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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

507 3rd St Alvord, IA 51230

0 Beds 2 Baths 1,170 sqft Built 1972
Last updated:  Jan 23, 2020

INVESTimate

$92,535

$83.7K - $101K

Price Est.

$643

562 - 724

Rent Est.

$96,125  ( +3.88%)   1 YR EST. FORECAST
  
  
  

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507 3rd St PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $79.09
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,170 sqft
  • Baths : 1 Full 1 Half

507 3rd St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WEST LYON ELEMENTARY SCHOOL Primary Regular 537 34 8
WEST LYON ELEMENTARY SCHOOL Middle Regular 537 34 8
WEST LYON HIGH SCHOOL High Regular 216 19 10

WEST LYON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 537
  • # of teachers: 34
8
GreatSchools Rating

WEST LYON ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 537
  • # of teachers: 34
8
GreatSchools Rating

WEST LYON HIGH SCHOOL

  • Education Level: High
  • # of students: 216
  • # of teachers: 19
10
GreatSchools Rating
 

Financial Details

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Neighborhood

ALVORD

  • 524

    POPULATION
  • 183

    HOUSEHOLDS
  • 47.9%

    WHITE COLLAR

Neighborhood : ALVORD

HOUSEHOLDS
183
POPULATION

524

11.2%Renters
88.8%Home Owners
LABOR FORCE

 

47.9%White Collar
52.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $643 per month.

MY RENT : $643 MEDIAN RENT : $726

Rent % Distribution LEVEL
$500-699 31.9%
$700-899 45.9%
$900-999 5.2%
$1,000-1,499 14.8%
>=$1,500 2.2%
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 $643 would therefore be considered affordable for annual household incomes greater than $25,720 (12 months x 3.333 x $643).

Rent % Affordability
Above $500 93.1%
Above $700 88.4%
Above $1,100 74.4%
Above $1,500 64.6%
Above $1,900 48.4%
HOUSEHOLD INCOME RANGE

Approximately 317 of households in this neighborhood have a total annual income of $25,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $643 per month.

MINIMUM INCOME RANGE : $25,720

Income % Distribution
<$20K 6.9%
$20K-$35K 9.0%
$35K-$60K 19.6%
$60K-$100K 35.4%
>=$100K 29.1%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 57% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 24.3%
5-9 mins 9.1%
10-14 mins 24.0%
15-19 mins 11.0%
20-29 mins 21.7%
30-44 mins 5.7%
45-59 mins 3.0%
>60 mins 1.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $643 per month.

MY RENT : $643 MEDIAN RENT : $726

Rent % Distribution
$500-699 31.9%
$700-899 45.9%
$900-999 5.2%
$1,000-1,499 14.8%
>=$1,500 2.2%
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 $643 would therefore be considered affordable for annual household incomes greater than $25,720 (12 months x 3.333 x $643).

Rent % Affordability
Above $500 93.1%
Above $700 88.4%
Above $1,100 74.4%
Above $1,500 64.6%
Above $1,900 48.4%
HOUSEHOLD INCOME RANGE

Approximately 317 of households in this neighborhood have a total annual income of $25,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $643 per month.

MINIMUM INCOME RANGE : $25,720

Income % Distribution
<$20K 6.9%
$20K-$35K 9.0%
$35K-$60K 19.6%
$60K-$100K 35.4%
>=$100K 29.1%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 57% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 24.3%
5-9 mins 9.1%
10-14 mins 24.0%
15-19 mins 11.0%
20-29 mins 21.7%
30-44 mins 5.7%
45-59 mins 3.0%
>60 mins 1.1%

ALVORD Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 18.0%
Construction 6.6%
Health Care & Social Assistance 15.2%
Manufacturing 15.6%
Retail & Wholesale Trader 12.5%
Transportation 6.2%
Other 26.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 40% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 27.3%
15-19 8.0%
20-24 4.8%
25-44 21.9%
45-65 28.2%
66+ 9.7%
OCCUPATION

Occupation % Distribution
Clean 4.0%
Healthcare 7.0%
Management, Business, & Financial 20.1%
Natural Resources Maintenance 18.1%
Production & Transportation 25.1%
Sales & Office 18.1%
Other 7.5%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.2%
Doctorate 2.2%
High School 41.9%
Some College 20.0%
Some High School 10.3%
Other 13.4%

507 3rd St Comps

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507 3rd St, Alvord, IA 51230 is a single family home of 1,170 sqft. HomeUnion INVESTimateĀ® for 507 3rd St includes a Price Estimate of $92,535 and a Rent Estimate of $643. This single family home has 0 bedrooms,2 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 8.34% and Total Return of 15.67%. The estimated 1 year forecast in home value for 507 3rd St is 3.88%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , LYON County , or the 51230 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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  1. 51235