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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

712 Meadow Springs Dr Glenn Heights, TX 75154

4 Beds 3 Baths 2,779 sqft Built 2007
Last updated:  Jan 23, 2020

INVESTimate

$294,542

$274K - $315K

Price Est.

$1,935

$1.8K - $2.0K

Rent Est.

$319,225  ( +8.38%)   1 YR EST. FORECAST
  
  
  

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712 Meadow Springs Dr PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $105.99
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,779 sqft
  • Baths : 2 Full 1 Half

712 Meadow Springs Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FRANK D. MOATES ELEMENTARY SCHOOL Primary Regular 645 38 4
CURTISTENE S MCCOWAN MIDDLE SCHOOL Middle Regular 872 57 3

FRANK D. MOATES ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 38
4
GreatSchools Rating

CURTISTENE S MCCOWAN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 57
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Meadow Springs

  • 150

    POPULATION
  • 47

    HOUSEHOLDS
  • 51.0%

    WHITE COLLAR

Neighborhood : Meadow Springs

HOUSEHOLDS
47
POPULATION

150

21.7%Renters
78.3%Home Owners
LABOR FORCE

 

51.0%White Collar
49.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,935 per month.

MY RENT : $1,935 MEDIAN RENT : $1,776

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 18.5%
>=$1,500 81.5%
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 $1,935 would therefore be considered affordable for annual household incomes greater than $77,400 (12 months x 3.333 x $1,935).

Rent % Affordability
Above $500 91.3%
Above $700 82.2%
Above $1,100 71.3%
Above $1,500 58.7%
Above $1,900 51.6%
HOUSEHOLD INCOME RANGE

Approximately 19 of households in this neighborhood have a total annual income of $77,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,935 per month.

MINIMUM INCOME RANGE : $77,400

Income % Distribution
<$20K 8.7%
$20K-$35K 13.0%
$35K-$60K 19.6%
$60K-$100K 21.7%
>=$100K 37.0%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 7.5%
10-14 mins 1.5%
15-19 mins 6.0%
20-29 mins 28.4%
30-44 mins 31.3%
45-59 mins 11.9%
>60 mins 13.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,935 per month.

MY RENT : $1,935 MEDIAN RENT : $1,776

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 18.5%
>=$1,500 81.5%
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 $1,935 would therefore be considered affordable for annual household incomes greater than $77,400 (12 months x 3.333 x $1,935).

Rent % Affordability
Above $500 91.3%
Above $700 82.2%
Above $1,100 71.3%
Above $1,500 58.7%
Above $1,900 51.6%
HOUSEHOLD INCOME RANGE

Approximately 19 of households in this neighborhood have a total annual income of $77,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,935 per month.

MINIMUM INCOME RANGE : $77,400

Income % Distribution
<$20K 8.7%
$20K-$35K 13.0%
$35K-$60K 19.6%
$60K-$100K 21.7%
>=$100K 37.0%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 7.5%
10-14 mins 1.5%
15-19 mins 6.0%
20-29 mins 28.4%
30-44 mins 31.3%
45-59 mins 11.9%
>60 mins 13.4%

Meadow Springs Demographics

INDUSTRY

Industry % Distribution
Administrative Support 10.8%
Construction 9.5%
Educational Services 14.9%
Public Administration 12.2%
Retail & Wholesale Trader 10.8%
Transportation 9.5%
Other 32.4%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 41% is 24 or younger and 5% is 65 or older.

Age % Distribution
<15 26.7%
15-19 12.7%
20-24 1.3%
25-44 36.0%
45-65 18.7%
66+ 4.7%
OCCUPATION

Occupation % Distribution
Construction 11.7%
Management, Business, & Financial 13.3%
Natural Resources Maintenance 10.0%
Production & Transportation 11.7%
Protect 21.7%
Sales & Office 20.0%
Other 11.7%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 20.2%
Masters Degree 10.7%
Professional 2.4%
Some College 42.9%
Some High School 11.9%
Other 11.9%

712 Meadow Springs Dr Comps

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712 Meadow Springs Dr, Glenn Heights, TX 75154 is a single family home of 2,779 sqft. HomeUnion INVESTimateĀ® for 712 Meadow Springs Dr includes a Price Estimate of $294,542 and a Rent Estimate of $1,935. This single family home has 4 bedrooms,3 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 7.88% and Total Return of 25.84%. The estimated 1 year forecast in home value for 712 Meadow Springs Dr is 8.38%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , DALLAS County , or the 75154 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 75115
  2. 75104
  3. 76065