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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

28697 Forest Rdg Moravia, IA 52571

3 Beds 0 Baths 2,500 sqft Built 2010
Last updated:  Jan 23, 2020

INVESTimate

$382,271

$358K - $407K

Price Est.

$1,198

$1.0K - $1.4K

Rent Est.

$359,297  ( -6.01%)   1 YR EST. FORECAST
  
  
  

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28697 Forest Rdg PROPERTY INFO

FACTS
  • Built In 2010
  • Price/Sqft : $152.91
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,500 sqft
  • Baths : 0 Full

28697 Forest Rdg SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MOULTON ELEMENTARY SCHOOL Primary Regular 123 10 3
MOULTON-UDELL HIGH SCHOOL Middle Regular 100 11 6
MOULTON-UDELL HIGH SCHOOL High Regular 100 11 6

MOULTON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 123
  • # of teachers: 10
3
GreatSchools Rating

MOULTON-UDELL HIGH SCHOOL

  • Education Level: Middle
  • # of students: 100
  • # of teachers: 11
6
GreatSchools Rating

MOULTON-UDELL HIGH SCHOOL

  • Education Level: High
  • # of students: 100
  • # of teachers: 11
6
GreatSchools Rating
 

Financial Details

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Neighborhood

MORAVIA

  • 1,413

    POPULATION
  • 589

    HOUSEHOLDS
  • 48.6%

    WHITE COLLAR

Neighborhood : MORAVIA

HOUSEHOLDS
589
POPULATION

1,413

17.0%Renters
83.0%Home Owners
LABOR FORCE

 

48.6%White Collar
51.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,198 per month.

MY RENT : $1,198 MEDIAN RENT : $803

Rent % Distribution LEVEL
$500-699 10.8%
$700-899 53.7%
$900-999 10.7%
$1,000-1,499 22.2%
>=$1,500 2.6%
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 $1,198 would therefore be considered affordable for annual household incomes greater than $47,920 (12 months x 3.333 x $1,198).

Rent % Affordability
Above $500 88.6%
Above $700 79.9%
Above $1,100 52.4%
Above $1,500 35.9%
Above $1,900 21.5%
HOUSEHOLD INCOME RANGE

Approximately 250 of households in this neighborhood have a total annual income of $47,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,198 per month.

MINIMUM INCOME RANGE : $47,920

Income % Distribution
<$20K 11.4%
$20K-$35K 19.6%
$35K-$60K 33.0%
$60K-$100K 22.8%
>=$100K 13.1%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 13.7%
5-9 mins 8.2%
10-14 mins 13.7%
15-19 mins 20.3%
20-29 mins 14.2%
30-44 mins 14.3%
45-59 mins 5.8%
>60 mins 9.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,198 per month.

MY RENT : $1,198 MEDIAN RENT : $803

Rent % Distribution
$500-699 10.8%
$700-899 53.7%
$900-999 10.7%
$1,000-1,499 22.2%
>=$1,500 2.6%
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 $1,198 would therefore be considered affordable for annual household incomes greater than $47,920 (12 months x 3.333 x $1,198).

Rent % Affordability
Above $500 88.6%
Above $700 79.9%
Above $1,100 52.4%
Above $1,500 35.9%
Above $1,900 21.5%
HOUSEHOLD INCOME RANGE

Approximately 250 of households in this neighborhood have a total annual income of $47,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,198 per month.

MINIMUM INCOME RANGE : $47,920

Income % Distribution
<$20K 11.4%
$20K-$35K 19.6%
$35K-$60K 33.0%
$60K-$100K 22.8%
>=$100K 13.1%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 13.7%
5-9 mins 8.2%
10-14 mins 13.7%
15-19 mins 20.3%
20-29 mins 14.2%
30-44 mins 14.3%
45-59 mins 5.8%
>60 mins 9.9%

MORAVIA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.7%
Educational Services 6.5%
Health Care & Social Assistance 10.1%
Manufacturing 20.8%
Retail & Wholesale Trader 12.4%
Transportation 8.6%
Other 34.8%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 28% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 15.5%
15-19 6.2%
20-24 6.5%
25-44 19.8%
45-65 28.1%
66+ 23.8%
OCCUPATION

Occupation % Distribution
Healthcare 5.4%
Management, Business, & Financial 14.8%
Natural Resources Maintenance 13.3%
PCare 4.7%
Production & Transportation 24.7%
Sales & Office 22.7%
Other 14.4%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.6%
High School 44.2%
Masters Degree 3.1%
Some College 20.0%
Some High School 7.2%
Other 14.0%

28697 Forest Rdg Comps

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28697 Forest Rdg, Moravia, IA 52571 is a single family home of 2,500 sqft. HomeUnion INVESTimate¬ģ for 28697 Forest Rdg includes a Price Estimate of $382,271 and a Rent Estimate of $1,198. This single family home has 3 bedrooms,0 bathrooms, and was built in 2010. This property has an estimated 15 year annualized Yield of 3.76% and Total Return of -7.37%. The estimated 1 year forecast in home value for 28697 Forest Rdg is -6.01%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , APPANOOSE County , or the 52571 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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