INVESTimate
$42,975
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425 Main St PROPERTY INFO
FACTS
- Built In 1908
- Price/Sqft : $54.11
CONSTRUCTION
- Beds : 3
- Floor Size : 2,195 sqft
- Baths : 1 Full
425 Main St SCHOOLS
Financial Details
See Financial Details
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BENNETT
Neighborhood : BENNETT
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $849 per month.
MY RENT : $849 MEDIAN RENT : $1,032
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 $849 would therefore be considered affordable for annual household incomes greater than $33,960 (12 months x 3.333 x $849).
HOUSEHOLD INCOME RANGE
Approximately 548 of households in this neighborhood have a total annual income of $33,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $849 per month.
MINIMUM INCOME RANGE : $33,960
COMMUTE TIME DISTRIBUTION
60% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.
BENNETT Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Agriculture, Fishing & Game | 8.1% |
Construction | 10.8% |
Health Care & Social Assistance | 14.4% |
Manufacturing | 17.1% |
Public Administration | 6.6% |
Retail & Wholesale Trader | 18.3% |
Other | 24.7% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 34% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 20.6% |
15-19 | 5.3% |
20-24 | 7.8% |
25-44 | 25.2% |
45-65 | 24.4% |
66+ | 16.6% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 4.8% |
Healthcare | 6.5% |
Management, Business, & Financial | 28.0% |
Natural Resources Maintenance | 19.1% |
Production & Transportation | 14.7% |
Sales & Office | 17.1% |
Other | 9.9% |
HIGHEST EDUCATION LEVEL
23% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 15.9% |
High School | 39.6% |
Masters Degree | 6.8% |
Some College | 18.7% |
Some High School | 4.8% |
Other | 14.1% |
425 Main St Comps
425 Main St, Bennett, IA 52721 is a single family home of 2,195 sqft. HomeUnion INVESTimateĀ® for 425 Main St includes a Price Estimate of $118,773 and a Rent Estimate of $849. This single family home has 3 bedrooms,1 bathrooms, and was built in 1908. This property has an estimated 15 year annualized Yield of 8.58% and Total Return of 16.27%. The estimated 1 year forecast in home value for 425 Main St is 3.16%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , CEDAR County , or the 52721 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2