INVESTimate
$47,013
Financial Details616 Park St PROPERTY INFO
FACTS
- Built In 0
- Price/Sqft : $112.62
CONSTRUCTION
- Beds : 0
- Floor Size : 1,190 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
616 Park St, Tabor, IA 51653 is a single family home of 1,190 sqft. HomeUnion estimate for 616 Park St includes a Price Estimate of $134,013 and a Rent Estimate of $655. This single family home has 0 bedrooms, 1 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 5.87% and Total Return of 10.18%. The estimated 1 year forecast in home value for 616 Park St is 0%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
616 Park St SCHOOLS
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Financial Details
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TABOR
Neighborhood : TABOR
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $655 per month.
MY RENT : $655 MEDIAN RENT : $857
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 $655 would therefore be considered affordable for annual household incomes greater than $26,200 (12 months x 3.333 x $655).
HOUSEHOLD INCOME RANGE
Approximately 962 of households in this neighborhood have a total annual income of $26,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $655 per month.
MINIMUM INCOME RANGE : $26,200
COMMUTE TIME DISTRIBUTION
49% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.
TABOR Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 8.4% |
| Educational Services | 12.2% |
| Health Care & Social Assistance | 21.9% |
| Manufacturing | 7.6% |
| Retail & Wholesale Trader | 8.9% |
| Transportation | 8.3% |
| Other | 32.8% |
AGE DISTRIBUTION
47% of the population is between the ages of 25 and 64, 33% is 24 or younger and 21% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 21.3% |
| 15-19 | 5.0% |
| 20-24 | 6.4% |
| 25-44 | 21.3% |
| 45-65 | 25.2% |
| 66+ | 20.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 11.0% |
| Management, Business, & Financial | 23.9% |
| Natural Resources Maintenance | 11.8% |
| PCare | 9.0% |
| Production & Transportation | 14.5% |
| Sales & Office | 11.7% |
| Other | 18.2% |
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 | 11.6% |
| High School | 33.4% |
| Masters Degree | 5.3% |
| Some College | 22.1% |
| Some High School | 7.5% |
| Other | 20.1% |
616 Park St Comps
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