Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

1208 E Smith St Bay City, MI 48706

2 Beds 1 Baths 1,152 sqft Built 1924
Last updated:  Jul 30, 2018

INVESTimate

$48,512

$46.1K - $50.9K

Price Est.

$722

611 - 833

Rent Est.

$49,594  ( +2.23%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

1208 E Smith St PROPERTY INFO

FACTS
  • Built In 1924
  • Price/Sqft : $42.11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,152 sqft
  • Baths : 1 Full

1208 E Smith St SCHOOLS

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

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

BAY CITY

  • 39,368

    POPULATION
  • 16,402

    HOUSEHOLDS
  • 57.8%

    WHITE COLLAR

Neighborhood : BAY CITY

HOUSEHOLDS
16,402
POPULATION

39,368

20.9%Renters
79.1%Home Owners
LABOR FORCE

 

57.8%White Collar
42.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 23% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $696 per month.

MY RENT : $696 MEDIAN RENT : $617

Rent % Distribution LEVEL
$500-699 78.4%
$700-899 16.7%
$900-999 0.5%
$1,000-1,499 4.3%
>=$1,500 0.1%
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 $696 would therefore be considered affordable for annual household incomes greater than $27,840 (12 months x 3.333 x $696).

Rent % Affordability
Above $500 81.9%
Above $700 72.2%
Above $1,100 52.7%
Above $1,500 38.6%
Above $1,900 26.7%
HOUSEHOLD INCOME RANGE

Approximately 39,368 of households in this neighborhood have a total annual income of $27,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $696 per month.

MINIMUM INCOME RANGE : $27,840

Income % Distribution
<$20K 18.1%
$20K-$35K 19.3%
$35K-$60K 24.0%
$60K-$100K 23.2%
>=$100K 15.5%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 14.8%
10-14 mins 19.3%
15-19 mins 15.3%
20-29 mins 27.8%
30-44 mins 11.3%
45-59 mins 3.0%
>60 mins 4.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 23% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $696 per month.

MY RENT : $696 MEDIAN RENT : $617

Rent % Distribution
$500-699 78.4%
$700-899 16.7%
$900-999 0.5%
$1,000-1,499 4.3%
>=$1,500 0.1%
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 $696 would therefore be considered affordable for annual household incomes greater than $27,840 (12 months x 3.333 x $696).

Rent % Affordability
Above $500 81.9%
Above $700 72.2%
Above $1,100 52.7%
Above $1,500 38.6%
Above $1,900 26.7%
HOUSEHOLD INCOME RANGE

Approximately 39,368 of households in this neighborhood have a total annual income of $27,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $696 per month.

MINIMUM INCOME RANGE : $27,840

Income % Distribution
<$20K 18.1%
$20K-$35K 19.3%
$35K-$60K 24.0%
$60K-$100K 23.2%
>=$100K 15.5%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 14.8%
10-14 mins 19.3%
15-19 mins 15.3%
20-29 mins 27.8%
30-44 mins 11.3%
45-59 mins 3.0%
>60 mins 4.8%

BAY CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.5%
Educational Services 7.5%
Health Care & Social Assistance 20.5%
Manufacturing 15.5%
Retail & Wholesale Trader 17.6%
Transportation 5.3%
Other 24.1%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 29% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 17.2%
15-19 5.2%
20-24 6.2%
25-44 24.1%
45-65 27.4%
66+ 20.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.4%
Healthcare 12.0%
Management, Business, & Financial 13.0%
Natural Resources Maintenance 9.5%
Production & Transportation 19.0%
Sales & Office 23.2%
Other 18.0%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.4%
High School 33.3%
Masters Degree 5.3%
Some College 25.4%
Some High School 10.1%
Other 14.5%

1208 E Smith St Comps

Sorry, we do not have sufficient data available.

1208 E Smith St, Bay City, MI 48706 is a single family home of 1,152 sqft. HomeUnion INVESTimateĀ® for 1208 E Smith St includes a Price Estimate of $48,512 and a Rent Estimate of $722. This single family home has 2 bedrooms,1 bathrooms, and was built in 1924. This property has an estimated 15 year annualized Yield of 17.86% and Total Return of 25.86%. The estimated 1 year forecast in home value for 1208 E Smith St is 2.23%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , BAY County , or the 48706 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2