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8596 Ne County Road 1040 PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $141.29
CONSTRUCTION
- Beds : 0
- Floor Size : 1,890 sqft
- Baths : 0 Full
8596 Ne County Road 1040 SCHOOLS
Financial Details
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RICE
Neighborhood : RICE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 10% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,502 per month.
MY RENT : $1,502 MEDIAN RENT : $1,081
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 $1,502 would therefore be considered affordable for annual household incomes greater than $60,080 (12 months x 3.333 x $1,502).
HOUSEHOLD INCOME RANGE
Approximately 200 of households in this neighborhood have a total annual income of $60,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,502 per month.
MINIMUM INCOME RANGE : $60,080
COMMUTE TIME DISTRIBUTION
60% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.
RICE Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 13.4% |
Educational Services | 8.6% |
Health Care & Social Assistance | 10.6% |
Manufacturing | 18.5% |
Retail & Wholesale Trader | 14.0% |
Transportation | 8.2% |
Other | 26.7% |
AGE DISTRIBUTION
49% of the population is between the ages of 25 and 64, 38% is 24 or younger and 12% is 65 or older.
Age | % Distribution |
---|---|
<15 | 28.0% |
15-19 | 6.5% |
20-24 | 3.8% |
25-44 | 26.8% |
45-65 | 22.5% |
66+ | 12.4% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 5.7% |
Construction | 8.4% |
Management, Business, & Financial | 7.8% |
Natural Resources Maintenance | 17.7% |
Production & Transportation | 29.5% |
Sales & Office | 15.5% |
Other | 15.4% |
HIGHEST EDUCATION LEVEL
8% 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 | 29.1% |
Masters Degree | 1.1% |
Some College | 20.8% |
Some High School | 34.5% |
Other | 8.1% |
8596 Ne County Road 1040 Comps
8596 Ne County Road 1040, Rice, TX 75155 is a single family home of 1,890 sqft. HomeUnion INVESTimateĀ® for 8596 Ne County Road 1040 includes a Price Estimate of $267,044 and a Rent Estimate of $1,502. This single family home has 0 bedrooms,0 bathrooms, and was built in 1998. This property has an estimated 15 year annualized Yield of 6.75% and Total Return of 13.56%. The estimated 1 year forecast in home value for 8596 Ne County Road 1040 is 2.35%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX , NAVARRO County , or the 75155 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2