1. < Ridgeway St

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This page contains information about each property aggregated from public data sources, 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.

502 Ridgeway St Denver, IA 50622

3 Beds 3 Baths 1,984 sqft Built 1973
Last updated:  Nov 28, 2019

INVESTimate

$242,202

$232K - $252K

Price Est.

$1,474

$1.3K - $1.7K

Rent Est.

$75,684

Investment Est.

$249,250  ( +2.91%)   1 YR EST. FORECAST

502 Ridgeway St PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $122.08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,984 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
502 Ridgeway St, Denver, IA 50622 is a single family home of 1,984 sqft. HomeUnion estimate for 502 Ridgeway St includes a Price Estimate of $242,202 and a Rent Estimate of $1,474. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 7.30% and Total Return of 15.96%. The estimated 1 year forecast in home value for 502 Ridgeway St is 2.91%.

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502 Ridgeway St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DENVER ELEMENTARY SCHOOL Primary Regular 350 21 9
DENVER MIDDLE SCHOOL Middle Regular 169 8 9
DENVER HIGH SCHOOL High Regular 235 15 10

DENVER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 350
  • # of teachers: 21
9
GreatSchools Rating

DENVER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 169
  • # of teachers: 8
9
GreatSchools Rating

DENVER HIGH SCHOOL

  • Education Level: High
  • # of students: 235
  • # of teachers: 15
10
GreatSchools Rating
 

Financial Details

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Neighborhood

DENVER

  • 3,392

    POPULATION

  • 1,334

    HOUSEHOLDS

  • 67.5%

    WHITE COLLAR

Neighborhood : DENVER

HOUSEHOLDS
1,334
POPULATION

3,392

16.4%Renters
83.6%Home Owners
LABOR FORCE

 

67.5%White Collar
32.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,474 per month.

MY RENT : $1,474 MEDIAN RENT : $1,257

Rent % Distribution LEVEL
$500-699 2.7%
$700-899 14.3%
$900-999 7.5%
$1,000-1,499 43.4%
>=$1,500 32.1%
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 $1,474 would therefore be considered affordable for annual household incomes greater than $58,960 (12 months x 3.333 x $1,474).

Rent % Affordability
Above $500 90.8%
Above $700 80.3%
Above $1,100 70.7%
Above $1,500 59.7%
Above $1,900 49.2%
HOUSEHOLD INCOME RANGE

Approximately 800 of households in this neighborhood have a total annual income of $58,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,474 per month.

MINIMUM INCOME RANGE : $58,960

Income % Distribution
<$20K 9.2%
$20K-$35K 15.4%
$35K-$60K 15.7%
$60K-$100K 23.5%
>=$100K 36.2%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.1%
5-9 mins 8.4%
10-14 mins 8.6%
15-19 mins 11.8%
20-29 mins 36.6%
30-44 mins 22.6%
45-59 mins 1.9%
>60 mins 2.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,474 per month.

MY RENT : $1,474 MEDIAN RENT : $1,257

Rent % Distribution
$500-699 2.7%
$700-899 14.3%
$900-999 7.5%
$1,000-1,499 43.4%
>=$1,500 32.1%
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 $1,474 would therefore be considered affordable for annual household incomes greater than $58,960 (12 months x 3.333 x $1,474).

Rent % Affordability
Above $500 90.8%
Above $700 80.3%
Above $1,100 70.7%
Above $1,500 59.7%
Above $1,900 49.2%
HOUSEHOLD INCOME RANGE

Approximately 800 of households in this neighborhood have a total annual income of $58,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,474 per month.

MINIMUM INCOME RANGE : $58,960

Income % Distribution
<$20K 9.2%
$20K-$35K 15.4%
$35K-$60K 15.7%
$60K-$100K 23.5%
>=$100K 36.2%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.1%
5-9 mins 8.4%
10-14 mins 8.6%
15-19 mins 11.8%
20-29 mins 36.6%
30-44 mins 22.6%
45-59 mins 1.9%
>60 mins 2.2%
DENVER Demographics
INDUSTRY

           

Industry % Distribution
Construction 5.3%
Educational Services 10.0%
Health Care & Social Assistance 13.9%
Manufacturing 24.4%
Professional & Scientific Tech Services 5.7%
Retail & Wholesale Trader 12.7%
Other 27.9%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 9.7%
Healthcare 7.5%
Management, Business, & Financial 22.2%
Natural Resources Maintenance 6.2%
Production & Transportation 15.5%
Sales & Office 22.0%
Other 16.8%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 22.2%
15-19 4.4%
20-24 3.2%
25-44 25.9%
45-65 27.6%
66+ 16.9%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 18.0%
High School 32.0%
Masters Degree 7.0%
Some College 18.1%
Some High School 4.1%
Other 20.8%

DENVER Demographics

INDUSTRY

Industry % Distribution
Construction 5.3%
Educational Services 10.0%
Health Care & Social Assistance 13.9%
Manufacturing 24.4%
Professional & Scientific Tech Services 5.7%
Retail & Wholesale Trader 12.7%
Other 27.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 30% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 22.2%
15-19 4.4%
20-24 3.2%
25-44 25.9%
45-65 27.6%
66+ 16.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.7%
Healthcare 7.5%
Management, Business, & Financial 22.2%
Natural Resources Maintenance 6.2%
Production & Transportation 15.5%
Sales & Office 22.0%
Other 16.8%
HIGHEST EDUCATION LEVEL

26% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 18.0%
High School 32.0%
Masters Degree 7.0%
Some College 18.1%
Some High School 4.1%
Other 20.8%

502 Ridgeway St Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , BREMER County , or the 50622 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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