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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

506 Division St Lucas, IA 50151

3 Beds 2 Baths 1,344 sqft Built 2013
Last updated:  Jan 23, 2020

INVESTimate

$157,701

$147K - $168K

Price Est.

$846

740 - 952

Rent Est.

$165,160  ( +4.73%)   1 YR EST. FORECAST
  
  
  

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506 Division St PROPERTY INFO

FACTS
  • Built In 2013
  • Price/Sqft : $117.34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 Full

506 Division St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
COLUMBUS ELEMENTARY SCHOOL Primary Regular 267 20 6
CHARITON MIDDLE SCHOOL Middle Regular 330 23 2
CHARITON HIGH SCHOOL High Regular 468 33 4

COLUMBUS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 267
  • # of teachers: 20
6
GreatSchools Rating

CHARITON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 330
  • # of teachers: 23
2
GreatSchools Rating

CHARITON HIGH SCHOOL

  • Education Level: High
  • # of students: 468
  • # of teachers: 33
4
GreatSchools Rating
 

Financial Details

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Neighborhood

LUCAS

  • 607

    POPULATION
  • 235

    HOUSEHOLDS
  • 61.2%

    WHITE COLLAR

Neighborhood : LUCAS

HOUSEHOLDS
235
POPULATION

607

14.6%Renters
85.4%Home Owners
LABOR FORCE

 

61.2%White Collar
38.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $846 per month.

MY RENT : $846 MEDIAN RENT : $833

Rent % Distribution LEVEL
$500-699 17.8%
$700-899 40.4%
$900-999 14.3%
$1,000-1,499 25.1%
>=$1,500 2.4%
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 $846 would therefore be considered affordable for annual household incomes greater than $33,840 (12 months x 3.333 x $846).

Rent % Affordability
Above $500 92.3%
Above $700 86.0%
Above $1,100 70.0%
Above $1,500 59.1%
Above $1,900 39.9%
HOUSEHOLD INCOME RANGE

Approximately 498 of households in this neighborhood have a total annual income of $33,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $846 per month.

MINIMUM INCOME RANGE : $33,840

Income % Distribution
<$20K 7.7%
$20K-$35K 14.9%
$35K-$60K 18.3%
$60K-$100K 30.6%
>=$100K 28.5%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 4.1%
10-14 mins 14.7%
15-19 mins 13.9%
20-29 mins 13.2%
30-44 mins 25.9%
45-59 mins 7.9%
>60 mins 16.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $846 per month.

MY RENT : $846 MEDIAN RENT : $833

Rent % Distribution
$500-699 17.8%
$700-899 40.4%
$900-999 14.3%
$1,000-1,499 25.1%
>=$1,500 2.4%
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 $846 would therefore be considered affordable for annual household incomes greater than $33,840 (12 months x 3.333 x $846).

Rent % Affordability
Above $500 92.3%
Above $700 86.0%
Above $1,100 70.0%
Above $1,500 59.1%
Above $1,900 39.9%
HOUSEHOLD INCOME RANGE

Approximately 498 of households in this neighborhood have a total annual income of $33,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $846 per month.

MINIMUM INCOME RANGE : $33,840

Income % Distribution
<$20K 7.7%
$20K-$35K 14.9%
$35K-$60K 18.3%
$60K-$100K 30.6%
>=$100K 28.5%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 4.1%
10-14 mins 14.7%
15-19 mins 13.9%
20-29 mins 13.2%
30-44 mins 25.9%
45-59 mins 7.9%
>60 mins 16.5%

LUCAS Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 14.8%
Construction 7.1%
Financial Industries 7.8%
Health Care & Social Assistance 10.6%
Manufacturing 8.8%
Retail & Wholesale Trader 19.4%
Other 31.4%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 35% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 18.8%
15-19 11.0%
20-24 5.6%
25-44 17.6%
45-65 26.2%
66+ 20.8%
OCCUPATION

Occupation % Distribution
Education 4.9%
Healthcare 8.5%
Management, Business, & Financial 21.1%
Natural Resources Maintenance 9.0%
Production & Transportation 20.2%
Sales & Office 23.8%
Other 12.6%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.2%
High School 40.8%
Masters Degree 3.7%
Some College 23.6%
Some High School 7.0%
Other 13.7%

506 Division St Comps

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506 Division St, Lucas, IA 50151 is a single family home of 1,344 sqft. HomeUnion INVESTimateĀ® for 506 Division St includes a Price Estimate of $157,701 and a Rent Estimate of $846. This single family home has 3 bedrooms,2 bathrooms, and was built in 2013. This property has an estimated 15 year annualized Yield of 6.44% and Total Return of 13.92%. The estimated 1 year forecast in home value for 506 Division St is 4.73%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , LUCAS County , or the 50151 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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