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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

416 Prospect St Mc Gregor, IA 52157

2 Beds 1 Baths 976 sqft Built 1919
Last updated:  Jan 23, 2020

INVESTimate

$52,727

$48.8K - $56.6K

Price Est.

$673

588 - 758

Rent Est.

$51,852  ( -1.66%)   1 YR EST. FORECAST
  
  
  

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416 Prospect St PROPERTY INFO

FACTS
  • Built In 1919
  • Price/Sqft : $54.02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 976 sqft
  • Baths : 1 Full

416 Prospect St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MFL MARMAC ELEMENTARY SCHOOL Primary Regular 318 18 4
MFL MARMAC MIDDLE SCHOOL Middle Regular 181 17 8
MFL MARMAC HIGH SCHOOL High Unknown NA

MFL MARMAC ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 318
  • # of teachers: 18
4
GreatSchools Rating

MFL MARMAC MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 181
  • # of teachers: 17
8
GreatSchools Rating

MFL MARMAC HIGH SCHOOL

  • Education Level: High
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

MC GREGOR

  • 1,739

    POPULATION
  • 805

    HOUSEHOLDS
  • 51.0%

    WHITE COLLAR

Neighborhood : MC GREGOR

HOUSEHOLDS
805
POPULATION

1,739

26.9%Renters
73.1%Home Owners
LABOR FORCE

 

51.0%White Collar
49.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $673 per month.

MY RENT : $673 MEDIAN RENT : $838

Rent % Distribution LEVEL
$400-699 31.6%
$700-899 25.4%
$900-999 14.6%
$1,000-1,499 25.4%
>=$1,500 3.0%
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 $673 would therefore be considered affordable for annual household incomes greater than $26,920 (12 months x 3.333 x $673).

Rent % Affordability
Above $500 81.5%
Above $700 69.7%
Above $1,100 55.7%
Above $1,500 38.3%
Above $1,900 29.5%
HOUSEHOLD INCOME RANGE

Approximately 1,782 of households in this neighborhood have a total annual income of $26,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $673 per month.

MINIMUM INCOME RANGE : $26,920

Income % Distribution
<$20K 18.5%
$20K-$35K 17.1%
$35K-$60K 26.2%
$60K-$100K 24.8%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 19.8%
10-14 mins 19.6%
15-19 mins 20.5%
20-29 mins 14.2%
30-44 mins 14.2%
45-59 mins 1.7%
>60 mins 6.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $673 per month.

MY RENT : $673 MEDIAN RENT : $838

Rent % Distribution
$400-699 31.6%
$700-899 25.4%
$900-999 14.6%
$1,000-1,499 25.4%
>=$1,500 3.0%
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 $673 would therefore be considered affordable for annual household incomes greater than $26,920 (12 months x 3.333 x $673).

Rent % Affordability
Above $500 81.5%
Above $700 69.7%
Above $1,100 55.7%
Above $1,500 38.3%
Above $1,900 29.5%
HOUSEHOLD INCOME RANGE

Approximately 1,782 of households in this neighborhood have a total annual income of $26,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $673 per month.

MINIMUM INCOME RANGE : $26,920

Income % Distribution
<$20K 18.5%
$20K-$35K 17.1%
$35K-$60K 26.2%
$60K-$100K 24.8%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 19.8%
10-14 mins 19.6%
15-19 mins 20.5%
20-29 mins 14.2%
30-44 mins 14.2%
45-59 mins 1.7%
>60 mins 6.0%

MC GREGOR Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.2%
Arts & Entertainment 10.7%
Educational Services 5.0%
Health Care & Social Assistance 8.5%
Manufacturing 25.7%
Retail & Wholesale Trader 18.7%
Other 23.2%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 26% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 15.6%
15-19 5.9%
20-24 4.7%
25-44 19.1%
45-65 30.6%
66+ 24.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.5%
Healthcare 6.2%
Management, Business, & Financial 15.5%
Natural Resources Maintenance 12.8%
Production & Transportation 26.6%
Sales & Office 20.5%
Other 13.9%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.5%
High School 36.5%
Masters Degree 3.4%
Some College 24.6%
Some High School 9.8%
Other 12.2%

416 Prospect St Comps

Sorry, we do not have sufficient data available.

416 Prospect St, Mc Gregor, IA 52157 is a single family home of 976 sqft. HomeUnion INVESTimateĀ® for 416 Prospect St includes a Price Estimate of $52,727 and a Rent Estimate of $673. This single family home has 2 bedrooms,1 bathrooms, and was built in 1919. This property has an estimated 15 year annualized Yield of 15.32% and Total Return of 14.99%. The estimated 1 year forecast in home value for 416 Prospect St is -1.66%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , CLAYTON County , or the 52157 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2