
Real Estate 13.7%
Retail & Wholesale Trader 7.6%
Transportation 4.6%
Other 33.5%
AGE DISTRIBUTION

69% of the population is between the ages of 25 and 64, 17% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 12.7%
15-19 1.0%
20-24 3.8%
25-44 34.9%
45-65 34.4%
66+ 13.2%
OCCUPATION

Occupation % Distribution
Clean 20.8%
Management, Business, & Financial 18.2%
Natural Resources Maintenance 5.7%
PCare 11.3%
Production & Transportation 19.5%
Sales & Office 15.1%
Other 9.4%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.9%
High School 33.1%
Masters Degree 1.5%
Some College 34.9%
Some High School 9.0%
Other 11.6%

709 Walnut Pkwy Comps

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709 Walnut Pkwy, Garland, TX 75042 is a single family home of 1,722 sqft. HomeUnion INVESTimateĀ® for 709 Walnut Pkwy includes a Price Estimate of $130,010 and a Rent Estimate of $1,499. This single family home has 3 bedrooms,3 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 13.84% and Total Return of 41.38%. The estimated 1 year forecast in home value for 709 Walnut Pkwy is 9.35%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , DALLAS County , or the 75042 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 75243
  2. 75081
  3. 75044
  4. 75041