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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 W Vine St Mount Pleasant, IA 52641

3 Beds 2 Baths 1,589 sqft Built 1965
Last updated:  Dec 26, 2019

INVESTimate

$135,203

$124K - $146K

Price Est.

$1,076

941 - $1.2K

Rent Est.

$139,908  ( +3.48%)   1 YR EST. FORECAST
  
  
  

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506 W Vine St PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $85.09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,589 sqft
  • Baths : 1 Full 1 Half

506 W Vine St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MOUNT PLEASANT HIGH SCHOOL High Regular 634 43 9

MOUNT PLEASANT HIGH SCHOOL

  • Education Level: High
  • # of students: 634
  • # of teachers: 43
9
GreatSchools Rating
 

Financial Details

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Neighborhood

MOUNT PLEASANT

  • 12,303

    POPULATION
  • 4,783

    HOUSEHOLDS
  • 55.8%

    WHITE COLLAR

Neighborhood : MOUNT PLEASANT

HOUSEHOLDS
4,783
POPULATION

12,303

33.1%Renters
66.9%Home Owners
LABOR FORCE

 

55.8%White Collar
44.2%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 $1,076 per month.

MY RENT : $1,076 MEDIAN RENT : $995

Rent % Distribution LEVEL
$500-699 5.3%
$700-899 28.8%
$900-999 16.8%
$1,000-1,499 44.4%
>=$1,500 4.7%
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 $1,076 would therefore be considered affordable for annual household incomes greater than $43,040 (12 months x 3.333 x $1,076).

Rent % Affordability
Above $500 83.6%
Above $700 76.6%
Above $1,100 59.2%
Above $1,500 42.7%
Above $1,900 29.3%
HOUSEHOLD INCOME RANGE

Approximately 2,382 of households in this neighborhood have a total annual income of $43,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,076 per month.

MINIMUM INCOME RANGE : $43,040

Income % Distribution
<$20K 16.4%
$20K-$35K 15.8%
$35K-$60K 25.1%
$60K-$100K 24.5%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

32% of the working population has a commute time of 15 to 44 minutes, 60% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 10.6%
5-9 mins 32.1%
10-14 mins 17.1%
15-19 mins 10.6%
20-29 mins 10.1%
30-44 mins 11.3%
45-59 mins 4.3%
>60 mins 3.9%
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 $1,076 per month.

MY RENT : $1,076 MEDIAN RENT : $995

Rent % Distribution
$500-699 5.3%
$700-899 28.8%
$900-999 16.8%
$1,000-1,499 44.4%
>=$1,500 4.7%
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 $1,076 would therefore be considered affordable for annual household incomes greater than $43,040 (12 months x 3.333 x $1,076).

Rent % Affordability
Above $500 83.6%
Above $700 76.6%
Above $1,100 59.2%
Above $1,500 42.7%
Above $1,900 29.3%
HOUSEHOLD INCOME RANGE

Approximately 2,382 of households in this neighborhood have a total annual income of $43,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,076 per month.

MINIMUM INCOME RANGE : $43,040

Income % Distribution
<$20K 16.4%
$20K-$35K 15.8%
$35K-$60K 25.1%
$60K-$100K 24.5%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

32% of the working population has a commute time of 15 to 44 minutes, 60% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 10.6%
5-9 mins 32.1%
10-14 mins 17.1%
15-19 mins 10.6%
20-29 mins 10.1%
30-44 mins 11.3%
45-59 mins 4.3%
>60 mins 3.9%

MOUNT PLEASANT Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.1%
Construction 4.7%
Educational Services 11.5%
Health Care & Social Assistance 12.5%
Manufacturing 23.0%
Retail & Wholesale Trader 16.0%
Other 26.2%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 15.9%
15-19 7.3%
20-24 8.0%
25-44 24.9%
45-65 26.6%
66+ 17.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.2%
Construction 7.4%
Management, Business, & Financial 16.5%
Natural Resources Maintenance 9.1%
Production & Transportation 24.3%
Sales & Office 17.5%
Other 19.0%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.7%
High School 37.6%
Masters Degree 4.5%
Some College 20.5%
Some High School 8.6%
Other 16.0%

506 W Vine St Comps

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506 W Vine St, Mount Pleasant, IA 52641 is a single family home of 1,589 sqft. HomeUnion INVESTimateĀ® for 506 W Vine St includes a Price Estimate of $135,203 and a Rent Estimate of $1,076. This single family home has 3 bedrooms,2 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 9.55% and Total Return of 18.11%. The estimated 1 year forecast in home value for 506 W Vine St is 3.48%.

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