Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

5870 W Michael Cole Dr Fayetteville, AR 72704

0 Beds 2 Baths 1,748 sqft Built 1977
Last updated:  Jul 30, 2018

INVESTimate

$208,483

$197K - $220K

Price Est.

$1,301

$1.2K - $1.4K

Rent Est.

$220,471  ( +5.75%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 14108 BECKET RD Shaker Heights, OH
    • 4 beds 3 baths ∙ 1,660 Sqft ∙ Built 1926 4 beds 3 baths ∙ 1,660 Sqft ∙ Built 1926
    AVAILABLE
    • 18.56% GROSS YIELD
    • $6,636 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $97,000
    • $37,205
    • $1,500
  • 19500 BEVERLY AVE Maple Heights, OH
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1950
    AVAILABLE
    • 16.83% GROSS YIELD
    • $5,118 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $72,000
    • $30,580
    • $1,010
  • 3475 SILSBY RD University Heights, OH
    • 3 beds 1 baths ∙ 1,336 Sqft ∙ Built 1926 3 beds 1 baths ∙ 1,336 Sqft ∙ Built 1926
    AVAILABLE
    • 16.68% GROSS YIELD
    • $5,660 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $84,900
    • $33,998
    • $1,180
  • 3138 ASHWOOD RD Cleveland, OH
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1938
    AVAILABLE
    • 16.50% GROSS YIELD
    • $5,047 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $74,900
    • $31,348
    • $1,030

5870 W Michael Cole Dr PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $119.27
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,748 sqft
  • Baths : 2 Full

5870 W Michael Cole Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FARMINGTON HIGH SCHOOL High Regular 643 52 7

FARMINGTON HIGH SCHOOL

  • Education Level: High
  • # of students: 643
  • # of teachers: 52
7
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

White Rock

  • 2,721

    POPULATION
  • 960

    HOUSEHOLDS
  • 66.8%

    WHITE COLLAR

Neighborhood : White Rock

HOUSEHOLDS
960
POPULATION

2,721

20.4%Renters
79.6%Home Owners
LABOR FORCE

 

66.8%White Collar
33.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,301 per month.

MY RENT : $1,301 MEDIAN RENT : $1,334

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 3.7%
$900-999 4.9%
$1,000-1,499 58.4%
>=$1,500 33.0%
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 $1,301 would therefore be considered affordable for annual household incomes greater than $52,040 (12 months x 3.333 x $1,301).

Rent % Affordability
Above $500 88.6%
Above $700 83.6%
Above $1,100 72.9%
Above $1,500 60.3%
Above $1,900 52.3%
HOUSEHOLD INCOME RANGE

Approximately 601 of households in this neighborhood have a total annual income of $52,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,301 per month.

MINIMUM INCOME RANGE : $52,040

Income % Distribution
<$20K 11.4%
$20K-$35K 8.7%
$35K-$60K 19.7%
$60K-$100K 31.7%
>=$100K 28.6%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 27% 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 2.7%
5-9 mins 12.1%
10-14 mins 11.8%
15-19 mins 14.3%
20-29 mins 28.7%
30-44 mins 25.1%
45-59 mins 5.2%
>60 mins 0.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,301 per month.

MY RENT : $1,301 MEDIAN RENT : $1,334

Rent % Distribution
$500-699 0.0%
$700-899 3.7%
$900-999 4.9%
$1,000-1,499 58.4%
>=$1,500 33.0%
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 $1,301 would therefore be considered affordable for annual household incomes greater than $52,040 (12 months x 3.333 x $1,301).

Rent % Affordability
Above $500 88.6%
Above $700 83.6%
Above $1,100 72.9%
Above $1,500 60.3%
Above $1,900 52.3%
HOUSEHOLD INCOME RANGE

Approximately 601 of households in this neighborhood have a total annual income of $52,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,301 per month.

MINIMUM INCOME RANGE : $52,040

Income % Distribution
<$20K 11.4%
$20K-$35K 8.7%
$35K-$60K 19.7%
$60K-$100K 31.7%
>=$100K 28.6%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 27% 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 2.7%
5-9 mins 12.1%
10-14 mins 11.8%
15-19 mins 14.3%
20-29 mins 28.7%
30-44 mins 25.1%
45-59 mins 5.2%
>60 mins 0.1%

White Rock Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.5%
Construction 6.2%
Educational Services 14.7%
Health Care & Social Assistance 13.2%
Professional & Scientific Tech Services 7.7%
Retail & Wholesale Trader 19.8%
Other 26.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 39% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 22.2%
15-19 8.8%
20-24 8.2%
25-44 28.2%
45-65 21.4%
66+ 11.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.6%
Construction 7.0%
Management, Business, & Financial 15.1%
Natural Resources Maintenance 9.5%
Production & Transportation 8.4%
Sales & Office 26.7%
Other 27.6%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.5%
High School 28.8%
Masters Degree 9.8%
Some College 23.9%
Some High School 4.1%
Other 28.9%

5870 W Michael Cole Dr Comps

Sorry, we do not have sufficient data available.

5870 W Michael Cole Dr, Fayetteville, AR 72704 is a single family home of 1,748 sqft. HomeUnion INVESTimate® for 5870 W Michael Cole Dr includes a Price Estimate of $208,483 and a Rent Estimate of $1,301. This single family home has 0 bedrooms,2 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 7.49% and Total Return of 23.77%. The estimated 1 year forecast in home value for 5870 W Michael Cole Dr is 5.75%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AR, WASHINGTON County, or the 72704 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2