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This page contains information about each property aggregated from public data sources, 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.

7120 Great Oak Cir Burton, TX 77835

3 Beds 4 Baths 2,484 sqft Built 2014
Last updated:  Jan 23, 2020

INVESTimate

$565,809

$507K - $625K

Price Est.

$2,139

$1.9K - $2.4K

Rent Est.

$587,027  ( +3.75%)   1 YR EST. FORECAST

7120 Great Oak Cir PROPERTY INFO

FACTS
  • Built In 2014
  • Price/Sqft : $227.78
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,484 sqft
  • Baths : 3 Full 1 Half
PROPERTY DESCRIPTION
7120 Great Oak Cir, Burton, TX 77835 is a single family home of 2,484 sqft. HomeUnion estimate for 7120 Great Oak Cir includes a Price Estimate of $565,809 and a Rent Estimate of $2,139. This single family home has 3 bedrooms, 4 bathrooms, and was built in 2014. This property has an estimated 15 year annualized Yield of 4.54% and Total Return of 10.63%. The estimated 1 year forecast in home value for 7120 Great Oak Cir is 3.75%.
  
  
  

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7120 Great Oak Cir SCHOOLS

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Financial Details

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Neighborhood

BURTON

  • 2,961

    POPULATION
  • 1,240

    HOUSEHOLDS
  • 52.9%

    WHITE COLLAR

Neighborhood : BURTON

HOUSEHOLDS
1,240
POPULATION

2,961

20.4%Renters
79.6%Home Owners
LABOR FORCE

 

52.9%White Collar
47.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,139 per month.

MY RENT : $2,139 MEDIAN RENT : $1,367

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.4%
$900-999 7.8%
$1,000-1,499 48.5%
>=$1,500 39.3%
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 $2,139 would therefore be considered affordable for annual household incomes greater than $85,560 (12 months x 3.333 x $2,139).

Rent % Affordability
Above $500 88.7%
Above $700 76.3%
Above $1,100 60.8%
Above $1,500 51.6%
Above $1,900 37.1%
HOUSEHOLD INCOME RANGE

Approximately 285 of households in this neighborhood have a total annual income of $85,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,139 per month.

MINIMUM INCOME RANGE : $85,560

Income % Distribution
<$20K 11.3%
$20K-$35K 19.3%
$35K-$60K 17.9%
$60K-$100K 33.4%
>=$100K 18.1%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 6.9%
10-14 mins 8.0%
15-19 mins 18.2%
20-29 mins 25.0%
30-44 mins 25.1%
45-59 mins 4.2%
>60 mins 11.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,139 per month.

MY RENT : $2,139 MEDIAN RENT : $1,367

Rent % Distribution
$500-699 0.0%
$700-899 4.4%
$900-999 7.8%
$1,000-1,499 48.5%
>=$1,500 39.3%
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 $2,139 would therefore be considered affordable for annual household incomes greater than $85,560 (12 months x 3.333 x $2,139).

Rent % Affordability
Above $500 88.7%
Above $700 76.3%
Above $1,100 60.8%
Above $1,500 51.6%
Above $1,900 37.1%
HOUSEHOLD INCOME RANGE

Approximately 285 of households in this neighborhood have a total annual income of $85,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,139 per month.

MINIMUM INCOME RANGE : $85,560

Income % Distribution
<$20K 11.3%
$20K-$35K 19.3%
$35K-$60K 17.9%
$60K-$100K 33.4%
>=$100K 18.1%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 6.9%
10-14 mins 8.0%
15-19 mins 18.2%
20-29 mins 25.0%
30-44 mins 25.1%
45-59 mins 4.2%
>60 mins 11.0%

BURTON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 11.6%
Educational Services 12.2%
Health Care & Social Assistance 5.9%
Manufacturing 31.0%
Retail & Wholesale Trader 7.6%
Transportation 6.5%
Other 25.1%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 21% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 17.5%
15-19 2.7%
20-24 0.8%
25-44 21.8%
45-65 32.8%
66+ 24.3%
OCCUPATION

Occupation % Distribution
Construction 6.2%
Healthcare 5.9%
Management, Business, & Financial 21.6%
Natural Resources Maintenance 7.7%
Production & Transportation 37.1%
Sales & Office 7.5%
Other 14.0%
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 6.4%
High School 39.2%
Masters Degree 4.0%
Some College 25.4%
Some High School 8.1%
Other 16.8%

7120 Great Oak Cir Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WASHINGTON County , or the 77835 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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