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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

502 W North 3rd St Findlay, IL 62534

3 Beds 1 Baths 1,204 sqft Built 1972
Last updated:  Dec 26, 2019

INVESTimate

$76,221

$69.9K - $82.5K

Price Est.

$960

820 - $1.1K

Rent Est.

$77,021  ( +1.05%)   1 YR EST. FORECAST
  
  
  

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502 W North 3rd St PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $63.31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,204 sqft
  • Baths : 1 Full

502 W North 3rd St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
OKAW VALLEY ELEMENTARY SCHOOL Primary Regular 223 15 7
OKAW VALLEY MIDDLE SCHOOL Middle Regular 165 12 6
OKAW VALLEY HIGH SCHOOL High Regular 160 14 7

OKAW VALLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 223
  • # of teachers: 15
7
GreatSchools Rating

OKAW VALLEY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 165
  • # of teachers: 12
6
GreatSchools Rating

OKAW VALLEY HIGH SCHOOL

  • Education Level: High
  • # of students: 160
  • # of teachers: 14
7
GreatSchools Rating
 

Financial Details

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Neighborhood

FINDLAY

  • 1,225

    POPULATION
  • 532

    HOUSEHOLDS
  • 56.1%

    WHITE COLLAR

Neighborhood : FINDLAY

HOUSEHOLDS
532
POPULATION

1,225

20.5%Renters
79.5%Home Owners
LABOR FORCE

 

56.1%White Collar
43.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $960 per month.

MY RENT : $960 MEDIAN RENT : $923

Rent % Distribution LEVEL
$500-699 2.1%
$700-899 36.9%
$900-999 32.4%
$1,000-1,499 27.8%
>=$1,500 0.8%
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 $960 would therefore be considered affordable for annual household incomes greater than $38,400 (12 months x 3.333 x $960).

Rent % Affordability
Above $500 76.6%
Above $700 69.0%
Above $1,100 53.2%
Above $1,500 39.7%
Above $1,900 28.9%
HOUSEHOLD INCOME RANGE

Approximately 253 of households in this neighborhood have a total annual income of $38,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $960 per month.

MINIMUM INCOME RANGE : $38,400

Income % Distribution
<$20K 23.4%
$20K-$35K 14.9%
$35K-$60K 22.0%
$60K-$100K 22.6%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 11.9%
10-14 mins 7.1%
15-19 mins 13.7%
20-29 mins 17.4%
30-44 mins 25.3%
45-59 mins 14.7%
>60 mins 7.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $960 per month.

MY RENT : $960 MEDIAN RENT : $923

Rent % Distribution
$500-699 2.1%
$700-899 36.9%
$900-999 32.4%
$1,000-1,499 27.8%
>=$1,500 0.8%
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 $960 would therefore be considered affordable for annual household incomes greater than $38,400 (12 months x 3.333 x $960).

Rent % Affordability
Above $500 76.6%
Above $700 69.0%
Above $1,100 53.2%
Above $1,500 39.7%
Above $1,900 28.9%
HOUSEHOLD INCOME RANGE

Approximately 253 of households in this neighborhood have a total annual income of $38,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $960 per month.

MINIMUM INCOME RANGE : $38,400

Income % Distribution
<$20K 23.4%
$20K-$35K 14.9%
$35K-$60K 22.0%
$60K-$100K 22.6%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 11.9%
10-14 mins 7.1%
15-19 mins 13.7%
20-29 mins 17.4%
30-44 mins 25.3%
45-59 mins 14.7%
>60 mins 7.5%

FINDLAY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.0%
Construction 9.0%
Educational Services 9.0%
Health Care & Social Assistance 16.0%
Manufacturing 19.1%
Retail & Wholesale Trader 7.3%
Other 30.6%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 28% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 18.1%
15-19 6.4%
20-24 3.8%
25-44 24.1%
45-65 28.2%
66+ 19.3%
OCCUPATION

Occupation % Distribution
Construction 4.5%
Healthcare 8.1%
Management, Business, & Financial 18.3%
Natural Resources Maintenance 12.4%
Production & Transportation 20.5%
Sales & Office 20.8%
Other 15.4%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 9.6%
High School 47.0%
Masters Degree 2.7%
Some College 23.1%
Some High School 6.2%
Other 11.4%

502 W North 3rd St Comps

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502 W North 3rd St, Findlay, IL 62534 is a single family home of 1,204 sqft. HomeUnion INVESTimateĀ® for 502 W North 3rd St includes a Price Estimate of $76,221 and a Rent Estimate of $960. This single family home has 3 bedrooms,1 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 15.11% and Total Return of 21.35%. The estimated 1 year forecast in home value for 502 W North 3rd St is 1.05%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , SHELBY County , or the 62534 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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