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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

8596 Ne County Road 1040 Rice, TX 75155

0 Beds 0 Baths 1,890 sqft Built 1998
Last updated:  Dec 26, 2019

INVESTimate

$267,044

$239K - $295K

Price Est.

$1,502

$1.3K - $1.7K

Rent Est.

$273,320  ( +2.35%)   1 YR EST. FORECAST
  
  
  

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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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RICE INTERMEDIATE MIDDLE SCHOOL Primary Regular 388 25 4
RICE INTERMEDIATE MIDDLE SCHOOL Middle Regular 388 25 4
RICE HIGH SCHOOL High Regular 252 21 6

RICE INTERMEDIATE MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 388
  • # of teachers: 25
4
GreatSchools Rating

RICE INTERMEDIATE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 388
  • # of teachers: 25
4
GreatSchools Rating

RICE HIGH SCHOOL

  • Education Level: High
  • # of students: 252
  • # of teachers: 21
6
GreatSchools Rating
 

Financial Details

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Neighborhood

RICE

  • 2,798

    POPULATION
  • 854

    HOUSEHOLDS
  • 40.7%

    WHITE COLLAR

Neighborhood : RICE

HOUSEHOLDS
854
POPULATION

2,798

20.2%Renters
79.8%Home Owners
LABOR FORCE

 

40.7%White Collar
59.3%Blue Collar
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

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 3.1%
$900-999 19.3%
$1,000-1,499 67.6%
>=$1,500 10.1%
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).

Rent % Affordability
Above $500 85.4%
Above $700 76.5%
Above $1,100 55.2%
Above $1,500 34.7%
Above $1,900 22.4%
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

Income % Distribution
<$20K 14.6%
$20K-$35K 22.3%
$35K-$60K 28.4%
$60K-$100K 19.0%
>=$100K 15.7%
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.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 5.5%
10-14 mins 9.4%
15-19 mins 19.1%
20-29 mins 27.2%
30-44 mins 13.6%
45-59 mins 6.9%
>60 mins 13.8%
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

Rent % Distribution
$500-699 0.0%
$700-899 3.1%
$900-999 19.3%
$1,000-1,499 67.6%
>=$1,500 10.1%
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).

Rent % Affordability
Above $500 85.4%
Above $700 76.5%
Above $1,100 55.2%
Above $1,500 34.7%
Above $1,900 22.4%
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

Income % Distribution
<$20K 14.6%
$20K-$35K 22.3%
$35K-$60K 28.4%
$60K-$100K 19.0%
>=$100K 15.7%
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.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 5.5%
10-14 mins 9.4%
15-19 mins 19.1%
20-29 mins 27.2%
30-44 mins 13.6%
45-59 mins 6.9%
>60 mins 13.8%

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

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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

Nearest zipcodes within 2 miles

  1. 75119