INVESTimate
$20,541
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403 Spruce St PROPERTY INFO
FACTS
- Built In 1949
- Price/Sqft : $27.94
CONSTRUCTION
- Beds : 3
- Floor Size : 1,221 sqft
- Baths : 1 Full
403 Spruce St SCHOOLS
Financial Details
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ALLISON
Neighborhood : ALLISON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $816 per month.
MY RENT : $816 MEDIAN RENT : $866
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 $816 would therefore be considered affordable for annual household incomes greater than $32,640 (12 months x 3.333 x $816).
HOUSEHOLD INCOME RANGE
Approximately 1,150 of households in this neighborhood have a total annual income of $32,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $816 per month.
MINIMUM INCOME RANGE : $32,640
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.
ALLISON Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 6.0% |
| Educational Services | 7.2% |
| Health Care & Social Assistance | 13.7% |
| Manufacturing | 20.8% |
| Professional & Scientific Tech Services | 8.3% |
| Retail & Wholesale Trader | 15.7% |
| Other | 28.3% |
AGE DISTRIBUTION
49% of the population is between the ages of 25 and 64, 28% is 24 or younger and 23% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 17.2% |
| 15-19 | 7.0% |
| 20-24 | 3.5% |
| 25-44 | 24.7% |
| 45-65 | 24.7% |
| 66+ | 23.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 8.4% |
| Healthcare | 5.6% |
| Management, Business, & Financial | 13.6% |
| Natural Resources Maintenance | 7.7% |
| Production & Transportation | 25.1% |
| Sales & Office | 23.0% |
| Other | 16.7% |
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 | 12.7% |
| High School | 37.6% |
| Masters Degree | 6.5% |
| Some College | 26.0% |
| Some High School | 7.3% |
| Other | 10.1% |
403 Spruce St Comps
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403 Spruce St, Allison, IA 50602 is a single family home of 1,221 sqft. HomeUnion INVESTimateĀ® for 403 Spruce St includes a Price Estimate of $34,118 and a Rent Estimate of $816. This single family home has 3 bedrooms,1 bathrooms, and was built in 1949. This property has an estimated 15 year annualized Yield of 28.70% and Total Return of 33.28%. The estimated 1 year forecast in home value for 403 Spruce St is 4.18%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , BUTLER County , or the 50602 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
