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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

306 Cardinal Dr Coon Rapids, IA 50058

3 Beds 2 Baths 1,968 sqft Built 1973
Last updated:  Nov 28, 2019

INVESTimate

$112,094

$107K - $117K

Price Est.

$1,080

929 - $1.2K

Rent Est.

$117,329  ( +4.67%)   1 YR EST. FORECAST
  
  
  

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306 Cardinal Dr PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $56.96
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,968 sqft
  • Baths : 2 Full

306 Cardinal Dr SCHOOLS

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Financial Details

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Neighborhood

COON RAPIDS

  • 1,941

    POPULATION
  • 825

    HOUSEHOLDS
  • 59.6%

    WHITE COLLAR

Neighborhood : COON RAPIDS

HOUSEHOLDS
825
POPULATION

1,941

25.9%Renters
74.1%Home Owners
LABOR FORCE

 

59.6%White Collar
40.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,080 per month.

MY RENT : $1,080 MEDIAN RENT : $824

Rent % Distribution LEVEL
$500-699 22.7%
$700-899 39.6%
$900-999 12.3%
$1,000-1,499 22.6%
>=$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 $1,080 would therefore be considered affordable for annual household incomes greater than $43,200 (12 months x 3.333 x $1,080).

Rent % Affordability
Above $500 76.4%
Above $700 70.1%
Above $1,100 54.5%
Above $1,500 40.5%
Above $1,900 32.3%
HOUSEHOLD INCOME RANGE

Approximately 387 of households in this neighborhood have a total annual income of $43,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,080 per month.

MINIMUM INCOME RANGE : $43,200

Income % Distribution
<$20K 23.6%
$20K-$35K 13.7%
$35K-$60K 22.2%
$60K-$100K 21.5%
>=$100K 19.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 16.8%
5-9 mins 13.2%
10-14 mins 10.9%
15-19 mins 8.9%
20-29 mins 16.2%
30-44 mins 26.3%
45-59 mins 1.0%
>60 mins 6.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,080 per month.

MY RENT : $1,080 MEDIAN RENT : $824

Rent % Distribution
$500-699 22.7%
$700-899 39.6%
$900-999 12.3%
$1,000-1,499 22.6%
>=$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 $1,080 would therefore be considered affordable for annual household incomes greater than $43,200 (12 months x 3.333 x $1,080).

Rent % Affordability
Above $500 76.4%
Above $700 70.1%
Above $1,100 54.5%
Above $1,500 40.5%
Above $1,900 32.3%
HOUSEHOLD INCOME RANGE

Approximately 387 of households in this neighborhood have a total annual income of $43,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,080 per month.

MINIMUM INCOME RANGE : $43,200

Income % Distribution
<$20K 23.6%
$20K-$35K 13.7%
$35K-$60K 22.2%
$60K-$100K 21.5%
>=$100K 19.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 16.8%
5-9 mins 13.2%
10-14 mins 10.9%
15-19 mins 8.9%
20-29 mins 16.2%
30-44 mins 26.3%
45-59 mins 1.0%
>60 mins 6.9%

COON RAPIDS Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 9.8%
Construction 7.5%
Educational Services 7.0%
Health Care & Social Assistance 16.5%
Manufacturing 10.2%
Retail & Wholesale Trader 20.1%
Other 28.9%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 32% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 20.4%
15-19 7.5%
20-24 4.1%
25-44 19.5%
45-65 24.4%
66+ 24.1%
OCCUPATION

Occupation % Distribution
Construction 3.4%
Healthcare 7.5%
Management, Business, & Financial 22.6%
Natural Resources Maintenance 13.7%
Production & Transportation 19.5%
Sales & Office 21.9%
Other 11.3%
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 12.6%
High School 39.7%
Masters Degree 2.5%
Some College 19.7%
Some High School 8.3%
Other 17.3%

306 Cardinal Dr Comps

Sorry, we do not have sufficient data available.

306 Cardinal Dr, Coon Rapids, IA 50058 is a single family home of 1,968 sqft. HomeUnion INVESTimateĀ® for 306 Cardinal Dr includes a Price Estimate of $112,094 and a Rent Estimate of $1,080. This single family home has 3 bedrooms,2 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 11.56% and Total Return of 24.83%. The estimated 1 year forecast in home value for 306 Cardinal Dr is 4.67%.

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