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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

402 S East St Albion, IA 50005

2 Beds 1 Baths 1,352 sqft Built 1900
Last updated:  Jan 23, 2020

INVESTimate

$71,251

$68.4K - $74.1K

Price Est.

$724

633 - 815

Rent Est.

$74,322  ( +4.31%)   1 YR EST. FORECAST
  
  
  

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402 S East St PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $52.70
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,352 sqft
  • Baths : 1 Full

402 S East St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FRANKLIN ELEMENTARY SCHOOL Primary Regular 369 26 3
B R MILLER MIDDLE SCHOOL Middle Regular 720 51 1
MARSHALLTOWN HIGH SCHOOL High Regular 1,598 94 2

FRANKLIN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 369
  • # of teachers: 26
3
GreatSchools Rating

B R MILLER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 720
  • # of teachers: 51
1
GreatSchools Rating

MARSHALLTOWN HIGH SCHOOL

  • Education Level: High
  • # of students: 1,598
  • # of teachers: 94
2
GreatSchools Rating
 

Financial Details

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Neighborhood

ALBION

  • 852

    POPULATION
  • 346

    HOUSEHOLDS
  • 54.5%

    WHITE COLLAR

Neighborhood : ALBION

HOUSEHOLDS
346
POPULATION

852

8.9%Renters
91.1%Home Owners
LABOR FORCE

 

54.5%White Collar
45.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $724 per month.

MY RENT : $724 MEDIAN RENT : $837

Rent % Distribution LEVEL
$500-699 25.5%
$700-899 33.6%
$900-999 14.4%
$1,000-1,499 25.2%
>=$1,500 1.2%
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 $724 would therefore be considered affordable for annual household incomes greater than $28,960 (12 months x 3.333 x $724).

Rent % Affordability
Above $500 92.8%
Above $700 86.9%
Above $1,100 71.7%
Above $1,500 50.6%
Above $1,900 30.7%
HOUSEHOLD INCOME RANGE

Approximately 642 of households in this neighborhood have a total annual income of $28,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $724 per month.

MINIMUM INCOME RANGE : $28,960

Income % Distribution
<$20K 7.2%
$20K-$35K 11.2%
$35K-$60K 31.0%
$60K-$100K 35.6%
>=$100K 14.9%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 4.2%
10-14 mins 4.7%
15-19 mins 29.4%
20-29 mins 37.0%
30-44 mins 9.1%
45-59 mins 5.7%
>60 mins 8.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $724 per month.

MY RENT : $724 MEDIAN RENT : $837

Rent % Distribution
$500-699 25.5%
$700-899 33.6%
$900-999 14.4%
$1,000-1,499 25.2%
>=$1,500 1.2%
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 $724 would therefore be considered affordable for annual household incomes greater than $28,960 (12 months x 3.333 x $724).

Rent % Affordability
Above $500 92.8%
Above $700 86.9%
Above $1,100 71.7%
Above $1,500 50.6%
Above $1,900 30.7%
HOUSEHOLD INCOME RANGE

Approximately 642 of households in this neighborhood have a total annual income of $28,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $724 per month.

MINIMUM INCOME RANGE : $28,960

Income % Distribution
<$20K 7.2%
$20K-$35K 11.2%
$35K-$60K 31.0%
$60K-$100K 35.6%
>=$100K 14.9%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 4.2%
10-14 mins 4.7%
15-19 mins 29.4%
20-29 mins 37.0%
30-44 mins 9.1%
45-59 mins 5.7%
>60 mins 8.1%

ALBION Demographics

INDUSTRY

Industry % Distribution
Educational Services 9.1%
Health Care & Social Assistance 12.2%
Manufacturing 26.5%
Public Administration 4.5%
Retail & Wholesale Trader 16.9%
Transportation 9.1%
Other 21.6%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 28% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.3%
15-19 6.9%
20-24 3.6%
25-44 15.7%
45-65 39.4%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Clean 6.2%
Healthcare 5.5%
Management, Business, & Financial 15.6%
Natural Resources Maintenance 5.5%
Production & Transportation 22.7%
Sales & Office 29.9%
Other 14.6%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.5%
High School 46.8%
Masters Degree 2.5%
Some College 17.7%
Some High School 10.3%
Other 12.2%

402 S East St Comps

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402 S East St, Albion, IA 50005 is a single family home of 1,352 sqft. HomeUnion INVESTimateĀ® for 402 S East St includes a Price Estimate of $71,251 and a Rent Estimate of $724. This single family home has 2 bedrooms,1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 12.19% and Total Return of 21.29%. The estimated 1 year forecast in home value for 402 S East St is 4.31%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , MARSHALL County , or the 50005 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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