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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

2238 Albert St May City, IA 51354

3 Beds 2 Baths 1,308 sqft Built 1895
Last updated:  Dec 26, 2019

INVESTimate

$57,265

$53.3K - $61.2K

Price Est.

$618

540 - 696

Rent Est.

$57,265  ( 0%)   1 YR EST. FORECAST
  
  
  

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2238 Albert St PROPERTY INFO

FACTS
  • Built In 1895
  • Price/Sqft : $43.78
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,308 sqft
  • Baths : 1 Full 1 Half

2238 Albert St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HARTLEY-MELVIN-SANBORN ELEMENTARY SCHOOL Primary Regular 243 20 6
HARTLEY-MELVIN-SANBORN HIGH SCHOOL High Regular 219 16 7

HARTLEY-MELVIN-SANBORN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 243
  • # of teachers: 20
6
GreatSchools Rating

HARTLEY-MELVIN-SANBORN HIGH SCHOOL

  • Education Level: High
  • # of students: 219
  • # of teachers: 16
7
GreatSchools Rating
 

Financial Details

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Neighborhood

OCHEYEDAN

  • 1,012

    POPULATION
  • 436

    HOUSEHOLDS
  • 46.7%

    WHITE COLLAR

Neighborhood : OCHEYEDAN

HOUSEHOLDS
436
POPULATION

1,012

15.8%Renters
84.2%Home Owners
LABOR FORCE

 

46.7%White Collar
53.3%Blue Collar
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 $618 per month.

MY RENT : $618 MEDIAN RENT : $659

Rent % Distribution LEVEL
$500-699 79.5%
$700-899 20.5%
$900-999 0.0%
$1,000-1,499 0.0%
>=$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 $618 would therefore be considered affordable for annual household incomes greater than $24,720 (12 months x 3.333 x $618).

Rent % Affordability
Above $500 87.0%
Above $700 75.1%
Above $1,100 59.0%
Above $1,500 47.5%
Above $1,900 27.2%
HOUSEHOLD INCOME RANGE

Approximately 1,121 of households in this neighborhood have a total annual income of $24,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $618 per month.

MINIMUM INCOME RANGE : $24,720

Income % Distribution
<$20K 13.0%
$20K-$35K 20.2%
$35K-$60K 19.3%
$60K-$100K 32.7%
>=$100K 14.8%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.2%
5-9 mins 16.4%
10-14 mins 6.1%
15-19 mins 11.7%
20-29 mins 28.1%
30-44 mins 20.7%
45-59 mins 1.7%
>60 mins 3.1%
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 $618 per month.

MY RENT : $618 MEDIAN RENT : $659

Rent % Distribution
$500-699 79.5%
$700-899 20.5%
$900-999 0.0%
$1,000-1,499 0.0%
>=$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 $618 would therefore be considered affordable for annual household incomes greater than $24,720 (12 months x 3.333 x $618).

Rent % Affordability
Above $500 87.0%
Above $700 75.1%
Above $1,100 59.0%
Above $1,500 47.5%
Above $1,900 27.2%
HOUSEHOLD INCOME RANGE

Approximately 1,121 of households in this neighborhood have a total annual income of $24,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $618 per month.

MINIMUM INCOME RANGE : $24,720

Income % Distribution
<$20K 13.0%
$20K-$35K 20.2%
$35K-$60K 19.3%
$60K-$100K 32.7%
>=$100K 14.8%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.2%
5-9 mins 16.4%
10-14 mins 6.1%
15-19 mins 11.7%
20-29 mins 28.1%
30-44 mins 20.7%
45-59 mins 1.7%
>60 mins 3.1%

OCHEYEDAN Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.8%
Agriculture, Fishing & Game 25.0%
Construction 6.3%
Health Care & Social Assistance 13.6%
Manufacturing 8.4%
Retail & Wholesale Trader 16.0%
Other 23.9%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 28% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 20.0%
15-19 5.3%
20-24 2.5%
25-44 21.8%
45-65 32.4%
66+ 18.0%
OCCUPATION

Occupation % Distribution
Clean 4.5%
Management, Business, & Financial 19.6%
Natural Resources Maintenance 21.2%
PCare 7.2%
Production & Transportation 19.1%
Sales & Office 17.5%
Other 10.9%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 18.3%
High School 39.1%
Masters Degree 1.2%
Some College 18.8%
Some High School 11.9%
Other 10.7%

2238 Albert St Comps

Sorry, we do not have sufficient data available.

2238 Albert St, May City, IA 51354 is a single family home of 1,308 sqft. HomeUnion INVESTimateĀ® for 2238 Albert St includes a Price Estimate of $57,265 and a Rent Estimate of $618. This single family home has 3 bedrooms,2 bathrooms, and was built in 1895. This property has an estimated 15 year annualized Yield of 12.95% and Total Return of 20.42%. The estimated 1 year forecast in home value for 2238 Albert St is 0%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , OSCEOLA County , or the 51354 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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