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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

2997 Redwood Ave Sanborn, IA 51248

4 Beds 1 Baths 1,790 sqft Built 1900
Last updated:  Jan 23, 2020

INVESTimate

$131,365

$120K - $143K

Price Est.

$894

782 - $1.0K

Rent Est.

$138,340  ( +5.31%)   1 YR EST. FORECAST
  
  
  

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2997 Redwood Ave PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $73.39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,790 sqft
  • Baths : 1 Full

2997 Redwood Ave 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

SANBORN

  • 1,829

    POPULATION
  • 787

    HOUSEHOLDS
  • 58.4%

    WHITE COLLAR

Neighborhood : SANBORN

HOUSEHOLDS
787
POPULATION

1,829

19.2%Renters
80.8%Home Owners
LABOR FORCE

 

58.4%White Collar
41.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $894 per month.

MY RENT : $894 MEDIAN RENT : $970

Rent % Distribution LEVEL
$500-699 1.8%
$700-899 36.5%
$900-999 17.1%
$1,000-1,499 41.5%
>=$1,500 3.1%
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 $894 would therefore be considered affordable for annual household incomes greater than $35,760 (12 months x 3.333 x $894).

Rent % Affordability
Above $500 83.1%
Above $700 76.4%
Above $1,100 64.8%
Above $1,500 50.1%
Above $1,900 37.0%
HOUSEHOLD INCOME RANGE

Approximately 465 of households in this neighborhood have a total annual income of $35,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $894 per month.

MINIMUM INCOME RANGE : $35,760

Income % Distribution
<$20K 16.9%
$20K-$35K 9.2%
$35K-$60K 23.7%
$60K-$100K 35.8%
>=$100K 14.2%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 55% 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 17.8%
5-9 mins 19.6%
10-14 mins 17.2%
15-19 mins 16.1%
20-29 mins 13.2%
30-44 mins 12.3%
45-59 mins 0.0%
>60 mins 3.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $894 per month.

MY RENT : $894 MEDIAN RENT : $970

Rent % Distribution
$500-699 1.8%
$700-899 36.5%
$900-999 17.1%
$1,000-1,499 41.5%
>=$1,500 3.1%
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 $894 would therefore be considered affordable for annual household incomes greater than $35,760 (12 months x 3.333 x $894).

Rent % Affordability
Above $500 83.1%
Above $700 76.4%
Above $1,100 64.8%
Above $1,500 50.1%
Above $1,900 37.0%
HOUSEHOLD INCOME RANGE

Approximately 465 of households in this neighborhood have a total annual income of $35,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $894 per month.

MINIMUM INCOME RANGE : $35,760

Income % Distribution
<$20K 16.9%
$20K-$35K 9.2%
$35K-$60K 23.7%
$60K-$100K 35.8%
>=$100K 14.2%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 55% 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 17.8%
5-9 mins 19.6%
10-14 mins 17.2%
15-19 mins 16.1%
20-29 mins 13.2%
30-44 mins 12.3%
45-59 mins 0.0%
>60 mins 3.8%

SANBORN Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 10.0%
Construction 5.3%
Educational Services 5.3%
Health Care & Social Assistance 18.6%
Manufacturing 17.9%
Retail & Wholesale Trader 12.4%
Other 30.4%
AGE DISTRIBUTION

43% of the population is between the ages of 25 and 64, 32% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 18.9%
15-19 7.2%
20-24 6.0%
25-44 16.8%
45-65 26.2%
66+ 24.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.8%
Healthcare 7.2%
Management, Business, & Financial 18.7%
Natural Resources Maintenance 16.6%
Production & Transportation 18.3%
Sales & Office 17.9%
Other 12.5%
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 12.6%
High School 37.8%
Masters Degree 1.9%
Some College 22.6%
Some High School 10.3%
Other 14.8%

2997 Redwood Ave Comps

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2997 Redwood Ave, Sanborn, IA 51248 is a single family home of 1,790 sqft. HomeUnion INVESTimateĀ® for 2997 Redwood Ave includes a Price Estimate of $131,365 and a Rent Estimate of $894. This single family home has 4 bedrooms,1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 8.17% and Total Return of 20.37%. The estimated 1 year forecast in home value for 2997 Redwood Ave is 5.31%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , OBRIEN County , or the 51248 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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