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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

1243 S Oleander Ln Fayetteville, AR 72704

3 Beds 2 Baths 1,018 sqft Built 1999
Last updated:  Jul 30, 2018

INVESTimate

$143,726

$136K - $152K

Price Est.

$1,038

975 - $1.1K

Rent Est.

$151,990  ( +5.75%)   1 YR EST. FORECAST
  
  
  

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1243 S Oleander Ln PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $141.18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,018 sqft
  • Baths : 2 Full

1243 S Oleander Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
OWL CREEK SCHOOL Primary Regular 705 52 5
RAMAY JUNIOR HIGH SCHOOL Middle Regular 618 51 7
RAMAY JUNIOR HIGH SCHOOL High Regular 618 51 7

OWL CREEK SCHOOL

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 52
5
GreatSchools Rating

RAMAY JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 618
  • # of teachers: 51
7
GreatSchools Rating

RAMAY JUNIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 618
  • # of teachers: 51
7
GreatSchools Rating
 

Financial Details

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Neighborhood

West 62

  • 1,218

    POPULATION
  • 540

    HOUSEHOLDS
  • 63.4%

    WHITE COLLAR

Neighborhood : West 62

HOUSEHOLDS
540
POPULATION

1,218

61.2%Renters
38.8%Home Owners
LABOR FORCE

 

63.4%White Collar
36.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,038 per month.

MY RENT : $1,038 MEDIAN RENT : $1,046

Rent % Distribution LEVEL
$500-699 1.8%
$700-899 12.5%
$900-999 11.8%
$1,000-1,499 61.2%
>=$1,500 12.8%
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 $1,038 would therefore be considered affordable for annual household incomes greater than $41,520 (12 months x 3.333 x $1,038).

Rent % Affordability
Above $500 75.7%
Above $700 64.1%
Above $1,100 45.2%
Above $1,500 25.2%
Above $1,900 16.6%
HOUSEHOLD INCOME RANGE

Approximately 185 of households in this neighborhood have a total annual income of $41,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,038 per month.

MINIMUM INCOME RANGE : $41,520

Income % Distribution
<$20K 24.3%
$20K-$35K 21.0%
$35K-$60K 29.5%
$60K-$100K 14.5%
>=$100K 10.8%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.8%
5-9 mins 10.3%
10-14 mins 18.0%
15-19 mins 29.6%
20-29 mins 18.9%
30-44 mins 13.5%
45-59 mins 3.0%
>60 mins 4.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,038 per month.

MY RENT : $1,038 MEDIAN RENT : $1,046

Rent % Distribution
$500-699 1.8%
$700-899 12.5%
$900-999 11.8%
$1,000-1,499 61.2%
>=$1,500 12.8%
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 $1,038 would therefore be considered affordable for annual household incomes greater than $41,520 (12 months x 3.333 x $1,038).

Rent % Affordability
Above $500 75.7%
Above $700 64.1%
Above $1,100 45.2%
Above $1,500 25.2%
Above $1,900 16.6%
HOUSEHOLD INCOME RANGE

Approximately 185 of households in this neighborhood have a total annual income of $41,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,038 per month.

MINIMUM INCOME RANGE : $41,520

Income % Distribution
<$20K 24.3%
$20K-$35K 21.0%
$35K-$60K 29.5%
$60K-$100K 14.5%
>=$100K 10.8%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.8%
5-9 mins 10.3%
10-14 mins 18.0%
15-19 mins 29.6%
20-29 mins 18.9%
30-44 mins 13.5%
45-59 mins 3.0%
>60 mins 4.0%

West 62 Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.1%
Construction 9.2%
Educational Services 18.2%
Health Care & Social Assistance 16.3%
Manufacturing 10.1%
Retail & Wholesale Trader 14.9%
Other 23.3%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 44% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 18.0%
15-19 4.6%
20-24 21.3%
25-44 32.1%
45-65 16.2%
66+ 7.8%
OCCUPATION

Occupation % Distribution
Construction 5.2%
Healthcare 12.9%
Management, Business, & Financial 10.0%
Natural Resources Maintenance 11.2%
Production & Transportation 16.0%
Sales & Office 26.9%
Other 17.9%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.7%
High School 25.2%
Masters Degree 8.8%
Some College 22.8%
Some High School 12.1%
Other 22.4%

1243 S Oleander Ln Comps

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1243 S Oleander Ln, Fayetteville, AR 72704 is a single family home of 1,018 sqft. HomeUnion INVESTimate® for 1243 S Oleander Ln includes a Price Estimate of $143,726 and a Rent Estimate of $1,038. This single family home has 3 bedrooms,2 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 8.67% and Total Return of 21.75%. The estimated 1 year forecast in home value for 1243 S Oleander Ln is 5.75%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AR, WASHINGTON County, or the 72704 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2