INVESTimate
$31,212
Financial Details505 Davis St PROPERTY INFO
FACTS
- Built In 1900
- Price/Sqft : $52.83
CONSTRUCTION
- Beds : 0
- Floor Size : 1,408 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
505 Davis St, Audubon, IA 50025 is a single family home of 1,408 sqft. HomeUnion estimate for 505 Davis St includes a Price Estimate of $74,384 and a Rent Estimate of $839. This single family home has 0 bedrooms, 1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 13.54% and Total Return of 25.56%. The estimated 1 year forecast in home value for 505 Davis St is 4.3%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
505 Davis St SCHOOLS
Financial Details
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AUDUBON
Neighborhood : AUDUBON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $839 per month.
MY RENT : $839 MEDIAN RENT : $829
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 $839 would therefore be considered affordable for annual household incomes greater than $33,560 (12 months x 3.333 x $839).
HOUSEHOLD INCOME RANGE
Approximately 3,648 of households in this neighborhood have a total annual income of $33,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $839 per month.
MINIMUM INCOME RANGE : $33,560
COMMUTE TIME DISTRIBUTION
39% of the working population has a commute time of 15 to 44 minutes, 55% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.
AUDUBON Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 12.8% |
| Construction | 7.6% |
| Educational Services | 5.4% |
| Health Care & Social Assistance | 12.0% |
| Manufacturing | 10.3% |
| Retail & Wholesale Trader | 17.5% |
| Other | 34.5% |
AGE DISTRIBUTION
49% of the population is between the ages of 25 and 64, 26% is 24 or younger and 25% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.6% |
| 15-19 | 6.0% |
| 20-24 | 4.9% |
| 25-44 | 19.6% |
| 45-65 | 29.2% |
| 66+ | 24.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 6.0% |
| Healthcare | 10.0% |
| Management, Business, & Financial | 20.7% |
| Natural Resources Maintenance | 16.0% |
| Production & Transportation | 15.2% |
| Sales & Office | 22.1% |
| Other | 10.0% |
HIGHEST EDUCATION LEVEL
17% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 12.5% |
| High School | 39.4% |
| Masters Degree | 2.9% |
| Some College | 24.2% |
| Some High School | 10.7% |
| Other | 10.3% |
505 Davis St Comps
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