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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

13311 Mulberry Rd Ottawa Lake, MI 49267

4 Beds 3 Baths 2,334 sqft Built 2014
Last updated:  Jul 30, 2018

INVESTimate

$254,662

$224K - $285K

Price Est.

$2,214

$1.9K - $2.5K

Rent Est.

$277,658  ( +9.03%)   1 YR EST. FORECAST
  
  
  

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13311 Mulberry Rd PROPERTY INFO

FACTS
  • Built In 2014
  • Price/Sqft : $109.11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,334 sqft
  • Baths : 2 Full 1 Half

13311 Mulberry Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BLISSFIELD ELEMENTARY SCHOOL Primary Regular 560 31 7
BLISSFIELD MIDDLE SCHOOL Middle Regular 304 14 6
BLISSFIELD HIGH SCHOOL High Regular 378 21 7

BLISSFIELD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 31
7
GreatSchools Rating

BLISSFIELD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 304
  • # of teachers: 14
6
GreatSchools Rating

BLISSFIELD HIGH SCHOOL

  • Education Level: High
  • # of students: 378
  • # of teachers: 21
7
GreatSchools Rating
 

Financial Details

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Neighborhood

OTTAWA LAKE

  • 3,770

    POPULATION
  • 1,506

    HOUSEHOLDS
  • 52.6%

    WHITE COLLAR

Neighborhood : OTTAWA LAKE

HOUSEHOLDS
1,506
POPULATION

3,770

21.1%Renters
78.9%Home Owners
LABOR FORCE

 

52.6%White Collar
47.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 1% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,689 per month.

MY RENT : $1,689 MEDIAN RENT : $1,207

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.3%
$900-999 1.5%
$1,000-1,499 97.0%
>=$1,500 1.3%
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 $1,689 would therefore be considered affordable for annual household incomes greater than $67,560 (12 months x 3.333 x $1,689).

Rent % Affordability
Above $500 93.0%
Above $700 84.8%
Above $1,100 63.6%
Above $1,500 49.3%
Above $1,900 35.8%
HOUSEHOLD INCOME RANGE

Approximately 455 of households in this neighborhood have a total annual income of $67,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,689 per month.

MINIMUM INCOME RANGE : $67,560

Income % Distribution
<$20K 7.0%
$20K-$35K 15.4%
$35K-$60K 28.4%
$60K-$100K 28.1%
>=$100K 21.1%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 9.0%
10-14 mins 15.3%
15-19 mins 17.3%
20-29 mins 29.5%
30-44 mins 20.0%
45-59 mins 4.2%
>60 mins 2.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 1% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,689 per month.

MY RENT : $1,689 MEDIAN RENT : $1,207

Rent % Distribution
$500-699 0.0%
$700-899 0.3%
$900-999 1.5%
$1,000-1,499 97.0%
>=$1,500 1.3%
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 $1,689 would therefore be considered affordable for annual household incomes greater than $67,560 (12 months x 3.333 x $1,689).

Rent % Affordability
Above $500 93.0%
Above $700 84.8%
Above $1,100 63.6%
Above $1,500 49.3%
Above $1,900 35.8%
HOUSEHOLD INCOME RANGE

Approximately 455 of households in this neighborhood have a total annual income of $67,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,689 per month.

MINIMUM INCOME RANGE : $67,560

Income % Distribution
<$20K 7.0%
$20K-$35K 15.4%
$35K-$60K 28.4%
$60K-$100K 28.1%
>=$100K 21.1%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 9.0%
10-14 mins 15.3%
15-19 mins 17.3%
20-29 mins 29.5%
30-44 mins 20.0%
45-59 mins 4.2%
>60 mins 2.5%

OTTAWA LAKE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.3%
Construction 6.1%
Health Care & Social Assistance 19.7%
Manufacturing 20.3%
Retail & Wholesale Trader 13.1%
Transportation 6.5%
Other 26.9%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 25% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 13.2%
15-19 5.9%
20-24 5.9%
25-44 22.0%
45-65 32.4%
66+ 20.6%
OCCUPATION

Occupation % Distribution
Clean 5.0%
Healthcare 9.9%
Management, Business, & Financial 13.6%
Natural Resources Maintenance 11.0%
Production & Transportation 25.4%
Sales & Office 21.2%
Other 13.8%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.7%
High School 45.4%
Masters Degree 3.8%
Some College 19.2%
Some High School 5.8%
Other 16.1%

13311 Mulberry Rd Comps

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13311 Mulberry Rd, Ottawa Lake, MI 49267 is a single family home of 2,334 sqft. HomeUnion INVESTimateĀ® for 13311 Mulberry Rd includes a Price Estimate of $254,662 and a Rent Estimate of $2,214. This single family home has 4 bedrooms,3 bathrooms, and was built in 2014. This property has an estimated 15 year annualized Yield of 10.43% and Total Return of 34.50%. The estimated 1 year forecast in home value for 13311 Mulberry Rd is 9.03%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , LENAWEE County , or the 49267 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2