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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

5008 Meinders Rd Mc Farland, WI 53558

4 Beds 3 Baths 2,156 sqft Built 1909
Last updated:  Jan 23, 2020

INVESTimate

$201,517

$194K - $209K

Price Est.

$1,977

$1.8K - $2.2K

Rent Est.

$209,094  ( +3.76%)   1 YR EST. FORECAST
  
  
  

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5008 Meinders Rd PROPERTY INFO

FACTS
  • Built In 1909
  • Price/Sqft : $93.47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,156 sqft
  • Baths : 2 Full 1 Half

5008 Meinders Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GLENDALE ELEMENTARY SCHOOL Primary Regular 506 37 2
SENNETT MIDDLE SCHOOL Middle Regular 588 47 3
LAFOLLETTE HIGH SCHOOL High Regular 1,541 103 3

GLENDALE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 506
  • # of teachers: 37
2
GreatSchools Rating

SENNETT MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 47
3
GreatSchools Rating

LAFOLLETTE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,541
  • # of teachers: 103
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Owl's Creek

  • 290

    POPULATION
  • 81

    HOUSEHOLDS
  • 79.5%

    WHITE COLLAR

Neighborhood : Owl's Creek

HOUSEHOLDS
81
POPULATION

290

19.5%Renters
80.5%Home Owners
LABOR FORCE

 

79.5%White Collar
20.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,977 per month.

MY RENT : $1,977 MEDIAN RENT : $1,751

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.0%
>=$1,500 95.0%
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 $1,977 would therefore be considered affordable for annual household incomes greater than $79,080 (12 months x 3.333 x $1,977).

Rent % Affordability
Above $500 95.0%
Above $700 85.7%
Above $1,100 78.0%
Above $1,500 73.8%
Above $1,900 55.5%
HOUSEHOLD INCOME RANGE

Approximately 37 of households in this neighborhood have a total annual income of $79,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,977 per month.

MINIMUM INCOME RANGE : $79,080

Income % Distribution
<$20K 5.0%
$20K-$35K 15.0%
$35K-$60K 6.2%
$60K-$100K 35.0%
>=$100K 38.8%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 10.6%
10-14 mins 20.5%
15-19 mins 14.6%
20-29 mins 34.4%
30-44 mins 17.9%
45-59 mins 1.3%
>60 mins 0.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,977 per month.

MY RENT : $1,977 MEDIAN RENT : $1,751

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.0%
>=$1,500 95.0%
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 $1,977 would therefore be considered affordable for annual household incomes greater than $79,080 (12 months x 3.333 x $1,977).

Rent % Affordability
Above $500 95.0%
Above $700 85.7%
Above $1,100 78.0%
Above $1,500 73.8%
Above $1,900 55.5%
HOUSEHOLD INCOME RANGE

Approximately 37 of households in this neighborhood have a total annual income of $79,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,977 per month.

MINIMUM INCOME RANGE : $79,080

Income % Distribution
<$20K 5.0%
$20K-$35K 15.0%
$35K-$60K 6.2%
$60K-$100K 35.0%
>=$100K 38.8%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 10.6%
10-14 mins 20.5%
15-19 mins 14.6%
20-29 mins 34.4%
30-44 mins 17.9%
45-59 mins 1.3%
>60 mins 0.7%

Owl's Creek Demographics

INDUSTRY

Industry % Distribution
Educational Services 10.2%
Financial Industries 17.0%
Health Care & Social Assistance 9.1%
Professional & Scientific Tech Services 9.7%
Public Administration 8.5%
Retail & Wholesale Trader 17.6%
Other 27.8%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 37% is 24 or younger and 4% is 65 or older.

Age % Distribution
<15 22.4%
15-19 7.6%
20-24 7.2%
25-44 37.9%
45-65 21.0%
66+ 3.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 14.4%
Construction 11.2%
Healthcare 8.0%
Management, Business, & Financial 20.8%
Production & Transportation 12.0%
Sales & Office 18.4%
Other 15.2%
HIGHEST EDUCATION LEVEL

29% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.7%
High School 27.6%
Masters Degree 14.5%
Some College 12.4%
Some High School 2.1%
Other 31.7%

5008 Meinders Rd Comps

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5008 Meinders Rd, Mc Farland, WI 53558 is a single family home of 2,156 sqft. HomeUnion INVESTimateĀ® for 5008 Meinders Rd includes a Price Estimate of $201,517 and a Rent Estimate of $1,977. This single family home has 4 bedrooms,3 bathrooms, and was built in 1909. This property has an estimated 15 year annualized Yield of 11.77% and Total Return of 27.00%. The estimated 1 year forecast in home value for 5008 Meinders Rd is 3.76%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in WI , DANE County , or the 53558 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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