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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

115 Murphy St Jonesville, MI 49250

0 Beds 1 Baths 778 sqft Built 0
Last updated:  Jul 30, 2018

INVESTimate

$46,182

$42.2K - $50.2K

Price Est.

$686

592 - 780

Rent Est.

$47,083  ( +1.95%)   1 YR EST. FORECAST
  
  
  

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115 Murphy St PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $59.36
CONSTRUCTION
  • Beds : 0
  • Floor Size : 778 sqft
  • Baths : 1 Full

115 Murphy St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EMILY B. WILLIAMS ELEMENTARY SCHOOL Primary Regular 675 35 6
JONESVILLE MIDDLE SCHOOL Middle Regular 333 15 4
JONESVILLE HIGH SCHOOL High Regular 389 17 5

EMILY B. WILLIAMS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 35
6
GreatSchools Rating

JONESVILLE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 333
  • # of teachers: 15
4
GreatSchools Rating

JONESVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 389
  • # of teachers: 17
5
GreatSchools Rating
 

Financial Details

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Neighborhood

JONESVILLE

  • 6,255

    POPULATION
  • 2,400

    HOUSEHOLDS
  • 52.1%

    WHITE COLLAR

Neighborhood : JONESVILLE

HOUSEHOLDS
2,400
POPULATION

6,255

17.7%Renters
82.3%Home Owners
LABOR FORCE

 

52.1%White Collar
47.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $652 per month.

MY RENT : $652 MEDIAN RENT : $884

Rent % Distribution LEVEL
$500-699 26.8%
$700-899 25.6%
$900-999 13.1%
$1,000-1,499 31.4%
>=$1,500 3.2%
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 $652 would therefore be considered affordable for annual household incomes greater than $26,080 (12 months x 3.333 x $652).

Rent % Affordability
Above $500 81.9%
Above $700 73.8%
Above $1,100 54.2%
Above $1,500 38.3%
Above $1,900 30.2%
HOUSEHOLD INCOME RANGE

Approximately 5,063 of households in this neighborhood have a total annual income of $26,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $652 per month.

MINIMUM INCOME RANGE : $26,080

Income % Distribution
<$20K 18.1%
$20K-$35K 15.6%
$35K-$60K 28.0%
$60K-$100K 20.4%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.0%
5-9 mins 14.6%
10-14 mins 16.9%
15-19 mins 14.1%
20-29 mins 18.4%
30-44 mins 19.2%
45-59 mins 6.2%
>60 mins 5.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $652 per month.

MY RENT : $652 MEDIAN RENT : $884

Rent % Distribution
$500-699 26.8%
$700-899 25.6%
$900-999 13.1%
$1,000-1,499 31.4%
>=$1,500 3.2%
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 $652 would therefore be considered affordable for annual household incomes greater than $26,080 (12 months x 3.333 x $652).

Rent % Affordability
Above $500 81.9%
Above $700 73.8%
Above $1,100 54.2%
Above $1,500 38.3%
Above $1,900 30.2%
HOUSEHOLD INCOME RANGE

Approximately 5,063 of households in this neighborhood have a total annual income of $26,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $652 per month.

MINIMUM INCOME RANGE : $26,080

Income % Distribution
<$20K 18.1%
$20K-$35K 15.6%
$35K-$60K 28.0%
$60K-$100K 20.4%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.0%
5-9 mins 14.6%
10-14 mins 16.9%
15-19 mins 14.1%
20-29 mins 18.4%
30-44 mins 19.2%
45-59 mins 6.2%
>60 mins 5.6%

JONESVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.7%
Educational Services 10.3%
Health Care & Social Assistance 14.7%
Manufacturing 24.6%
Public Administration 5.3%
Retail & Wholesale Trader 13.8%
Other 25.6%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 18.6%
15-19 9.8%
20-24 5.0%
25-44 21.6%
45-65 27.6%
66+ 17.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.7%
Healthcare 7.6%
Management, Business, & Financial 12.7%
Natural Resources Maintenance 11.0%
Production & Transportation 27.4%
Sales & Office 21.9%
Other 14.7%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.8%
High School 35.4%
Masters Degree 5.2%
Some College 26.6%
Some High School 12.4%
Other 11.5%

115 Murphy St Comps

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115 Murphy St, Jonesville, MI 49250 is a single family home of 778 sqft. HomeUnion INVESTimateĀ® for 115 Murphy St includes a Price Estimate of $46,182 and a Rent Estimate of $686. This single family home has 0 bedrooms,1 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 17.83% and Total Return of 22.42%. The estimated 1 year forecast in home value for 115 Murphy St is 1.95%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , HILLSDALE County , or the 49250 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2