INVESTimate
$56,957
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1005 Mulberry St PROPERTY INFO
FACTS
- Built In 1956
- Price/Sqft : $93.02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,844 sqft
- Baths : 1 Full 1 Half
1005 Mulberry St SCHOOLS
Financial Details
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TIPTON
Neighborhood : TIPTON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,057 per month.
MY RENT : $1,057 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 $1,057 would therefore be considered affordable for annual household incomes greater than $42,280 (12 months x 3.333 x $1,057).
HOUSEHOLD INCOME RANGE
Approximately 1,281 of households in this neighborhood have a total annual income of $42,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,057 per month.
MINIMUM INCOME RANGE : $42,280
COMMUTE TIME DISTRIBUTION
40% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.
TIPTON Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 6.8% |
| Educational Services | 8.4% |
| Health Care & Social Assistance | 16.4% |
| Manufacturing | 13.3% |
| Professional & Scientific Tech Services | 6.2% |
| Retail & Wholesale Trader | 20.2% |
| Other | 28.7% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 29% is 24 or younger and 19% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.9% |
| 15-19 | 5.3% |
| 20-24 | 4.3% |
| 25-44 | 25.7% |
| 45-65 | 25.8% |
| 66+ | 19.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 3.7% |
| Healthcare | 7.7% |
| Management, Business, & Financial | 15.8% |
| Natural Resources Maintenance | 12.4% |
| Production & Transportation | 14.3% |
| Sales & Office | 33.4% |
| Other | 12.7% |
HIGHEST EDUCATION LEVEL
18% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 14.7% |
| High School | 41.7% |
| Masters Degree | 3.1% |
| Some College | 20.4% |
| Some High School | 5.7% |
| Other | 14.3% |
1005 Mulberry St Comps
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1005 Mulberry St, Tipton, IA 52772 is a single family home of 1,844 sqft. HomeUnion INVESTimateĀ® for 1005 Mulberry St includes a Price Estimate of $171,536 and a Rent Estimate of $1,057. This single family home has 3 bedrooms,2 bathrooms, and was built in 1956. This property has an estimated 15 year annualized Yield of 7.39% and Total Return of 14.12%. The estimated 1 year forecast in home value for 1005 Mulberry St is 2.52%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , CEDAR County , or the 52772 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
