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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

313 S Morse Ave Calumet, IA 51009

4 Beds 1 Baths 2,382 sqft Built 1910
Last updated:  Jan 23, 2020

INVESTimate

$44,210

$40.3K - $48.1K

Price Est.

$888

763 - $1.0K

Rent Est.

$45,041  ( +1.88%)   1 YR EST. FORECAST
  
  
  

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313 S Morse Ave PROPERTY INFO

FACTS
  • Built In 1910
  • Price/Sqft : $18.56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,382 sqft
  • Baths : 1 Full

313 S Morse Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH O'BRIEN ELEMENTARY SCHOOL Primary Regular 323 23 8
SOUTH O'BRIEN ELEMENTARY SCHOOL Middle Regular 323 23 8
SOUTH O'BRIEN JUNIOR-SENIOR HIGH SCHOOL High Regular 314 23 8

SOUTH O'BRIEN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 323
  • # of teachers: 23
8
GreatSchools Rating

SOUTH O'BRIEN ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 323
  • # of teachers: 23
8
GreatSchools Rating

SOUTH O'BRIEN JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 314
  • # of teachers: 23
8
GreatSchools Rating
 

Financial Details

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Neighborhood

CALUMET

  • 171

    POPULATION
  • 77

    HOUSEHOLDS
  • 69.3%

    WHITE COLLAR

Neighborhood : CALUMET

HOUSEHOLDS
77
POPULATION

171

17.5%Renters
82.5%Home Owners
LABOR FORCE

 

69.3%White Collar
30.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $888 per month.

MY RENT : $888 MEDIAN RENT : $714

Rent % Distribution LEVEL
$500-699 47.7%
$700-899 43.2%
$900-999 1.8%
$1,000-1,499 7.2%
>=$1,500 0.0%
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 $888 would therefore be considered affordable for annual household incomes greater than $35,520 (12 months x 3.333 x $888).

Rent % Affordability
Above $500 86.8%
Above $700 83.2%
Above $1,100 79.2%
Above $1,500 72.4%
Above $1,900 49.5%
HOUSEHOLD INCOME RANGE

Approximately 58 of households in this neighborhood have a total annual income of $35,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $888 per month.

MINIMUM INCOME RANGE : $35,520

Income % Distribution
<$20K 13.2%
$20K-$35K 5.3%
$35K-$60K 9.2%
$60K-$100K 35.5%
>=$100K 36.8%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 17.4%
5-9 mins 15.9%
10-14 mins 13.0%
15-19 mins 8.7%
20-29 mins 15.9%
30-44 mins 20.3%
45-59 mins 5.8%
>60 mins 2.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $888 per month.

MY RENT : $888 MEDIAN RENT : $714

Rent % Distribution
$500-699 47.7%
$700-899 43.2%
$900-999 1.8%
$1,000-1,499 7.2%
>=$1,500 0.0%
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 $888 would therefore be considered affordable for annual household incomes greater than $35,520 (12 months x 3.333 x $888).

Rent % Affordability
Above $500 86.8%
Above $700 83.2%
Above $1,100 79.2%
Above $1,500 72.4%
Above $1,900 49.5%
HOUSEHOLD INCOME RANGE

Approximately 58 of households in this neighborhood have a total annual income of $35,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $888 per month.

MINIMUM INCOME RANGE : $35,520

Income % Distribution
<$20K 13.2%
$20K-$35K 5.3%
$35K-$60K 9.2%
$60K-$100K 35.5%
>=$100K 36.8%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 17.4%
5-9 mins 15.9%
10-14 mins 13.0%
15-19 mins 8.7%
20-29 mins 15.9%
30-44 mins 20.3%
45-59 mins 5.8%
>60 mins 2.9%

CALUMET Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 29.3%
Construction 7.1%
Health Care & Social Assistance 16.2%
Manufacturing 10.1%
Public Administration 5.1%
Retail & Wholesale Trader 17.2%
Other 15.2%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 25% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 21.6%
15-19 1.2%
20-24 1.8%
25-44 17.5%
45-65 41.5%
66+ 16.4%
OCCUPATION

Occupation % Distribution
Healthcare 11.8%
Management, Business, & Financial 33.8%
Natural Resources Maintenance 7.4%
Production & Transportation 22.1%
Sales & Office 19.1%
Social 4.4%
Other 1.5%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 15.6%
High School 46.7%
Masters Degree 3.3%
Some College 18.9%
Some High School 3.3%
Other 12.3%

313 S Morse Ave Comps

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313 S Morse Ave, Calumet, IA 51009 is a single family home of 2,382 sqft. HomeUnion INVESTimateĀ® for 313 S Morse Ave includes a Price Estimate of $44,210 and a Rent Estimate of $888. This single family home has 4 bedrooms,1 bathrooms, and was built in 1910. This property has an estimated 15 year annualized Yield of 24.10% and Total Return of 30.40%. The estimated 1 year forecast in home value for 313 S Morse Ave is 1.88%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , OBRIEN County , or the 51009 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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