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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

Hwy 359 Rental Tools Laredo, TX 78040

0 Beds 0 Baths 1,216 sqft Built 0
Last updated:  Jan 16, 2015

INVESTimate

$155,764

$140K - $172K

Price Est.

$1,065

987 - $1.1K

Rent Est.

$160,826  ( +3.25%)   1 YR EST. FORECAST

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Hwy 359 Rental Tools PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $128.10
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,216 sqft
  • Baths : 0 Full

Hwy 359 Rental Tools SCHOOLS

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Financial Details

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Neighborhood

LAREDO

  • 42,252

    POPULATION
  • 11,511

    HOUSEHOLDS
  • 40.7%

    WHITE COLLAR

Neighborhood : LAREDO

HOUSEHOLDS
11,511
POPULATION

42,252

56.1%Renters
43.9%Home Owners
LABOR FORCE

 

40.7%White Collar
59.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,065 per month.

MY RENT : $1,065 MEDIAN RENT : $904

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 49.2%
$900-999 18.0%
$1,000-1,499 32.3%
>=$1,500 0.6%
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 $1,065 would therefore be considered affordable for annual household incomes greater than $42,600 (12 months x 3.333 x $1,065).

Rent % Affordability
Above $500 55.4%
Above $700 45.9%
Above $1,100 26.2%
Above $1,500 15.9%
Above $1,900 9.6%
HOUSEHOLD INCOME RANGE

Approximately 2,487 of households in this neighborhood have a total annual income of $42,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,065 per month.

MINIMUM INCOME RANGE : $42,600

Income % Distribution
<$20K 44.6%
$20K-$35K 19.8%
$35K-$60K 19.7%
$60K-$100K 11.4%
>=$100K 4.5%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 9.8%
10-14 mins 17.7%
15-19 mins 25.5%
20-29 mins 24.7%
30-44 mins 14.0%
45-59 mins 2.9%
>60 mins 3.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,065 per month.

MY RENT : $1,065 MEDIAN RENT : $904

Rent % Distribution
$500-699 0.0%
$700-899 49.2%
$900-999 18.0%
$1,000-1,499 32.3%
>=$1,500 0.6%
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 $1,065 would therefore be considered affordable for annual household incomes greater than $42,600 (12 months x 3.333 x $1,065).

Rent % Affordability
Above $500 55.4%
Above $700 45.9%
Above $1,100 26.2%
Above $1,500 15.9%
Above $1,900 9.6%
HOUSEHOLD INCOME RANGE

Approximately 2,487 of households in this neighborhood have a total annual income of $42,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,065 per month.

MINIMUM INCOME RANGE : $42,600

Income % Distribution
<$20K 44.6%
$20K-$35K 19.8%
$35K-$60K 19.7%
$60K-$100K 11.4%
>=$100K 4.5%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 9.8%
10-14 mins 17.7%
15-19 mins 25.5%
20-29 mins 24.7%
30-44 mins 14.0%
45-59 mins 2.9%
>60 mins 3.0%

LAREDO Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.2%
Construction 8.5%
Educational Services 10.1%
Health Care & Social Assistance 12.3%
Retail & Wholesale Trader 16.2%
Transportation 11.7%
Other 30.0%
AGE DISTRIBUTION

43% of the population is between the ages of 25 and 64, 44% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 29.2%
15-19 7.6%
20-24 7.5%
25-44 23.7%
45-65 19.4%
66+ 12.6%
OCCUPATION

Occupation % Distribution
Clean 8.2%
Education 5.9%
Management, Business, & Financial 6.8%
Natural Resources Maintenance 14.0%
Production & Transportation 18.9%
Sales & Office 27.3%
Other 18.9%
HIGHEST EDUCATION LEVEL

6% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.8%
High School 27.2%
Masters Degree 1.5%
Some College 13.3%
Some High School 48.0%
Other 5.2%

Hwy 359 Rental Tools Comps

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Hwy 359 Rental Tools, Laredo, TX 78040 is a single family home of 1,216 sqft. HomeUnion INVESTimate® for Hwy 359 Rental Tools includes a Price Estimate of $155,764 and a Rent Estimate of $1,065. This single family home has 0 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 8.20% and Total Return of 11.31%. The estimated 1 year forecast in home value for Hwy 359 Rental Tools is 3.25%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in TX, WEBB County, or the 78040 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2