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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.

7258 N County Road 830 E Forest, IN 46039

2 Beds 1 Baths 1,498 sqft Built 1950
Last updated:  Dec 26, 2019

INVESTimate

$163,532

$148K - $179K

Price Est.

$1,002

849 - $1.2K

Rent Est.

$167,146  ( +2.21%)   1 YR EST. FORECAST

7258 N County Road 830 E PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $109.17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,498 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
7258 N County Road 830 E, Forest, IN 46039 is a single family home of 1,498 sqft. HomeUnion estimate for 7258 N County Road 830 E includes a Price Estimate of $163,532 and a Rent Estimate of $1,002. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 7.35% and Total Return of 14.89%. The estimated 1 year forecast in home value for 7258 N County Road 830 E is 2.21%.
  
  
  

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7258 N County Road 830 E SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

FOREST

  • 469

    POPULATION
  • 187

    HOUSEHOLDS
  • 65.5%

    WHITE COLLAR

Neighborhood : FOREST

HOUSEHOLDS
187
POPULATION

469

15.1%Renters
84.9%Home Owners
LABOR FORCE

 

65.5%White Collar
34.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,002 per month.

MY RENT : $1,002 MEDIAN RENT : $1,019

Rent % Distribution LEVEL
$500-699 3.8%
$700-899 28.7%
$900-999 14.6%
$1,000-1,499 47.9%
>=$1,500 5.0%
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 $1,002 would therefore be considered affordable for annual household incomes greater than $40,080 (12 months x 3.333 x $1,002).

Rent % Affordability
Above $500 89.8%
Above $700 72.5%
Above $1,100 60.5%
Above $1,500 52.9%
Above $1,900 25.1%
HOUSEHOLD INCOME RANGE

Approximately 106 of households in this neighborhood have a total annual income of $40,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,002 per month.

MINIMUM INCOME RANGE : $40,080

Income % Distribution
<$20K 10.2%
$20K-$35K 25.7%
$35K-$60K 11.2%
$60K-$100K 41.2%
>=$100K 11.8%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.1%
5-9 mins 5.7%
10-14 mins 5.7%
15-19 mins 8.1%
20-29 mins 24.6%
30-44 mins 26.5%
45-59 mins 10.4%
>60 mins 10.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,002 per month.

MY RENT : $1,002 MEDIAN RENT : $1,019

Rent % Distribution
$500-699 3.8%
$700-899 28.7%
$900-999 14.6%
$1,000-1,499 47.9%
>=$1,500 5.0%
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 $1,002 would therefore be considered affordable for annual household incomes greater than $40,080 (12 months x 3.333 x $1,002).

Rent % Affordability
Above $500 89.8%
Above $700 72.5%
Above $1,100 60.5%
Above $1,500 52.9%
Above $1,900 25.1%
HOUSEHOLD INCOME RANGE

Approximately 106 of households in this neighborhood have a total annual income of $40,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,002 per month.

MINIMUM INCOME RANGE : $40,080

Income % Distribution
<$20K 10.2%
$20K-$35K 25.7%
$35K-$60K 11.2%
$60K-$100K 41.2%
>=$100K 11.8%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.1%
5-9 mins 5.7%
10-14 mins 5.7%
15-19 mins 8.1%
20-29 mins 24.6%
30-44 mins 26.5%
45-59 mins 10.4%
>60 mins 10.9%

FOREST Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 11.7%
Construction 7.6%
Educational Services 13.5%
Health Care & Social Assistance 17.5%
Manufacturing 32.7%
Retail & Wholesale Trader 9.0%
Other 8.1%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 24% is 24 or younger and 27% is 65 or older.

Age % Distribution
<15 14.7%
15-19 7.2%
20-24 2.3%
25-44 26.0%
45-65 22.8%
66+ 26.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.7%
Construction 11.3%
Management, Business, & Financial 24.4%
Natural Resources Maintenance 10.1%
Production & Transportation 22.0%
Sales & Office 8.3%
Other 13.1%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 15.7%
High School 41.7%
Masters Degree 8.3%
Some College 20.3%
Some High School 1.1%
Other 12.9%

7258 N County Road 830 E Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IN , CLINTON County , or the 46039 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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