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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

12923 Townsend Dr 611 Grand Ledge, MI 48837

0 Beds 0 Baths 1,180 sqft Built 2005
Last updated:  Jun 30, 2018

INVESTimate

$86,960

$83.9K - $90.0K

Price Est.

$1,006

897 - $1.1K

Rent Est.

$91,656  ( +5.4%)   1 YR EST. FORECAST
  
  
  

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12923 Townsend Dr 611 PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $73.69
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,180 sqft
  • Baths : 0 Full

12923 Townsend Dr 611 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WILLOW RIDGE ELEMENTARY SCHOOL Primary Regular 510 26 7
LEON W. HAYES MIDDLE SCHOOL Middle Regular 781 41 7
GRAND LEDGE HIGH SCHOOL High Regular 1,729 85 8

WILLOW RIDGE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 510
  • # of teachers: 26
7
GreatSchools Rating

LEON W. HAYES MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 41
7
GreatSchools Rating

GRAND LEDGE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,729
  • # of teachers: 85
8
GreatSchools Rating
 

Financial Details

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Neighborhood

GRAND LEDGE

  • 19,229

    POPULATION
  • 7,951

    HOUSEHOLDS
  • 67.8%

    WHITE COLLAR

Neighborhood : GRAND LEDGE

HOUSEHOLDS
7,951
POPULATION

19,229

21.3%Renters
78.7%Home Owners
LABOR FORCE

 

67.8%White Collar
32.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $965 per month.

MY RENT : $965 MEDIAN RENT : $1,076

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 2.4%
$900-999 18.6%
$1,000-1,499 73.8%
>=$1,500 5.2%
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 $965 would therefore be considered affordable for annual household incomes greater than $38,600 (12 months x 3.333 x $965).

Rent % Affordability
Above $500 90.0%
Above $700 84.1%
Above $1,100 70.5%
Above $1,500 57.1%
Above $1,900 42.8%
HOUSEHOLD INCOME RANGE

Approximately 5,111 of households in this neighborhood have a total annual income of $38,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $965 per month.

MINIMUM INCOME RANGE : $38,600

Income % Distribution
<$20K 10.0%
$20K-$35K 12.6%
$35K-$60K 20.3%
$60K-$100K 29.7%
>=$100K 27.4%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 12.0%
10-14 mins 13.4%
15-19 mins 21.5%
20-29 mins 32.2%
30-44 mins 12.1%
45-59 mins 2.5%
>60 mins 3.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $965 per month.

MY RENT : $965 MEDIAN RENT : $1,076

Rent % Distribution
$500-699 0.0%
$700-899 2.4%
$900-999 18.6%
$1,000-1,499 73.8%
>=$1,500 5.2%
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 $965 would therefore be considered affordable for annual household incomes greater than $38,600 (12 months x 3.333 x $965).

Rent % Affordability
Above $500 90.0%
Above $700 84.1%
Above $1,100 70.5%
Above $1,500 57.1%
Above $1,900 42.8%
HOUSEHOLD INCOME RANGE

Approximately 5,111 of households in this neighborhood have a total annual income of $38,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $965 per month.

MINIMUM INCOME RANGE : $38,600

Income % Distribution
<$20K 10.0%
$20K-$35K 12.6%
$35K-$60K 20.3%
$60K-$100K 29.7%
>=$100K 27.4%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 12.0%
10-14 mins 13.4%
15-19 mins 21.5%
20-29 mins 32.2%
30-44 mins 12.1%
45-59 mins 2.5%
>60 mins 3.2%

GRAND LEDGE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.3%
Educational Services 11.9%
Health Care & Social Assistance 10.4%
Manufacturing 12.3%
Public Administration 9.6%
Retail & Wholesale Trader 13.6%
Other 32.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 18.5%
15-19 6.4%
20-24 5.7%
25-44 23.7%
45-65 29.6%
66+ 16.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.4%
Construction 6.0%
Management, Business, & Financial 23.7%
Natural Resources Maintenance 8.1%
Production & Transportation 14.0%
Sales & Office 23.9%
Other 16.8%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.1%
High School 23.8%
Masters Degree 10.4%
Some College 27.6%
Some High School 3.6%
Other 24.5%

12923 Townsend Dr 611 Comps

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12923 Townsend Dr 611, Grand Ledge, MI 48837 is a single family home of 1,180 sqft. HomeUnion INVESTimateĀ® for 12923 Townsend Dr 611 includes a Price Estimate of $86,960 and a Rent Estimate of $1,006. This single family home has 0 bedrooms,0 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 13.88% and Total Return of 28.01%. The estimated 1 year forecast in home value for 12923 Townsend Dr 611 is 5.4%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , EATON County , or the 48837 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2