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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

315 W Florence Ave Northwood, OH 43605

3 Beds 1 Baths 1,310 sqft Built 1900
Last updated:  Jul 30, 2018

INVESTimate

$155,378

$140K - $170K

Price Est.

$764

696 - 832

Rent Est.

$161,842  ( +4.16%)   1 YR EST. FORECAST

Browse real estate investments on Florence W Ave

  1. 315 W Florence Ave
  2. 325 W Florence Ave
  3. 341 W Florence Ave
  
  
  

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315 W Florence Ave PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $118.61
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,310 sqft
  • Baths : 1 Full

315 W Florence Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTHWOOD ELEMENTARY SCHOOL Primary Regular 496 26 6
NORTHWOOD ELEMENTARY SCHOOL Middle Regular 496 26 6
NORTHWOOD HIGH SCHOOL High Regular 434 22 5

NORTHWOOD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 496
  • # of teachers: 26
6
GreatSchools Rating

NORTHWOOD ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 496
  • # of teachers: 26
6
GreatSchools Rating

NORTHWOOD HIGH SCHOOL

  • Education Level: High
  • # of students: 434
  • # of teachers: 22
5
GreatSchools Rating
 

Financial Details

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Neighborhood

TOLEDO

  • 26,775

    POPULATION
  • 10,308

    HOUSEHOLDS
  • 33.6%

    WHITE COLLAR

Neighborhood : TOLEDO

HOUSEHOLDS
10,308
POPULATION

26,775

55.4%Renters
44.6%Home Owners
LABOR FORCE

 

33.6%White Collar
66.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $764 per month.

MY RENT : $764 MEDIAN RENT : $711

Rent % Distribution LEVEL
$500-699 42.3%
$700-899 48.1%
$900-999 4.6%
$1,000-1,499 5.0%
>=$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 $764 would therefore be considered affordable for annual household incomes greater than $30,560 (12 months x 3.333 x $764).

Rent % Affordability
Above $500 62.3%
Above $700 51.8%
Above $1,100 30.0%
Above $1,500 17.9%
Above $1,900 10.1%
HOUSEHOLD INCOME RANGE

Approximately 25,094 of households in this neighborhood have a total annual income of $30,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $764 per month.

MINIMUM INCOME RANGE : $30,560

Income % Distribution
<$20K 37.7%
$20K-$35K 22.3%
$35K-$60K 22.2%
$60K-$100K 13.5%
>=$100K 4.3%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 11.8%
10-14 mins 18.5%
15-19 mins 23.4%
20-29 mins 24.5%
30-44 mins 12.6%
45-59 mins 2.6%
>60 mins 3.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $764 per month.

MY RENT : $764 MEDIAN RENT : $711

Rent % Distribution
$500-699 42.3%
$700-899 48.1%
$900-999 4.6%
$1,000-1,499 5.0%
>=$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 $764 would therefore be considered affordable for annual household incomes greater than $30,560 (12 months x 3.333 x $764).

Rent % Affordability
Above $500 62.3%
Above $700 51.8%
Above $1,100 30.0%
Above $1,500 17.9%
Above $1,900 10.1%
HOUSEHOLD INCOME RANGE

Approximately 25,094 of households in this neighborhood have a total annual income of $30,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $764 per month.

MINIMUM INCOME RANGE : $30,560

Income % Distribution
<$20K 37.7%
$20K-$35K 22.3%
$35K-$60K 22.2%
$60K-$100K 13.5%
>=$100K 4.3%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 11.8%
10-14 mins 18.5%
15-19 mins 23.4%
20-29 mins 24.5%
30-44 mins 12.6%
45-59 mins 2.6%
>60 mins 3.5%

TOLEDO Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.6%
Arts & Entertainment 13.2%
Health Care & Social Assistance 14.8%
Manufacturing 22.5%
Retail & Wholesale Trader 16.0%
Transportation 7.3%
Other 19.5%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 38% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 23.8%
15-19 6.1%
20-24 8.5%
25-44 27.0%
45-65 24.6%
66+ 10.1%
OCCUPATION

Occupation % Distribution
Education 7.5%
Healthcare 8.8%
Management, Business, & Financial 6.8%
Natural Resources Maintenance 8.3%
Production & Transportation 37.7%
Sales & Office 18.5%
Other 12.3%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.2%
High School 43.0%
Masters Degree 1.4%
Some College 21.3%
Some High School 24.2%
Other 2.8%

315 W Florence Ave Comps

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315 W Florence Ave, Northwood, OH 43605 is a single family home of 1,310 sqft. HomeUnion INVESTimate® for 315 W Florence Ave includes a Price Estimate of $155,378 and a Rent Estimate of $764. This single family home has 3 bedrooms,1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 5.90% and Total Return of 8.62%. The estimated 1 year forecast in home value for 315 W Florence Ave is 4.16%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH, WOOD County, or the 43605 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2