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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

615 S Gault St Arcadia, IA 51430

2 Beds 2 Baths 1,620 sqft Built 1980
Last updated:  Jan 23, 2020

INVESTimate

$123,162

$116K - $130K

Price Est.

$1,014

887 - $1.1K

Rent Est.

$125,514  ( +1.91%)   1 YR EST. FORECAST
  
  
  

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615 S Gault St PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $76.03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,620 sqft
  • Baths : 2 Full

615 S Gault St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ARCADIA ELEMENTARY SCHOOL Primary Regular 49 5 NA
WESTSIDE JUNIOR-SENIOR HIGH SCHOOL Middle Regular 134 14 9
WESTSIDE JUNIOR-SENIOR HIGH SCHOOL High Regular 134 14 9

ARCADIA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 49
  • # of teachers: 5
0
GreatSchools Rating

WESTSIDE JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 134
  • # of teachers: 14
9
GreatSchools Rating

WESTSIDE JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 134
  • # of teachers: 14
9
GreatSchools Rating
 

Financial Details

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Neighborhood

ARCADIA

  • 707

    POPULATION
  • 278

    HOUSEHOLDS
  • 62.8%

    WHITE COLLAR

Neighborhood : ARCADIA

HOUSEHOLDS
278
POPULATION

707

9.4%Renters
90.6%Home Owners
LABOR FORCE

 

62.8%White Collar
37.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,014 per month.

MY RENT : $1,014 MEDIAN RENT : $855

Rent % Distribution LEVEL
$500-699 13.7%
$700-899 42.0%
$900-999 12.3%
$1,000-1,499 28.3%
>=$1,500 3.8%
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 $1,014 would therefore be considered affordable for annual household incomes greater than $40,560 (12 months x 3.333 x $1,014).

Rent % Affordability
Above $500 93.9%
Above $700 87.1%
Above $1,100 76.6%
Above $1,500 52.0%
Above $1,900 30.4%
HOUSEHOLD INCOME RANGE

Approximately 173 of households in this neighborhood have a total annual income of $40,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,014 per month.

MINIMUM INCOME RANGE : $40,560

Income % Distribution
<$20K 6.1%
$20K-$35K 10.1%
$35K-$60K 31.8%
$60K-$100K 36.8%
>=$100K 15.2%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 35% 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 14.3%
5-9 mins 11.0%
10-14 mins 9.9%
15-19 mins 23.9%
20-29 mins 28.8%
30-44 mins 7.4%
45-59 mins 1.4%
>60 mins 3.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,014 per month.

MY RENT : $1,014 MEDIAN RENT : $855

Rent % Distribution
$500-699 13.7%
$700-899 42.0%
$900-999 12.3%
$1,000-1,499 28.3%
>=$1,500 3.8%
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 $1,014 would therefore be considered affordable for annual household incomes greater than $40,560 (12 months x 3.333 x $1,014).

Rent % Affordability
Above $500 93.9%
Above $700 87.1%
Above $1,100 76.6%
Above $1,500 52.0%
Above $1,900 30.4%
HOUSEHOLD INCOME RANGE

Approximately 173 of households in this neighborhood have a total annual income of $40,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,014 per month.

MINIMUM INCOME RANGE : $40,560

Income % Distribution
<$20K 6.1%
$20K-$35K 10.1%
$35K-$60K 31.8%
$60K-$100K 36.8%
>=$100K 15.2%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 35% 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 14.3%
5-9 mins 11.0%
10-14 mins 9.9%
15-19 mins 23.9%
20-29 mins 28.8%
30-44 mins 7.4%
45-59 mins 1.4%
>60 mins 3.3%

ARCADIA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.7%
Educational Services 7.4%
Health Care & Social Assistance 16.1%
Manufacturing 9.8%
Retail & Wholesale Trader 28.5%
Transportation 4.7%
Other 24.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 32% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 22.5%
15-19 5.7%
20-24 4.1%
25-44 22.8%
45-65 28.9%
66+ 16.1%
OCCUPATION

Occupation % Distribution
Construction 8.7%
Healthcare 9.8%
Management, Business, & Financial 15.0%
Natural Resources Maintenance 8.7%
Production & Transportation 19.2%
Sales & Office 30.0%
Other 8.7%
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 14.5%
High School 39.5%
Masters Degree 4.1%
Some College 20.7%
Some High School 7.4%
Other 13.8%

615 S Gault St Comps

Sorry, we do not have sufficient data available.

615 S Gault St, Arcadia, IA 51430 is a single family home of 1,620 sqft. HomeUnion INVESTimateĀ® for 615 S Gault St includes a Price Estimate of $123,162 and a Rent Estimate of $1,014. This single family home has 2 bedrooms,2 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 9.88% and Total Return of 17.79%. The estimated 1 year forecast in home value for 615 S Gault St is 1.91%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IA , CARROLL County , or the 51430 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 51467