6047 Orchard St PROPERTY INFO
FACTS
- Built In 1971
- Price/Sqft : $85.04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,344 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
6047 Orchard St, Holy Cross, IA 52053 is a single family home of 2,344 sqft. HomeUnion estimate for 6047 Orchard St includes a Price Estimate of $199,326 and a Rent Estimate of $1,248. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 7.51% and Total Return of 14.66%. The estimated 1 year forecast in home value for 6047 Orchard St is 2.07%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
6047 Orchard St SCHOOLS
Financial Details
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HOLY CROSS
Neighborhood : HOLY CROSS
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,248 per month.
MY RENT : $1,248 MEDIAN RENT : $1,112
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 $1,248 would therefore be considered affordable for annual household incomes greater than $49,920 (12 months x 3.333 x $1,248).
HOUSEHOLD INCOME RANGE
Approximately 236 of households in this neighborhood have a total annual income of $49,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,248 per month.
MINIMUM INCOME RANGE : $49,920
COMMUTE TIME DISTRIBUTION
64% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
HOLY CROSS Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Agriculture, Fishing & Game | 13.6% |
Construction | 6.1% |
Educational Services | 9.1% |
Health Care & Social Assistance | 13.0% |
Manufacturing | 19.7% |
Retail & Wholesale Trader | 15.1% |
Other | 23.3% |
AGE DISTRIBUTION
48% of the population is between the ages of 25 and 64, 32% is 24 or younger and 20% is 65 or older.
Age | % Distribution |
---|---|
<15 | 20.6% |
15-19 | 7.1% |
20-24 | 4.6% |
25-44 | 20.5% |
45-65 | 27.6% |
66+ | 19.7% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 3.2% |
Healthcare | 9.7% |
Management, Business, & Financial | 27.3% |
Natural Resources Maintenance | 9.5% |
Production & Transportation | 18.0% |
Sales & Office | 23.4% |
Other | 9.0% |
HIGHEST EDUCATION LEVEL
13% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 9.5% |
High School | 47.7% |
Masters Degree | 3.2% |
Some College | 17.2% |
Some High School | 8.1% |
Other | 14.3% |
6047 Orchard St Comps
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