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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

807 Independence Dr Laredo, TX 78043

0 Beds 0 Baths 1,624 sqft Built 1999
Last updated:  Oct 23, 2019

INVESTimate

$156,424

$140K - $173K

Price Est.

$1,145

$1.1K - $1.2K

Rent Est.

$164,042  ( +4.87%)   1 YR EST. FORECAST
  
  
  

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807 Independence Dr PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $96.32
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,624 sqft
  • Baths : 0 Full

807 Independence Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CUELLAR ELEMENTARY SCHOOL Primary Regular 665 41 3
ANTONIO GONZALEZ MIDDLE SCHOOL Middle Regular 1,079 68 3
UNITED SOUTH HIGH SCHOOL High Regular 2,783 165 3

CUELLAR ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 41
3
GreatSchools Rating

ANTONIO GONZALEZ MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,079
  • # of teachers: 68
3
GreatSchools Rating

UNITED SOUTH HIGH SCHOOL

  • Education Level: High
  • # of students: 2,783
  • # of teachers: 165
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Heritage Park Mobile Home

  • 454

    POPULATION
  • 129

    HOUSEHOLDS
  • 62.0%

    WHITE COLLAR

Neighborhood : Heritage Park Mobile Home

HOUSEHOLDS
129
POPULATION

454

0.8%Renters
99.2%Home Owners
LABOR FORCE

 

62.0%White Collar
38.0%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 $1,145 per month.

MY RENT : $1,145 MEDIAN RENT : $1,209

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 20.0%
$900-999 10.0%
$1,000-1,499 70.0%
>=$1,500 0.0%
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 $1,145 would therefore be considered affordable for annual household incomes greater than $45,800 (12 months x 3.333 x $1,145).

Rent % Affordability
Above $500 82.0%
Above $700 63.4%
Above $1,100 42.2%
Above $1,500 35.2%
Above $1,900 25.4%
HOUSEHOLD INCOME RANGE

Approximately 50 of households in this neighborhood have a total annual income of $45,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,145 per month.

MINIMUM INCOME RANGE : $45,800

Income % Distribution
<$20K 18.0%
$20K-$35K 28.9%
$35K-$60K 18.0%
$60K-$100K 18.0%
>=$100K 17.2%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.5%
5-9 mins 6.8%
10-14 mins 17.4%
15-19 mins 27.9%
20-29 mins 27.9%
30-44 mins 3.7%
45-59 mins 7.3%
>60 mins 8.7%
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 $1,145 per month.

MY RENT : $1,145 MEDIAN RENT : $1,209

Rent % Distribution
$500-699 0.0%
$700-899 20.0%
$900-999 10.0%
$1,000-1,499 70.0%
>=$1,500 0.0%
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 $1,145 would therefore be considered affordable for annual household incomes greater than $45,800 (12 months x 3.333 x $1,145).

Rent % Affordability
Above $500 82.0%
Above $700 63.4%
Above $1,100 42.2%
Above $1,500 35.2%
Above $1,900 25.4%
HOUSEHOLD INCOME RANGE

Approximately 50 of households in this neighborhood have a total annual income of $45,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,145 per month.

MINIMUM INCOME RANGE : $45,800

Income % Distribution
<$20K 18.0%
$20K-$35K 28.9%
$35K-$60K 18.0%
$60K-$100K 18.0%
>=$100K 17.2%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.5%
5-9 mins 6.8%
10-14 mins 17.4%
15-19 mins 27.9%
20-29 mins 27.9%
30-44 mins 3.7%
45-59 mins 7.3%
>60 mins 8.7%

Heritage Park Mobile Home Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.0%
Arts & Entertainment 21.9%
Educational Services 13.6%
Health Care & Social Assistance 17.5%
Retail & Wholesale Trader 11.4%
Transportation 10.1%
Other 18.4%
AGE DISTRIBUTION

42% of the population is between the ages of 25 and 64, 51% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 27.5%
15-19 17.2%
20-24 6.6%
25-44 26.0%
45-65 15.9%
66+ 6.8%
OCCUPATION

Occupation % Distribution
Construction 15.0%
Healthcare 8.6%
Management, Business, & Financial 9.3%
Natural Resources Maintenance 13.6%
Production & Transportation 10.7%
Sales & Office 28.6%
Other 14.3%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.5%
High School 23.4%
Masters Degree 1.4%
Some College 19.8%
Some High School 36.0%
Other 9.9%

807 Independence Dr Comps

Sorry, we do not have sufficient data available.

807 Independence Dr, Laredo, TX 78043 is a single family home of 1,624 sqft. HomeUnion INVESTimateĀ® for 807 Independence Dr includes a Price Estimate of $156,424 and a Rent Estimate of $1,145. This single family home has 0 bedrooms,0 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 8.78% and Total Return of 18.40%. The estimated 1 year forecast in home value for 807 Independence Dr is 4.87%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , WEBB County , or the 78043 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 78041
  2. 78046
  3. 78045