1. < Lovers Lane Rd

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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

12313 Lovers Lane Rd Spencer, OH 44275

4 Beds 3 Baths 3,175 sqft Built 2003
Last updated:  Jul 30, 2018

INVESTimate

$271,664

$254K - $289K

Price Est.

$2,877

$2.7K - $3.1K

Rent Est.

$83,491

Investment Est.

$279,841  ( +3.01%)   1 YR EST. FORECAST

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12313 Lovers Lane Rd PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $85.56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,175 sqft
  • Baths : 2 Full 1 Half

12313 Lovers Lane Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BLACK RIVER EDUCATION CENTER ELEMENTARY SCHOOL Primary Regular 607 34 4
BLACK RIVER EDUCATION CENTER MIDDLE SCHOOL Middle Regular 350 22 8
BLACK RIVER HIGH SCHOOL High Regular 370 25 8

BLACK RIVER EDUCATION CENTER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 34
4
GreatSchools Rating

BLACK RIVER EDUCATION CENTER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 350
  • # of teachers: 22
8
GreatSchools Rating

BLACK RIVER HIGH SCHOOL

  • Education Level: High
  • # of students: 370
  • # of teachers: 25
8
GreatSchools Rating
 

Financial Details

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Neighborhood

SPENCER

  • 3,206

    POPULATION

  • 1,183

    HOUSEHOLDS

  • 61.5%

    WHITE COLLAR

Neighborhood : SPENCER

HOUSEHOLDS
1,183
POPULATION

3,206

14.9%Renters
85.1%Home Owners
LABOR FORCE

 

61.5%White Collar
38.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 52% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,889 per month.

MY RENT : $2,889 MEDIAN RENT : $1,518

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 1.9%
$1,000-1,499 46.1%
>=$1,500 51.9%
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 $2,889 would therefore be considered affordable for annual household incomes greater than $115,560 (12 months x 3.333 x $2,889).

Rent % Affordability
Above $500 90.1%
Above $700 83.4%
Above $1,100 69.3%
Above $1,500 55.0%
Above $1,900 42.0%
HOUSEHOLD INCOME RANGE

Approximately 171 of households in this neighborhood have a total annual income of $115,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,889 per month.

MINIMUM INCOME RANGE : $115,560

Income % Distribution
<$20K 9.9%
$20K-$35K 9.9%
$35K-$60K 25.2%
$60K-$100K 28.1%
>=$100K 26.9%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 1.5%
10-14 mins 9.0%
15-19 mins 9.6%
20-29 mins 22.6%
30-44 mins 23.9%
45-59 mins 19.9%
>60 mins 11.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 52% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,889 per month.

MY RENT : $2,889 MEDIAN RENT : $1,518

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 1.9%
$1,000-1,499 46.1%
>=$1,500 51.9%
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 $2,889 would therefore be considered affordable for annual household incomes greater than $115,560 (12 months x 3.333 x $2,889).

Rent % Affordability
Above $500 90.1%
Above $700 83.4%
Above $1,100 69.3%
Above $1,500 55.0%
Above $1,900 42.0%
HOUSEHOLD INCOME RANGE

Approximately 171 of households in this neighborhood have a total annual income of $115,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,889 per month.

MINIMUM INCOME RANGE : $115,560

Income % Distribution
<$20K 9.9%
$20K-$35K 9.9%
$35K-$60K 25.2%
$60K-$100K 28.1%
>=$100K 26.9%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 1.5%
10-14 mins 9.0%
15-19 mins 9.6%
20-29 mins 22.6%
30-44 mins 23.9%
45-59 mins 19.9%
>60 mins 11.3%
SPENCER Demographics
INDUSTRY

           

Industry % Distribution
Construction 6.8%
Educational Services 6.3%
Health Care & Social Assistance 17.9%
Manufacturing 17.5%
Retail & Wholesale Trader 12.1%
Transportation 8.2%
Other 31.2%
OCCUPATION

           

Occupation % Distribution
Healthcare 7.0%
Management, Business, & Financial 21.3%
Natural Resources Maintenance 7.5%
PCare 5.7%
Production & Transportation 17.6%
Sales & Office 22.9%
Other 18.1%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.2%
15-19 5.3%
20-24 7.3%
25-44 22.6%
45-65 30.0%
66+ 16.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 9.8%
High School 48.0%
Masters Degree 5.1%
Some College 16.3%
Some High School 10.4%
Other 10.4%

SPENCER Demographics

INDUSTRY

Industry % Distribution
Construction 6.8%
Educational Services 6.3%
Health Care & Social Assistance 17.9%
Manufacturing 17.5%
Retail & Wholesale Trader 12.1%
Transportation 8.2%
Other 31.2%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 18.2%
15-19 5.3%
20-24 7.3%
25-44 22.6%
45-65 30.0%
66+ 16.6%
OCCUPATION

Occupation % Distribution
Healthcare 7.0%
Management, Business, & Financial 21.3%
Natural Resources Maintenance 7.5%
PCare 5.7%
Production & Transportation 17.6%
Sales & Office 22.9%
Other 18.1%
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 9.8%
High School 48.0%
Masters Degree 5.1%
Some College 16.3%
Some High School 10.4%
Other 10.4%

12313 Lovers Lane Rd Comps

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12313 Lovers Lane Rd, Spencer, OH 44275 is a single family home of 3,175 sqft. HomeUnion INVESTimateĀ® for 12313 Lovers Lane Rd includes a Price Estimate of $271,664 and a Rent Estimate of $2,877. This single family home has 4 bedrooms,3 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 12.71% and Total Return of 31.20%. The estimated 1 year forecast in home value for 12313 Lovers Lane Rd is 3.01%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , MEDINA County , or the 44275 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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