INVESTimate
$69,822
321 Sunny Lane St PROPERTY INFO
FACTS
- Built In 1977
- Price/Sqft : $95.40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,307 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
321 Sunny Lane St, Denver, IA 50622 is a single family home of 2,307 sqft. HomeUnion estimate for 321 Sunny Lane St includes a Price Estimate of $220,084 and a Rent Estimate of $1,562. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 8.52% and Total Return of 19.01%. The estimated 1 year forecast in home value for 321 Sunny Lane St is 2.91%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
321 Sunny Lane St SCHOOLS
Financial Details
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DENVER
Neighborhood : DENVER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 32% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,562 per month.
MY RENT : $1,562 MEDIAN RENT : $1,257
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 $1,562 would therefore be considered affordable for annual household incomes greater than $62,480 (12 months x 3.333 x $1,562).
HOUSEHOLD INCOME RANGE
Approximately 600 of households in this neighborhood have a total annual income of $62,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,562 per month.
MINIMUM INCOME RANGE : $62,480
COMMUTE TIME DISTRIBUTION
71% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.
DENVER Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 5.3% |
Educational Services | 10.0% |
Health Care & Social Assistance | 13.9% |
Manufacturing | 24.4% |
Professional & Scientific Tech Services | 5.7% |
Retail & Wholesale Trader | 12.7% |
Other | 27.9% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 30% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 22.2% |
15-19 | 4.4% |
20-24 | 3.2% |
25-44 | 25.9% |
45-65 | 27.6% |
66+ | 16.9% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 9.7% |
Healthcare | 7.5% |
Management, Business, & Financial | 22.2% |
Natural Resources Maintenance | 6.2% |
Production & Transportation | 15.5% |
Sales & Office | 22.0% |
Other | 16.8% |
HIGHEST EDUCATION LEVEL
26% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 18.0% |
High School | 32.0% |
Masters Degree | 7.0% |
Some College | 18.1% |
Some High School | 4.1% |
Other | 20.8% |
321 Sunny Lane St Comps
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