INVESTimate
$63,357
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425 S Main St PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $232.96
CONSTRUCTION
- Beds : 0
- Floor Size : 840 sqft
- Baths : 1 Full
425 S Main St SCHOOLS
Financial Details
See Financial Details
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CARTHAGE
Neighborhood : CARTHAGE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $555 per month.
MY RENT : $555 MEDIAN RENT : $697
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 $555 would therefore be considered affordable for annual household incomes greater than $22,200 (12 months x 3.333 x $555).
HOUSEHOLD INCOME RANGE
Approximately 598 of households in this neighborhood have a total annual income of $22,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $555 per month.
MINIMUM INCOME RANGE : $22,200
COMMUTE TIME DISTRIBUTION
67% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.
CARTHAGE Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 6.7% |
Agriculture, Fishing & Game | 4.5% |
Health Care & Social Assistance | 21.0% |
Manufacturing | 35.7% |
Retail & Wholesale Trader | 6.2% |
Transportation | 8.9% |
Other | 17.0% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 27% is 24 or younger and 20% is 65 or older.
Age | % Distribution |
---|---|
<15 | 20.0% |
15-19 | 5.5% |
20-24 | 1.9% |
25-44 | 24.1% |
45-65 | 28.1% |
66+ | 20.4% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 5.8% |
Management, Business, & Financial | 5.8% |
Natural Resources Maintenance | 25.0% |
PCare | 5.2% |
Production & Transportation | 29.1% |
Sales & Office | 19.8% |
Other | 9.3% |
HIGHEST EDUCATION LEVEL
7% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 4.5% |
High School | 52.0% |
Masters Degree | 2.1% |
Some College | 9.9% |
Some High School | 22.5% |
Other | 9.0% |
425 S Main St Comps
425 S Main St, Carthage, AR 71725 is a single family home of 840 sqft. HomeUnion INVESTimateĀ® for 425 S Main St includes a Price Estimate of $195,686 and a Rent Estimate of $555. This single family home has 0 bedrooms,1 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 3.40% and Total Return of 4.98%. The estimated 1 year forecast in home value for 425 S Main St is 0%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AR , DALLAS County , or the 71725 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2