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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.

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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.

507 2nd Ave Audubon, IA 50025

0 Beds 2 Baths 1,964 sqft Built 1950
Last updated:  Jan 23, 2020

INVESTimate

$107,863

$100K - $115K

Price Est.

$971

849 - $1.1K

Rent Est.

$112,501  ( +4.3%)   1 YR EST. FORECAST

507 2nd Ave PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $54.92
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,964 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
507 2nd Ave, Audubon, IA 50025 is a single family home of 1,964 sqft. HomeUnion estimate for 507 2nd Ave includes a Price Estimate of $107,863 and a Rent Estimate of $971. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 10.80% and Total Return of 23.54%. The estimated 1 year forecast in home value for 507 2nd Ave is 4.3%.
  
  
  

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507 2nd Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
AUDUBON ELEMENTARY SCHOOL Primary Regular 249 18 5

AUDUBON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 249
  • # of teachers: 18
5
GreatSchools Rating
 

Financial Details

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Neighborhood

AUDUBON

  • 3,013

    POPULATION
  • 1,430

    HOUSEHOLDS
  • 61.9%

    WHITE COLLAR

Neighborhood : AUDUBON

HOUSEHOLDS
1,430
POPULATION

3,013

22.8%Renters
77.2%Home Owners
LABOR FORCE

 

61.9%White Collar
38.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $971 per month.

MY RENT : $971 MEDIAN RENT : $829

Rent % Distribution LEVEL
$500-699 23.0%
$700-899 41.1%
$900-999 11.9%
$1,000-1,499 22.7%
>=$1,500 1.3%
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 $971 would therefore be considered affordable for annual household incomes greater than $38,840 (12 months x 3.333 x $971).

Rent % Affordability
Above $500 85.0%
Above $700 73.5%
Above $1,100 54.2%
Above $1,500 40.1%
Above $1,900 29.0%
HOUSEHOLD INCOME RANGE

Approximately 691 of households in this neighborhood have a total annual income of $38,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $971 per month.

MINIMUM INCOME RANGE : $38,840

Income % Distribution
<$20K 15.0%
$20K-$35K 21.2%
$35K-$60K 23.6%
$60K-$100K 23.6%
>=$100K 16.5%
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.

Time (mins) % Distribution
<5 mins 18.0%
5-9 mins 27.2%
10-14 mins 10.2%
15-19 mins 12.0%
20-29 mins 12.1%
30-44 mins 15.3%
45-59 mins 2.2%
>60 mins 3.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $971 per month.

MY RENT : $971 MEDIAN RENT : $829

Rent % Distribution
$500-699 23.0%
$700-899 41.1%
$900-999 11.9%
$1,000-1,499 22.7%
>=$1,500 1.3%
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 $971 would therefore be considered affordable for annual household incomes greater than $38,840 (12 months x 3.333 x $971).

Rent % Affordability
Above $500 85.0%
Above $700 73.5%
Above $1,100 54.2%
Above $1,500 40.1%
Above $1,900 29.0%
HOUSEHOLD INCOME RANGE

Approximately 691 of households in this neighborhood have a total annual income of $38,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $971 per month.

MINIMUM INCOME RANGE : $38,840

Income % Distribution
<$20K 15.0%
$20K-$35K 21.2%
$35K-$60K 23.6%
$60K-$100K 23.6%
>=$100K 16.5%
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.

Time (mins) % Distribution
<5 mins 18.0%
5-9 mins 27.2%
10-14 mins 10.2%
15-19 mins 12.0%
20-29 mins 12.1%
30-44 mins 15.3%
45-59 mins 2.2%
>60 mins 3.0%

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%

507 2nd Ave 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 , AUDUBON County , or the 50025 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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