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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

10271 E Lovejoy Rd Perry, MI 48872

3 Beds 1 Baths 1,040 sqft Built 1976
Last updated:  Jul 30, 2018

INVESTimate

$117,826

$100K - $136K

Price Est.

$1,062

916 - $1.2K

Rent Est.

$125,697  ( +6.68%)   1 YR EST. FORECAST
  
  
  

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10271 E Lovejoy Rd PROPERTY INFO

FACTS
  • Built In 1976
  • Price/Sqft : $113.29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,040 sqft
  • Baths : 1 Full

10271 E Lovejoy Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NATALIE KREEGER ELEMENTARY SCHOOL Primary Regular 680 31 7
FOWLERVILLE JUNIOR HIGH SCHOOL Middle Regular 670 35 7
FOWLERVILLE HIGH SCHOOL High Regular 890 51 7

NATALIE KREEGER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 680
  • # of teachers: 31
7
GreatSchools Rating

FOWLERVILLE JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 670
  • # of teachers: 35
7
GreatSchools Rating

FOWLERVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 890
  • # of teachers: 51
7
GreatSchools Rating
 

Financial Details

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Neighborhood

PERRY

  • 7,138

    POPULATION
  • 2,675

    HOUSEHOLDS
  • 55.3%

    WHITE COLLAR

Neighborhood : PERRY

HOUSEHOLDS
2,675
POPULATION

7,138

19.4%Renters
80.6%Home Owners
LABOR FORCE

 

55.3%White Collar
44.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 2% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,025 per month.

MY RENT : $1,025 MEDIAN RENT : $776

Rent % Distribution LEVEL
$500-699 18.3%
$700-899 79.1%
$900-999 0.5%
$1,000-1,499 1.8%
>=$1,500 0.4%
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 $1,025 would therefore be considered affordable for annual household incomes greater than $41,000 (12 months x 3.333 x $1,025).

Rent % Affordability
Above $500 90.6%
Above $700 83.4%
Above $1,100 67.1%
Above $1,500 55.2%
Above $1,900 40.3%
HOUSEHOLD INCOME RANGE

Approximately 1,668 of households in this neighborhood have a total annual income of $41,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,025 per month.

MINIMUM INCOME RANGE : $41,000

Income % Distribution
<$20K 9.4%
$20K-$35K 12.7%
$35K-$60K 22.7%
$60K-$100K 29.5%
>=$100K 25.7%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 6.2%
10-14 mins 3.8%
15-19 mins 7.9%
20-29 mins 30.2%
30-44 mins 31.7%
45-59 mins 10.1%
>60 mins 8.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 2% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,025 per month.

MY RENT : $1,025 MEDIAN RENT : $776

Rent % Distribution
$500-699 18.3%
$700-899 79.1%
$900-999 0.5%
$1,000-1,499 1.8%
>=$1,500 0.4%
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 $1,025 would therefore be considered affordable for annual household incomes greater than $41,000 (12 months x 3.333 x $1,025).

Rent % Affordability
Above $500 90.6%
Above $700 83.4%
Above $1,100 67.1%
Above $1,500 55.2%
Above $1,900 40.3%
HOUSEHOLD INCOME RANGE

Approximately 1,668 of households in this neighborhood have a total annual income of $41,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,025 per month.

MINIMUM INCOME RANGE : $41,000

Income % Distribution
<$20K 9.4%
$20K-$35K 12.7%
$35K-$60K 22.7%
$60K-$100K 29.5%
>=$100K 25.7%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 6.2%
10-14 mins 3.8%
15-19 mins 7.9%
20-29 mins 30.2%
30-44 mins 31.7%
45-59 mins 10.1%
>60 mins 8.4%

PERRY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.1%
Construction 14.2%
Educational Services 9.1%
Health Care & Social Assistance 11.1%
Manufacturing 18.7%
Retail & Wholesale Trader 9.9%
Other 29.8%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 32% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.9%
15-19 7.8%
20-24 5.5%
25-44 23.5%
45-65 30.5%
66+ 13.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.9%
Healthcare 6.7%
Management, Business, & Financial 13.6%
Natural Resources Maintenance 15.9%
Production & Transportation 18.0%
Sales & Office 24.0%
Other 14.8%
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 13.3%
High School 34.7%
Masters Degree 4.7%
Some College 29.4%
Some High School 4.8%
Other 13.0%

10271 E Lovejoy Rd Comps

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10271 E Lovejoy Rd, Perry, MI 48872 is a single family home of 1,040 sqft. HomeUnion INVESTimateĀ® for 10271 E Lovejoy Rd includes a Price Estimate of $117,826 and a Rent Estimate of $1,062. This single family home has 3 bedrooms,1 bathrooms, and was built in 1976. This property has an estimated 15 year annualized Yield of 10.82% and Total Return of 27.77%. The estimated 1 year forecast in home value for 10271 E Lovejoy Rd is 6.68%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , LIVINGSTON County , or the 48872 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2