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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

11250 Parks Rd Munith, MI 49259

3 Beds 2 Baths 2,012 sqft Built 1974
Last updated:  May 30, 2018

INVESTimate

$183,870

$171K - $197K

Price Est.

$1,480

$1.3K - $1.6K

Rent Est.

$193,027  ( +4.98%)   1 YR EST. FORECAST
  
  
  

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11250 Parks Rd PROPERTY INFO

FACTS
  • Built In 1974
  • Price/Sqft : $91.39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,012 sqft
  • Baths : 2 Full

11250 Parks Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EMMA SMITH ELEMENTARY SCHOOL Primary Regular 332 17 NA
STOCKBRIDGE MIDDLE SCHOOL Middle Regular 392 21 6
STOCKBRIDGE HIGH SCHOOL High Magnet 477 25 7

EMMA SMITH ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 332
  • # of teachers: 17
0
GreatSchools Rating

STOCKBRIDGE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 392
  • # of teachers: 21
6
GreatSchools Rating

STOCKBRIDGE HIGH SCHOOL

  • Education Level: High
  • # of students: 477
  • # of teachers: 25
7
GreatSchools Rating
 

Financial Details

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Neighborhood

MUNITH

  • 2,558

    POPULATION
  • 980

    HOUSEHOLDS
  • 49.1%

    WHITE COLLAR

Neighborhood : MUNITH

HOUSEHOLDS
980
POPULATION

2,558

9.2%Renters
90.8%Home Owners
LABOR FORCE

 

49.1%White Collar
50.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,707 per month.

MY RENT : $1,707 MEDIAN RENT : $1,270

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.0%
$900-999 2.0%
$1,000-1,499 89.0%
>=$1,500 8.0%
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 $1,707 would therefore be considered affordable for annual household incomes greater than $68,280 (12 months x 3.333 x $1,707).

Rent % Affordability
Above $500 88.0%
Above $700 77.3%
Above $1,100 62.6%
Above $1,500 53.0%
Above $1,900 40.0%
HOUSEHOLD INCOME RANGE

Approximately 316 of households in this neighborhood have a total annual income of $68,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,707 per month.

MINIMUM INCOME RANGE : $68,280

Income % Distribution
<$20K 12.0%
$20K-$35K 17.5%
$35K-$60K 17.5%
$60K-$100K 30.7%
>=$100K 22.4%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 3.9%
10-14 mins 3.8%
15-19 mins 15.1%
20-29 mins 23.5%
30-44 mins 26.0%
45-59 mins 17.7%
>60 mins 9.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,707 per month.

MY RENT : $1,707 MEDIAN RENT : $1,270

Rent % Distribution
$500-699 0.0%
$700-899 1.0%
$900-999 2.0%
$1,000-1,499 89.0%
>=$1,500 8.0%
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 $1,707 would therefore be considered affordable for annual household incomes greater than $68,280 (12 months x 3.333 x $1,707).

Rent % Affordability
Above $500 88.0%
Above $700 77.3%
Above $1,100 62.6%
Above $1,500 53.0%
Above $1,900 40.0%
HOUSEHOLD INCOME RANGE

Approximately 316 of households in this neighborhood have a total annual income of $68,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,707 per month.

MINIMUM INCOME RANGE : $68,280

Income % Distribution
<$20K 12.0%
$20K-$35K 17.5%
$35K-$60K 17.5%
$60K-$100K 30.7%
>=$100K 22.4%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 3.9%
10-14 mins 3.8%
15-19 mins 15.1%
20-29 mins 23.5%
30-44 mins 26.0%
45-59 mins 17.7%
>60 mins 9.4%

MUNITH Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.2%
Construction 7.2%
Health Care & Social Assistance 19.3%
Manufacturing 23.8%
Professional & Scientific Tech Services 5.3%
Retail & Wholesale Trader 12.6%
Other 25.7%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 27% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 17.9%
15-19 5.6%
20-24 3.2%
25-44 24.2%
45-65 35.1%
66+ 13.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.0%
Healthcare 7.2%
Management, Business, & Financial 12.6%
Natural Resources Maintenance 17.3%
Production & Transportation 17.7%
Sales & Office 19.9%
Other 18.3%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.0%
High School 35.6%
Masters Degree 2.5%
Some College 29.6%
Some High School 11.3%
Other 11.9%

11250 Parks Rd Comps

Sorry, we do not have sufficient data available.

11250 Parks Rd, Munith, MI 49259 is a single family home of 2,012 sqft. HomeUnion INVESTimateĀ® for 11250 Parks Rd includes a Price Estimate of $183,870 and a Rent Estimate of $1,480. This single family home has 3 bedrooms,2 bathrooms, and was built in 1974. This property has an estimated 15 year annualized Yield of 9.66% and Total Return of 25.04%. The estimated 1 year forecast in home value for 11250 Parks Rd is 4.98%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , JACKSON County , or the 49259 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2