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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

2408 Road M36 Manilla, IA 51454

3 Beds 2 Baths 1,509 sqft Built 1900
Last updated:  Jan 23, 2020

INVESTimate

$243,923

$223K - $265K

Price Est.

$1,074

939 - $1.2K

Rent Est.

$242,484  ( -0.59%)   1 YR EST. FORECAST
  
  
  

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2408 Road M36 PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $161.65
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,509 sqft
  • Baths : 2 Full

2408 Road M36 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
IRWIN ELEMENTARY SCHOOL Primary Regular 103 8 9
IKM- MANNING COMMUNITY SCHOOLS Middle Regular 221 17 6
MANNING HIGH SCHOOL High Regular 240 16 NA

IRWIN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 103
  • # of teachers: 8
9
GreatSchools Rating

IKM- MANNING COMMUNITY SCHOOLS

  • Education Level: Middle
  • # of students: 221
  • # of teachers: 17
6
GreatSchools Rating

MANNING HIGH SCHOOL

  • Education Level: High
  • # of students: 240
  • # of teachers: 16
0
GreatSchools Rating
 

Financial Details

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Neighborhood

MANILLA

  • 1,477

    POPULATION
  • 598

    HOUSEHOLDS
  • 51.6%

    WHITE COLLAR

Neighborhood : MANILLA

HOUSEHOLDS
598
POPULATION

1,477

26.0%Renters
74.0%Home Owners
LABOR FORCE

 

51.6%White Collar
48.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,074 per month.

MY RENT : $1,074 MEDIAN RENT : $777

Rent % Distribution LEVEL
$500-699 36.3%
$700-899 26.4%
$900-999 13.0%
$1,000-1,499 21.7%
>=$1,500 2.7%
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 $1,074 would therefore be considered affordable for annual household incomes greater than $42,960 (12 months x 3.333 x $1,074).

Rent % Affordability
Above $500 83.8%
Above $700 70.5%
Above $1,100 53.5%
Above $1,500 40.7%
Above $1,900 31.3%
HOUSEHOLD INCOME RANGE

Approximately 281 of households in this neighborhood have a total annual income of $42,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,074 per month.

MINIMUM INCOME RANGE : $42,960

Income % Distribution
<$20K 16.2%
$20K-$35K 21.3%
$35K-$60K 21.8%
$60K-$100K 26.2%
>=$100K 14.5%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 29% 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 10.0%
5-9 mins 7.5%
10-14 mins 11.7%
15-19 mins 15.0%
20-29 mins 28.9%
30-44 mins 22.2%
45-59 mins 2.7%
>60 mins 2.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,074 per month.

MY RENT : $1,074 MEDIAN RENT : $777

Rent % Distribution
$500-699 36.3%
$700-899 26.4%
$900-999 13.0%
$1,000-1,499 21.7%
>=$1,500 2.7%
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 $1,074 would therefore be considered affordable for annual household incomes greater than $42,960 (12 months x 3.333 x $1,074).

Rent % Affordability
Above $500 83.8%
Above $700 70.5%
Above $1,100 53.5%
Above $1,500 40.7%
Above $1,900 31.3%
HOUSEHOLD INCOME RANGE

Approximately 281 of households in this neighborhood have a total annual income of $42,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,074 per month.

MINIMUM INCOME RANGE : $42,960

Income % Distribution
<$20K 16.2%
$20K-$35K 21.3%
$35K-$60K 21.8%
$60K-$100K 26.2%
>=$100K 14.5%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 29% 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 10.0%
5-9 mins 7.5%
10-14 mins 11.7%
15-19 mins 15.0%
20-29 mins 28.9%
30-44 mins 22.2%
45-59 mins 2.7%
>60 mins 2.0%

MANILLA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 10.7%
Construction 8.3%
Educational Services 7.4%
Health Care & Social Assistance 19.3%
Manufacturing 12.6%
Retail & Wholesale Trader 18.6%
Other 22.9%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 30% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 20.4%
15-19 5.8%
20-24 4.1%
25-44 22.6%
45-65 26.1%
66+ 20.9%
OCCUPATION

Occupation % Distribution
Construction 6.2%
Healthcare 8.9%
Management, Business, & Financial 16.5%
Natural Resources Maintenance 17.1%
Production & Transportation 23.7%
Sales & Office 18.5%
Other 9.1%
HIGHEST EDUCATION LEVEL

15% 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 40.5%
Masters Degree 2.6%
Some College 25.9%
Some High School 7.2%
Other 11.2%

2408 Road M36 Comps

Sorry, we do not have sufficient data available.

2408 Road M36, Manilla, IA 51454 is a single family home of 1,509 sqft. HomeUnion INVESTimateĀ® for 2408 Road M36 includes a Price Estimate of $243,923 and a Rent Estimate of $1,074. This single family home has 3 bedrooms,2 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 5.28% and Total Return of 8.29%. The estimated 1 year forecast in home value for 2408 Road M36 is -0.59%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , SHELBY County , or the 51454 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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