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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.

703 1st Ave Audubon, IA 50025

0 Beds 2 Baths 1,623 sqft Built 1918
Last updated:  Jan 23, 2020

INVESTimate

$70,491

$65.6K - $75.4K

Price Est.

$809

707 - 911

Rent Est.

$73,522  ( +4.3%)   1 YR EST. FORECAST

703 1st Ave PROPERTY INFO

FACTS
  • Built In 1918
  • Price/Sqft : $43.43
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,623 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
703 1st Ave, Audubon, IA 50025 is a single family home of 1,623 sqft. HomeUnion estimate for 703 1st Ave includes a Price Estimate of $70,491 and a Rent Estimate of $809. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1918. This property has an estimated 15 year annualized Yield of 13.77% and Total Return of 24.98%. The estimated 1 year forecast in home value for 703 1st Ave is 4.3%.
  
  
  

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703 1st 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 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $809 per month.

MY RENT : $809 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 $809 would therefore be considered affordable for annual household incomes greater than $32,360 (12 months x 3.333 x $809).

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 4,038 of households in this neighborhood have a total annual income of $32,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $809 per month.

MINIMUM INCOME RANGE : $32,360

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 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $809 per month.

MY RENT : $809 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 $809 would therefore be considered affordable for annual household incomes greater than $32,360 (12 months x 3.333 x $809).

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 4,038 of households in this neighborhood have a total annual income of $32,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $809 per month.

MINIMUM INCOME RANGE : $32,360

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%
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%

703 1st 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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