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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

304 Ferry Ave Cushing, IA 51018

5 Beds 2 Baths 1,725 sqft Built 1973
Last updated:  Jan 23, 2020

INVESTimate

$40,748

$38.8K - $42.7K

Price Est.

$1,208

$1.1K - $1.4K

Rent Est.

$43,042  ( +5.63%)   1 YR EST. FORECAST
  
  
  

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304 Ferry Ave PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $23.62
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,725 sqft
  • Baths : 2 Full

304 Ferry Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RIVER VALLEY ELEMENTARY SCHOOL Primary Regular 278 22 5
RIVER VALLEY JUNIOR-SENIOR HIGH SCHOOL Middle Regular 183 18 6
RIVER VALLEY JUNIOR-SENIOR HIGH SCHOOL High Regular 183 18 6

RIVER VALLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 278
  • # of teachers: 22
5
GreatSchools Rating

RIVER VALLEY JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 183
  • # of teachers: 18
6
GreatSchools Rating

RIVER VALLEY JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 183
  • # of teachers: 18
6
GreatSchools Rating
 

Financial Details

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Neighborhood

CUSHING

  • 337

    POPULATION
  • 158

    HOUSEHOLDS
  • 65.3%

    WHITE COLLAR

Neighborhood : CUSHING

HOUSEHOLDS
158
POPULATION

337

9.9%Renters
90.1%Home Owners
LABOR FORCE

 

65.3%White Collar
34.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 11% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,208 per month.

MY RENT : $1,208 MEDIAN RENT : $799

Rent % Distribution LEVEL
$500-699 28.0%
$700-899 41.3%
$900-999 12.6%
$1,000-1,499 16.8%
>=$1,500 1.4%
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 $1,208 would therefore be considered affordable for annual household incomes greater than $48,320 (12 months x 3.333 x $1,208).

Rent % Affordability
Above $500 83.5%
Above $700 74.6%
Above $1,100 56.1%
Above $1,500 36.1%
Above $1,900 26.1%
HOUSEHOLD INCOME RANGE

Approximately 66 of households in this neighborhood have a total annual income of $48,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,208 per month.

MINIMUM INCOME RANGE : $48,320

Income % Distribution
<$20K 16.5%
$20K-$35K 17.7%
$35K-$60K 29.7%
$60K-$100K 21.5%
>=$100K 14.6%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 44% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 16.5%
5-9 mins 8.3%
10-14 mins 18.8%
15-19 mins 8.3%
20-29 mins 20.3%
30-44 mins 13.5%
45-59 mins 10.5%
>60 mins 3.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 11% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,208 per month.

MY RENT : $1,208 MEDIAN RENT : $799

Rent % Distribution
$500-699 28.0%
$700-899 41.3%
$900-999 12.6%
$1,000-1,499 16.8%
>=$1,500 1.4%
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 $1,208 would therefore be considered affordable for annual household incomes greater than $48,320 (12 months x 3.333 x $1,208).

Rent % Affordability
Above $500 83.5%
Above $700 74.6%
Above $1,100 56.1%
Above $1,500 36.1%
Above $1,900 26.1%
HOUSEHOLD INCOME RANGE

Approximately 66 of households in this neighborhood have a total annual income of $48,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,208 per month.

MINIMUM INCOME RANGE : $48,320

Income % Distribution
<$20K 16.5%
$20K-$35K 17.7%
$35K-$60K 29.7%
$60K-$100K 21.5%
>=$100K 14.6%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 44% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 16.5%
5-9 mins 8.3%
10-14 mins 18.8%
15-19 mins 8.3%
20-29 mins 20.3%
30-44 mins 13.5%
45-59 mins 10.5%
>60 mins 3.8%

CUSHING Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 9.8%
Arts & Entertainment 4.9%
Construction 12.6%
Health Care & Social Assistance 18.2%
Manufacturing 23.8%
Retail & Wholesale Trader 11.2%
Other 19.6%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 30% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 21.1%
15-19 5.0%
20-24 4.2%
25-44 17.8%
45-65 29.1%
66+ 22.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.7%
Healthcare 7.6%
Management, Business, & Financial 27.6%
Natural Resources Maintenance 14.3%
Production & Transportation 15.2%
Sales & Office 16.2%
Other 12.4%
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 13.7%
High School 40.2%
Masters Degree 2.0%
Some College 24.2%
Some High School 10.2%
Other 9.8%

304 Ferry Ave Comps

Sorry, we do not have sufficient data available.

304 Ferry Ave, Cushing, IA 51018 is a single family home of 1,725 sqft. HomeUnion INVESTimateĀ® for 304 Ferry Ave includes a Price Estimate of $40,748 and a Rent Estimate of $1,208. This single family home has 5 bedrooms,2 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 35.57% and Total Return of 51.24%. The estimated 1 year forecast in home value for 304 Ferry Ave is 5.63%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , WOODBURY County , or the 51018 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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