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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

2240 Erwin St May City, IA 51354

2 Beds 2 Baths 1,212 sqft Built 1959
Last updated:  Jan 23, 2020

INVESTimate

$42,882

$39.9K - $45.9K

Price Est.

$615

538 - 692

Rent Est.

$42,882  ( 0%)   1 YR EST. FORECAST
  
  
  

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2240 Erwin St PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $35.38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,212 sqft
  • Baths : 1 Full 1 Half

2240 Erwin 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 MIDDLE SCHOOL Middle Regular 184 13 5
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 MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 184
  • # of teachers: 13
5
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 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $615 per month.

MY RENT : $615 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 $615 would therefore be considered affordable for annual household incomes greater than $24,600 (12 months x 3.333 x $615).

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 $24,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $615 per month.

MINIMUM INCOME RANGE : $24,600

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 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $615 per month.

MY RENT : $615 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 $615 would therefore be considered affordable for annual household incomes greater than $24,600 (12 months x 3.333 x $615).

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 $24,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $615 per month.

MINIMUM INCOME RANGE : $24,600

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%

2240 Erwin St Comps

Sorry, we do not have sufficient data available.

2240 Erwin St, May City, IA 51354 is a single family home of 1,212 sqft. HomeUnion INVESTimateĀ® for 2240 Erwin St includes a Price Estimate of $42,882 and a Rent Estimate of $615. This single family home has 2 bedrooms,2 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 17.21% and Total Return of 22.80%. The estimated 1 year forecast in home value for 2240 Erwin 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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