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13594 240th Ave PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $139.22
CONSTRUCTION
- Beds : 5
- Floor Size : 5,547 sqft
- Baths : 4 Full 1 Half
13594 240th Ave SCHOOLS
Financial Details
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SPIRIT LAKE
Neighborhood : SPIRIT LAKE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,018 per month.
MY RENT : $1,018 MEDIAN RENT : $1,073
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 $1,018 would therefore be considered affordable for annual household incomes greater than $40,720 (12 months x 3.333 x $1,018).
HOUSEHOLD INCOME RANGE
Approximately 2,279 of households in this neighborhood have a total annual income of $40,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,018 per month.
MINIMUM INCOME RANGE : $40,720
COMMUTE TIME DISTRIBUTION
32% of the working population has a commute time of 15 to 44 minutes, 64% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.
SPIRIT LAKE Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 6.0% |
| Construction | 10.7% |
| Educational Services | 6.5% |
| Health Care & Social Assistance | 19.8% |
| Manufacturing | 17.0% |
| Retail & Wholesale Trader | 12.6% |
| Other | 27.4% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 22% is 24 or younger and 26% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 13.9% |
| 15-19 | 4.5% |
| 20-24 | 3.7% |
| 25-44 | 19.9% |
| 45-65 | 32.0% |
| 66+ | 26.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 5.1% |
| Healthcare | 9.7% |
| Management, Business, & Financial | 19.4% |
| Natural Resources Maintenance | 11.8% |
| Production & Transportation | 18.0% |
| Sales & Office | 17.3% |
| Other | 18.7% |
HIGHEST EDUCATION LEVEL
24% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 13.6% |
| High School | 26.5% |
| Masters Degree | 6.5% |
| Some College | 24.0% |
| Some High School | 3.3% |
| Other | 26.1% |
13594 240th Ave Comps
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13594 240th Ave, Spirit Lake, IA 51360 is a single family home of 5,547 sqft. HomeUnion INVESTimateĀ® for 13594 240th Ave includes a Price Estimate of $772,251 and a Rent Estimate of $1,018. This single family home has 5 bedrooms,5 bathrooms, and was built in 2017. This property has an estimated 15 year annualized Yield of 1.58% and Total Return of 4.38%. The estimated 1 year forecast in home value for 13594 240th Ave is 3.39%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , DICKINSON County , or the 51360 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
