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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.

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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.

7157 Lance Ln Eustace, TX 75124

0 Beds 0 Baths 1,813 sqft Built 1999
Last updated:  Oct 23, 2019

INVESTimate

$441,050

$384K - $498K

Price Est.

$1,823

$1.7K - $2.0K

Rent Est.

$468,351  ( +6.19%)   1 YR EST. FORECAST

7157 Lance Ln PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $243.27
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,813 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
7157 Lance Ln, Eustace, TX 75124 is a single family home of 1,813 sqft. HomeUnion estimate for 7157 Lance Ln includes a Price Estimate of $441,050 and a Rent Estimate of $1,823. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 4.96% and Total Return of 15.83%. The estimated 1 year forecast in home value for 7157 Lance Ln is 6.19%.
  
  
  

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7157 Lance Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EUSTACE INTERMEDIATE SCHOOL Primary Regular 316 22 9
EUSTACE MIDDLE SCHOOL Middle Regular 356 22 5
EUSTACE HIGH SCHOOL High Regular 380 37 5

EUSTACE INTERMEDIATE SCHOOL

  • Education Level: Primary
  • # of students: 316
  • # of teachers: 22
9
GreatSchools Rating

EUSTACE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 356
  • # of teachers: 22
5
GreatSchools Rating

EUSTACE HIGH SCHOOL

  • Education Level: High
  • # of students: 380
  • # of teachers: 37
5
GreatSchools Rating
 

Financial Details

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Neighborhood

EUSTACE

  • 4,341

    POPULATION
  • 1,623

    HOUSEHOLDS
  • 54.0%

    WHITE COLLAR

Neighborhood : EUSTACE

HOUSEHOLDS
1,623
POPULATION

4,341

21.7%Renters
78.3%Home Owners
LABOR FORCE

 

54.0%White Collar
46.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,823 per month.

MY RENT : $1,823 MEDIAN RENT : $1,357

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 73.3%
>=$1,500 26.7%
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 $1,823 would therefore be considered affordable for annual household incomes greater than $72,920 (12 months x 3.333 x $1,823).

Rent % Affordability
Above $500 82.6%
Above $700 73.7%
Above $1,100 57.3%
Above $1,500 44.8%
Above $1,900 35.0%
HOUSEHOLD INCOME RANGE

Approximately 461 of households in this neighborhood have a total annual income of $72,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,823 per month.

MINIMUM INCOME RANGE : $72,920

Income % Distribution
<$20K 17.4%
$20K-$35K 16.1%
$35K-$60K 21.8%
$60K-$100K 22.5%
>=$100K 22.3%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.7%
5-9 mins 10.0%
10-14 mins 9.8%
15-19 mins 12.6%
20-29 mins 16.0%
30-44 mins 16.3%
45-59 mins 7.9%
>60 mins 23.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,823 per month.

MY RENT : $1,823 MEDIAN RENT : $1,357

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 73.3%
>=$1,500 26.7%
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 $1,823 would therefore be considered affordable for annual household incomes greater than $72,920 (12 months x 3.333 x $1,823).

Rent % Affordability
Above $500 82.6%
Above $700 73.7%
Above $1,100 57.3%
Above $1,500 44.8%
Above $1,900 35.0%
HOUSEHOLD INCOME RANGE

Approximately 461 of households in this neighborhood have a total annual income of $72,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,823 per month.

MINIMUM INCOME RANGE : $72,920

Income % Distribution
<$20K 17.4%
$20K-$35K 16.1%
$35K-$60K 21.8%
$60K-$100K 22.5%
>=$100K 22.3%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.7%
5-9 mins 10.0%
10-14 mins 9.8%
15-19 mins 12.6%
20-29 mins 16.0%
30-44 mins 16.3%
45-59 mins 7.9%
>60 mins 23.9%

EUSTACE Demographics

INDUSTRY

Industry % Distribution
Construction 9.1%
Educational Services 11.5%
Health Care & Social Assistance 8.5%
Manufacturing 9.8%
Public Administration 9.1%
Retail & Wholesale Trader 16.3%
Other 35.7%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 24% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 12.2%
15-19 6.1%
20-24 6.2%
25-44 21.7%
45-65 31.7%
66+ 22.2%
OCCUPATION

Occupation % Distribution
Healthcare 6.6%
Management, Business, & Financial 13.2%
Natural Resources Maintenance 17.6%
Production & Transportation 13.0%
Protect 6.4%
Sales & Office 18.5%
Other 24.8%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.9%
High School 35.7%
Masters Degree 3.7%
Some College 23.6%
Some High School 15.1%
Other 11.0%

7157 Lance Ln 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 , HENDERSON County , or the 75124 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 75156
  2. 75148