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This page contains information about each property aggregated from public data sources, 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.

128 S Locust St Bennett, IA 52721

3 Beds 2 Baths 1,608 sqft Built 1976
Last updated:  Jan 23, 2020

INVESTimate

$418,491

$391K - $446K

Price Est.

$1,236

$1.1K - $1.4K

Rent Est.

$431,715  ( +3.16%)   1 YR EST. FORECAST

128 S Locust St PROPERTY INFO

FACTS
  • Built In 1976
  • Price/Sqft : $260.26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,608 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
128 S Locust St, Bennett, IA 52721 is a single family home of 1,608 sqft. HomeUnion estimate for 128 S Locust St includes a Price Estimate of $418,491 and a Rent Estimate of $1,236. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1976. This property has an estimated 15 year annualized Yield of 3.54% and Total Return of 9.85%. The estimated 1 year forecast in home value for 128 S Locust St is 3.16%.
  
  
  

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128 S Locust St SCHOOLS

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Financial Details

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Neighborhood

BENNETT

  • 757

    POPULATION
  • 302

    HOUSEHOLDS
  • 62.5%

    WHITE COLLAR

Neighborhood : BENNETT

HOUSEHOLDS
302
POPULATION

757

12.4%Renters
87.6%Home Owners
LABOR FORCE

 

62.5%White Collar
37.5%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 $1,236 per month.

MY RENT : $1,236 MEDIAN RENT : $1,003

Rent % Distribution LEVEL
$500-699 3.0%
$700-899 30.9%
$900-999 15.7%
$1,000-1,499 45.8%
>=$1,500 4.7%
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 $1,236 would therefore be considered affordable for annual household incomes greater than $49,440 (12 months x 3.333 x $1,236).

Rent % Affordability
Above $500 90.2%
Above $700 85.1%
Above $1,100 72.9%
Above $1,500 58.4%
Above $1,900 42.3%
HOUSEHOLD INCOME RANGE

Approximately 189 of households in this neighborhood have a total annual income of $49,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,236 per month.

MINIMUM INCOME RANGE : $49,440

Income % Distribution
<$20K 9.8%
$20K-$35K 11.1%
$35K-$60K 20.7%
$60K-$100K 30.5%
>=$100K 27.9%
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.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 3.7%
10-14 mins 14.7%
15-19 mins 16.2%
20-29 mins 16.0%
30-44 mins 27.5%
45-59 mins 13.6%
>60 mins 5.5%
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 $1,236 per month.

MY RENT : $1,236 MEDIAN RENT : $1,003

Rent % Distribution
$500-699 3.0%
$700-899 30.9%
$900-999 15.7%
$1,000-1,499 45.8%
>=$1,500 4.7%
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 $1,236 would therefore be considered affordable for annual household incomes greater than $49,440 (12 months x 3.333 x $1,236).

Rent % Affordability
Above $500 90.2%
Above $700 85.1%
Above $1,100 72.9%
Above $1,500 58.4%
Above $1,900 42.3%
HOUSEHOLD INCOME RANGE

Approximately 189 of households in this neighborhood have a total annual income of $49,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,236 per month.

MINIMUM INCOME RANGE : $49,440

Income % Distribution
<$20K 9.8%
$20K-$35K 11.1%
$35K-$60K 20.7%
$60K-$100K 30.5%
>=$100K 27.9%
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.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 3.7%
10-14 mins 14.7%
15-19 mins 16.2%
20-29 mins 16.0%
30-44 mins 27.5%
45-59 mins 13.6%
>60 mins 5.5%

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%

128 S Locust St Comps

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