754 County Road 1215 PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $53.25
CONSTRUCTION
- Beds : 0
- Floor Size : 1,736 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
754 County Road 1215, Savoy, TX 75479 is a single family home of 1,736 sqft. HomeUnion estimate for 754 County Road 1215 includes a Price Estimate of $92,443 and a Rent Estimate of $1,122. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 14.56% and Total Return of 24.98%. The estimated 1 year forecast in home value for 754 County Road 1215 is 7.68%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
754 County Road 1215 SCHOOLS
Financial Details
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SAVOY
Neighborhood : SAVOY
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 $1,122 per month.
MY RENT : $1,122 MEDIAN RENT : $1,113
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 $1,122 would therefore be considered affordable for annual household incomes greater than $44,880 (12 months x 3.333 x $1,122).
HOUSEHOLD INCOME RANGE
Approximately 276 of households in this neighborhood have a total annual income of $44,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,122 per month.
MINIMUM INCOME RANGE : $44,880
COMMUTE TIME DISTRIBUTION
65% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.
SAVOY Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 5.9% |
Educational Services | 16.1% |
Health Care & Social Assistance | 14.9% |
Manufacturing | 14.6% |
Professional & Scientific Tech Services | 6.8% |
Retail & Wholesale Trader | 13.4% |
Other | 28.5% |
AGE DISTRIBUTION
48% of the population is between the ages of 25 and 64, 29% is 24 or younger and 23% is 65 or older.
Age | % Distribution |
---|---|
<15 | 14.7% |
15-19 | 7.7% |
20-24 | 6.8% |
25-44 | 19.5% |
45-65 | 28.2% |
66+ | 23.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 10.6% |
Healthcare | 10.0% |
Management, Business, & Financial | 12.3% |
Natural Resources Maintenance | 11.2% |
Production & Transportation | 19.6% |
Sales & Office | 17.5% |
Other | 18.9% |
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 | 9.4% |
High School | 33.9% |
Masters Degree | 5.2% |
Some College | 27.5% |
Some High School | 13.8% |
Other | 10.1% |
754 County Road 1215 Comps
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