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This page contains information about each property aggregated from public data sources, 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.

37147 Somerset Rd La Cygne, KS 66040

3 Beds 2 Baths 1,996 sqft Built 1910
Last updated:  Jan 23, 2020

INVESTimate

$213,105

$196K - $230K

Price Est.

$1,142

998 - $1.3K

Rent Est.

$222,759  ( +4.53%)   1 YR EST. FORECAST

37147 Somerset Rd PROPERTY INFO

FACTS
  • Built In 1910
  • Price/Sqft : $106.77
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,996 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
37147 Somerset Rd, La Cygne, KS 66040 is a single family home of 1,996 sqft. HomeUnion estimate for 37147 Somerset Rd includes a Price Estimate of $213,105 and a Rent Estimate of $1,142. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1910. This property has an estimated 15 year annualized Yield of 6.43% and Total Return of 17.54%. The estimated 1 year forecast in home value for 37147 Somerset Rd is 4.53%.
  
  
  

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37147 Somerset Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SUNFLOWER ELEMENTARY SCHOOL Primary Regular 465 33 5
PAOLA MIDDLE SCHOOL Middle Regular 440 35 6
PAOLA HIGH SCHOOL High Regular 638 50 6

SUNFLOWER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 33
5
GreatSchools Rating

PAOLA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 440
  • # of teachers: 35
6
GreatSchools Rating

PAOLA HIGH SCHOOL

  • Education Level: High
  • # of students: 638
  • # of teachers: 50
6
GreatSchools Rating
 

Financial Details

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Neighborhood

LA CYGNE

  • 3,453

    POPULATION
  • 1,439

    HOUSEHOLDS
  • 55.3%

    WHITE COLLAR

Neighborhood : LA CYGNE

HOUSEHOLDS
1,439
POPULATION

3,453

24.1%Renters
75.9%Home Owners
LABOR FORCE

 

55.3%White Collar
44.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 5% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,142 per month.

MY RENT : $1,142 MEDIAN RENT : $724

Rent % Distribution LEVEL
$400-699 23.3%
$700-899 68.3%
$900-999 2.0%
$1,000-1,499 5.4%
>=$1,500 1.0%
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 $1,142 would therefore be considered affordable for annual household incomes greater than $45,680 (12 months x 3.333 x $1,142).

Rent % Affordability
Above $500 78.0%
Above $700 70.8%
Above $1,100 55.3%
Above $1,500 39.4%
Above $1,900 29.8%
HOUSEHOLD INCOME RANGE

Approximately 654 of households in this neighborhood have a total annual income of $45,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,142 per month.

MINIMUM INCOME RANGE : $45,680

Income % Distribution
<$20K 22.0%
$20K-$35K 12.9%
$35K-$60K 25.7%
$60K-$100K 21.1%
>=$100K 18.3%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 11.2%
10-14 mins 3.9%
15-19 mins 11.3%
20-29 mins 13.9%
30-44 mins 24.4%
45-59 mins 14.9%
>60 mins 15.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 5% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,142 per month.

MY RENT : $1,142 MEDIAN RENT : $724

Rent % Distribution
$400-699 23.3%
$700-899 68.3%
$900-999 2.0%
$1,000-1,499 5.4%
>=$1,500 1.0%
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 $1,142 would therefore be considered affordable for annual household incomes greater than $45,680 (12 months x 3.333 x $1,142).

Rent % Affordability
Above $500 78.0%
Above $700 70.8%
Above $1,100 55.3%
Above $1,500 39.4%
Above $1,900 29.8%
HOUSEHOLD INCOME RANGE

Approximately 654 of households in this neighborhood have a total annual income of $45,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,142 per month.

MINIMUM INCOME RANGE : $45,680

Income % Distribution
<$20K 22.0%
$20K-$35K 12.9%
$35K-$60K 25.7%
$60K-$100K 21.1%
>=$100K 18.3%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 11.2%
10-14 mins 3.9%
15-19 mins 11.3%
20-29 mins 13.9%
30-44 mins 24.4%
45-59 mins 14.9%
>60 mins 15.8%

LA CYGNE Demographics

INDUSTRY

Industry % Distribution
Construction 15.9%
Educational Services 9.5%
Health Care & Social Assistance 9.3%
Manufacturing 10.3%
Retail & Wholesale Trader 19.7%
Transportation 9.6%
Other 25.6%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 36% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 21.0%
15-19 8.8%
20-24 6.1%
25-44 19.3%
45-65 28.6%
66+ 16.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.0%
Construction 6.9%
Management, Business, & Financial 12.5%
Natural Resources Maintenance 19.5%
Production & Transportation 17.2%
Sales & Office 20.7%
Other 15.2%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.8%
High School 35.9%
Masters Degree 4.8%
Some College 22.9%
Some High School 12.4%
Other 13.3%

37147 Somerset Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in KS , MIAMI County , or the 66040 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 66071