INVESTimate
$28,442
Financial Details304 3rd St PROPERTY INFO
FACTS
- Built In 1945
- Price/Sqft : $40.57
CONSTRUCTION
- Beds : 2
- Floor Size : 1,576 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
304 3rd St, Steamboat Rock, IA 50672 is a single family home of 1,576 sqft. HomeUnion estimate for 304 3rd St includes a Price Estimate of $63,931 and a Rent Estimate of $725. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1945. This property has an estimated 15 year annualized Yield of 13.61% and Total Return of 20.94%. The estimated 1 year forecast in home value for 304 3rd St is 2.82%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
304 3rd St SCHOOLS
Financial Details
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STEAMBOAT ROCK
Neighborhood : STEAMBOAT ROCK
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $725 per month.
MY RENT : $725 MEDIAN RENT : $847
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 $725 would therefore be considered affordable for annual household incomes greater than $29,000 (12 months x 3.333 x $725).
HOUSEHOLD INCOME RANGE
Approximately 622 of households in this neighborhood have a total annual income of $29,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $725 per month.
MINIMUM INCOME RANGE : $29,000
COMMUTE TIME DISTRIBUTION
55% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
STEAMBOAT ROCK Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 18.2% |
| Construction | 8.3% |
| Educational Services | 8.6% |
| Health Care & Social Assistance | 10.4% |
| Public Administration | 8.3% |
| Retail & Wholesale Trader | 20.8% |
| Other | 25.3% |
AGE DISTRIBUTION
60% of the population is between the ages of 25 and 64, 21% is 24 or younger and 19% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 11.5% |
| 15-19 | 6.6% |
| 20-24 | 2.9% |
| 25-44 | 20.6% |
| 45-65 | 39.9% |
| 66+ | 18.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 5.9% |
| Healthcare | 11.2% |
| Management, Business, & Financial | 29.0% |
| Natural Resources Maintenance | 10.0% |
| Production & Transportation | 10.4% |
| Sales & Office | 24.2% |
| Other | 9.3% |
HIGHEST EDUCATION LEVEL
25% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 21.8% |
| High School | 26.2% |
| Masters Degree | 1.9% |
| Some College | 37.7% |
| Some High School | 1.7% |
| Other | 10.9% |
304 3rd St Comps
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