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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.

205 Ridgewood Dr Le Mars, IA 51031

4 Beds 3 Baths 2,200 sqft Built 0
Last updated:  Jan 23, 2020

INVESTimate

$261,790

$249K - $275K

Price Est.

$800

700 - 900

Rent Est.

$80,874

Investment Est.

$277,052  ( +5.83%)   1 YR EST. FORECAST

205 Ridgewood Dr PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $119.00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 3 Full
PROPERTY DESCRIPTION
205 Ridgewood Dr, Le Mars, IA 51031 is a single family home of 2,200 sqft. HomeUnion estimate for 205 Ridgewood Dr includes a Price Estimate of $261,790 and a Rent Estimate of $800. This single family home has 4 bedrooms, 3 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 3.67% and Total Return of 11.14%. The estimated 1 year forecast in home value for 205 Ridgewood Dr is 5.83%.

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205 Ridgewood Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LE MARS HIGH SCHOOL High Regular 655 42 8

LE MARS HIGH SCHOOL

  • Education Level: High
  • # of students: 655
  • # of teachers: 42
8
GreatSchools Rating
 

Financial Details

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Neighborhood

LE MARS

  • 12,088

    POPULATION

  • 5,024

    HOUSEHOLDS

  • 54.6%

    WHITE COLLAR

Neighborhood : LE MARS

HOUSEHOLDS
5,024
POPULATION

12,088

24.8%Renters
75.2%Home Owners
LABOR FORCE

 

54.6%White Collar
45.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 41% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $800 per month.

MY RENT : $800 MEDIAN RENT : $774

Rent % Distribution LEVEL
$500-699 19.3%
$700-899 79.2%
$900-999 1.0%
$1,000-1,499 0.5%
>=$1,500 0.0%
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 $800 would therefore be considered affordable for annual household incomes greater than $32,000 (12 months x 3.333 x $800).

Rent % Affordability
Above $500 86.4%
Above $700 80.3%
Above $1,100 64.5%
Above $1,500 50.1%
Above $1,900 38.3%
HOUSEHOLD INCOME RANGE

Approximately 9,789 of households in this neighborhood have a total annual income of $32,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $800 per month.

MINIMUM INCOME RANGE : $32,000

Income % Distribution
<$20K 13.6%
$20K-$35K 13.4%
$35K-$60K 22.8%
$60K-$100K 26.8%
>=$100K 23.3%
COMMUTE TIME DISTRIBUTION

29% of the working population has a commute time of 15 to 44 minutes, 67% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.5%
5-9 mins 42.5%
10-14 mins 16.2%
15-19 mins 8.8%
20-29 mins 7.7%
30-44 mins 12.3%
45-59 mins 2.5%
>60 mins 1.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 41% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $800 per month.

MY RENT : $800 MEDIAN RENT : $774

Rent % Distribution
$500-699 19.3%
$700-899 79.2%
$900-999 1.0%
$1,000-1,499 0.5%
>=$1,500 0.0%
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 $800 would therefore be considered affordable for annual household incomes greater than $32,000 (12 months x 3.333 x $800).

Rent % Affordability
Above $500 86.4%
Above $700 80.3%
Above $1,100 64.5%
Above $1,500 50.1%
Above $1,900 38.3%
HOUSEHOLD INCOME RANGE

Approximately 9,789 of households in this neighborhood have a total annual income of $32,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $800 per month.

MINIMUM INCOME RANGE : $32,000

Income % Distribution
<$20K 13.6%
$20K-$35K 13.4%
$35K-$60K 22.8%
$60K-$100K 26.8%
>=$100K 23.3%
COMMUTE TIME DISTRIBUTION

29% of the working population has a commute time of 15 to 44 minutes, 67% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.5%
5-9 mins 42.5%
10-14 mins 16.2%
15-19 mins 8.8%
20-29 mins 7.7%
30-44 mins 12.3%
45-59 mins 2.5%
>60 mins 1.7%
LE MARS Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 7.3%
Educational Services 7.7%
Health Care & Social Assistance 12.8%
Manufacturing 22.3%
Retail & Wholesale Trader 15.8%
Transportation 6.0%
Other 28.1%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 4.4%
Healthcare 5.7%
Management, Business, & Financial 13.7%
Natural Resources Maintenance 13.8%
Production & Transportation 20.3%
Sales & Office 26.4%
Other 15.7%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 19.7%
15-19 7.3%
20-24 6.3%
25-44 22.2%
45-65 27.0%
66+ 17.4%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 12.7%
High School 33.3%
Masters Degree 3.8%
Some College 25.6%
Some High School 7.9%
Other 16.7%

LE MARS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.3%
Educational Services 7.7%
Health Care & Social Assistance 12.8%
Manufacturing 22.3%
Retail & Wholesale Trader 15.8%
Transportation 6.0%
Other 28.1%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 19.7%
15-19 7.3%
20-24 6.3%
25-44 22.2%
45-65 27.0%
66+ 17.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.4%
Healthcare 5.7%
Management, Business, & Financial 13.7%
Natural Resources Maintenance 13.8%
Production & Transportation 20.3%
Sales & Office 26.4%
Other 15.7%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.7%
High School 33.3%
Masters Degree 3.8%
Some College 25.6%
Some High School 7.9%
Other 16.7%

205 Ridgewood Dr Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , PLYMOUTH County , or the 51031 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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