INVESTimate
$46,049
Financial Details123 Willow St PROPERTY INFO
FACTS
- Built In 1946
- Price/Sqft : $56.68
CONSTRUCTION
- Beds : 5
- Floor Size : 2,300 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
123 Willow St, Bennett, IA 52721 is a single family home of 2,300 sqft. HomeUnion estimate for 123 Willow St includes a Price Estimate of $130,372 and a Rent Estimate of $1,125. This single family home has 5 bedrooms, 1 bathrooms, and was built in 1946. This property has an estimated 15 year annualized Yield of 10.35% and Total Return of 21.00%. The estimated 1 year forecast in home value for 123 Willow St is 3.16%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
123 Willow St SCHOOLS
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Financial Details
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BENNETT
Neighborhood : BENNETT
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,125 per month.
MY RENT : $1,125 MEDIAN RENT : $1,032
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 $1,125 would therefore be considered affordable for annual household incomes greater than $45,000 (12 months x 3.333 x $1,125).
HOUSEHOLD INCOME RANGE
Approximately 194 of households in this neighborhood have a total annual income of $45,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,125 per month.
MINIMUM INCOME RANGE : $45,000
COMMUTE TIME DISTRIBUTION
60% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.
BENNETT Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 8.1% |
| Construction | 10.8% |
| Health Care & Social Assistance | 14.4% |
| Manufacturing | 17.1% |
| Public Administration | 6.6% |
| Retail & Wholesale Trader | 18.3% |
| Other | 24.7% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 34% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 20.6% |
| 15-19 | 5.3% |
| 20-24 | 7.8% |
| 25-44 | 25.2% |
| 45-65 | 24.4% |
| 66+ | 16.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 4.8% |
| Healthcare | 6.5% |
| Management, Business, & Financial | 28.0% |
| Natural Resources Maintenance | 19.1% |
| Production & Transportation | 14.7% |
| Sales & Office | 17.1% |
| Other | 9.9% |
HIGHEST EDUCATION LEVEL
23% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 15.9% |
| High School | 39.6% |
| Masters Degree | 6.8% |
| Some College | 18.7% |
| Some High School | 4.8% |
| Other | 14.1% |
123 Willow St Comps
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