1. < 2nd Ave

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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.

611 2nd Ave Audubon, IA 50025

0 Beds 2 Baths 2,495 sqft Built 1957
Last updated:  Jan 23, 2020

INVESTimate

$120,644

$112K - $129K

Price Est.

$1,097

943 - $1.3K

Rent Est.

$43,471

Investment Est.

$125,832  ( +4.3%)   1 YR EST. FORECAST

611 2nd Ave PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $48.35
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,495 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
611 2nd Ave, Audubon, IA 50025 is a single family home of 2,495 sqft. HomeUnion estimate for 611 2nd Ave includes a Price Estimate of $120,644 and a Rent Estimate of $1,097. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1957. This property has an estimated 15 year annualized Yield of 10.91% and Total Return of 23.67%. The estimated 1 year forecast in home value for 611 2nd Ave is 4.3%.

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611 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

  • 3,045

    POPULATION

  • 1,426

    HOUSEHOLDS

  • 60.7%

    WHITE COLLAR

Neighborhood : AUDUBON

HOUSEHOLDS
1,426
POPULATION

3,045

19.2%Renters
80.8%Home Owners
LABOR FORCE

 

60.7%White Collar
39.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,097 per month.

MY RENT : $1,097 MEDIAN RENT : $846

Rent % Distribution LEVEL
$500-699 19.6%
$700-899 40.5%
$900-999 14.7%
$1,000-1,499 24.1%
>=$1,500 1.2%
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 $1,097 would therefore be considered affordable for annual household incomes greater than $43,880 (12 months x 3.333 x $1,097).

Rent % Affordability
Above $500 82.3%
Above $700 66.9%
Above $1,100 50.4%
Above $1,500 40.4%
Above $1,900 28.5%
HOUSEHOLD INCOME RANGE

Approximately 640 of households in this neighborhood have a total annual income of $43,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,097 per month.

MINIMUM INCOME RANGE : $43,880

Income % Distribution
<$20K 17.7%
$20K-$35K 24.9%
$35K-$60K 16.9%
$60K-$100K 24.6%
>=$100K 15.8%
COMMUTE TIME DISTRIBUTION

35% of the working population has a commute time of 15 to 44 minutes, 60% 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 15.8%
5-9 mins 29.7%
10-14 mins 14.1%
15-19 mins 10.3%
20-29 mins 8.8%
30-44 mins 16.4%
45-59 mins 2.2%
>60 mins 2.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,097 per month.

MY RENT : $1,097 MEDIAN RENT : $846

Rent % Distribution
$500-699 19.6%
$700-899 40.5%
$900-999 14.7%
$1,000-1,499 24.1%
>=$1,500 1.2%
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 $1,097 would therefore be considered affordable for annual household incomes greater than $43,880 (12 months x 3.333 x $1,097).

Rent % Affordability
Above $500 82.3%
Above $700 66.9%
Above $1,100 50.4%
Above $1,500 40.4%
Above $1,900 28.5%
HOUSEHOLD INCOME RANGE

Approximately 640 of households in this neighborhood have a total annual income of $43,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,097 per month.

MINIMUM INCOME RANGE : $43,880

Income % Distribution
<$20K 17.7%
$20K-$35K 24.9%
$35K-$60K 16.9%
$60K-$100K 24.6%
>=$100K 15.8%
COMMUTE TIME DISTRIBUTION

35% of the working population has a commute time of 15 to 44 minutes, 60% 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 15.8%
5-9 mins 29.7%
10-14 mins 14.1%
15-19 mins 10.3%
20-29 mins 8.8%
30-44 mins 16.4%
45-59 mins 2.2%
>60 mins 2.7%
AUDUBON Demographics
INDUSTRY

           

Industry % Distribution
Agriculture, Fishing & Game 13.1%
Construction 6.8%
Educational Services 5.7%
Health Care & Social Assistance 13.7%
Manufacturing 9.2%
Retail & Wholesale Trader 19.1%
Other 32.4%
OCCUPATION

           

Occupation % Distribution
Education 4.8%
Healthcare 9.2%
Management, Business, & Financial 21.9%
Natural Resources Maintenance 14.2%
Production & Transportation 16.3%
Sales & Office 20.1%
Other 13.5%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 15.7%
15-19 5.6%
20-24 5.4%
25-44 18.4%
45-65 29.6%
66+ 25.3%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 13.9%
High School 40.5%
Masters Degree 3.2%
Some College 20.7%
Some High School 11.1%
Other 10.7%

AUDUBON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 13.1%
Construction 6.8%
Educational Services 5.7%
Health Care & Social Assistance 13.7%
Manufacturing 9.2%
Retail & Wholesale Trader 19.1%
Other 32.4%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 27% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 15.7%
15-19 5.6%
20-24 5.4%
25-44 18.4%
45-65 29.6%
66+ 25.3%
OCCUPATION

Occupation % Distribution
Education 4.8%
Healthcare 9.2%
Management, Business, & Financial 21.9%
Natural Resources Maintenance 14.2%
Production & Transportation 16.3%
Sales & Office 20.1%
Other 13.5%
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 13.9%
High School 40.5%
Masters Degree 3.2%
Some College 20.7%
Some High School 11.1%
Other 10.7%

611 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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