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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

14439 Charlotte Hwy Mulliken, MI 48861

0 Beds 2 Baths 1,232 sqft Built 2001
Last updated:  Jul 30, 2018

INVESTimate

$49,209

$45.5K - $52.9K

Price Est.

$976

871 - $1.1K

Rent Est.

$51,359  ( +4.37%)   1 YR EST. FORECAST
  
  
  

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14439 Charlotte Hwy PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $39.94
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,232 sqft
  • Baths : 2 Full

14439 Charlotte Hwy SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WESTWOOD ELEMENTARY SCHOOL Primary Regular 458 22 8
PORTLAND MIDDLE SCHOOL Middle Regular 450 23 8
PORTLAND HIGH SCHOOL High Regular 617 35 7

WESTWOOD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 22
8
GreatSchools Rating

PORTLAND MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 450
  • # of teachers: 23
8
GreatSchools Rating

PORTLAND HIGH SCHOOL

  • Education Level: High
  • # of students: 617
  • # of teachers: 35
7
GreatSchools Rating
 

Financial Details

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Neighborhood

MULLIKEN

  • 1,648

    POPULATION
  • 655

    HOUSEHOLDS
  • 49.8%

    WHITE COLLAR

Neighborhood : MULLIKEN

HOUSEHOLDS
655
POPULATION

1,648

15.2%Renters
84.8%Home Owners
LABOR FORCE

 

49.8%White Collar
50.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 41% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,031 per month.

MY RENT : $1,031 MEDIAN RENT : $997

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 6.9%
$900-999 49.0%
$1,000-1,499 44.1%
>=$1,500 0.0%
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 $1,031 would therefore be considered affordable for annual household incomes greater than $41,240 (12 months x 3.333 x $1,031).

Rent % Affordability
Above $500 89.2%
Above $700 80.5%
Above $1,100 62.9%
Above $1,500 50.4%
Above $1,900 38.1%
HOUSEHOLD INCOME RANGE

Approximately 376 of households in this neighborhood have a total annual income of $41,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,031 per month.

MINIMUM INCOME RANGE : $41,240

Income % Distribution
<$20K 10.8%
$20K-$35K 15.1%
$35K-$60K 23.8%
$60K-$100K 30.3%
>=$100K 20.1%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 6.4%
10-14 mins 6.2%
15-19 mins 11.6%
20-29 mins 22.0%
30-44 mins 36.4%
45-59 mins 8.2%
>60 mins 4.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 41% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,031 per month.

MY RENT : $1,031 MEDIAN RENT : $997

Rent % Distribution
$500-699 0.0%
$700-899 6.9%
$900-999 49.0%
$1,000-1,499 44.1%
>=$1,500 0.0%
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 $1,031 would therefore be considered affordable for annual household incomes greater than $41,240 (12 months x 3.333 x $1,031).

Rent % Affordability
Above $500 89.2%
Above $700 80.5%
Above $1,100 62.9%
Above $1,500 50.4%
Above $1,900 38.1%
HOUSEHOLD INCOME RANGE

Approximately 376 of households in this neighborhood have a total annual income of $41,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,031 per month.

MINIMUM INCOME RANGE : $41,240

Income % Distribution
<$20K 10.8%
$20K-$35K 15.1%
$35K-$60K 23.8%
$60K-$100K 30.3%
>=$100K 20.1%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 6.4%
10-14 mins 6.2%
15-19 mins 11.6%
20-29 mins 22.0%
30-44 mins 36.4%
45-59 mins 8.2%
>60 mins 4.7%

MULLIKEN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.2%
Financial Industries 7.1%
Health Care & Social Assistance 12.0%
Manufacturing 17.0%
Public Administration 7.7%
Retail & Wholesale Trader 14.0%
Other 34.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 30% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.4%
15-19 6.8%
20-24 5.6%
25-44 23.4%
45-65 29.5%
66+ 17.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.6%
Healthcare 6.3%
Management, Business, & Financial 16.9%
Natural Resources Maintenance 15.1%
Production & Transportation 20.8%
Sales & Office 22.1%
Other 14.2%
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 10.0%
High School 32.2%
Masters Degree 3.2%
Some College 32.5%
Some High School 9.7%
Other 12.3%

14439 Charlotte Hwy Comps

Sorry, we do not have sufficient data available.

14439 Charlotte Hwy, Mulliken, MI 48861 is a single family home of 1,232 sqft. HomeUnion INVESTimateĀ® for 14439 Charlotte Hwy includes a Price Estimate of $49,209 and a Rent Estimate of $976. This single family home has 0 bedrooms,2 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 23.80% and Total Return of 35.80%. The estimated 1 year forecast in home value for 14439 Charlotte Hwy is 4.37%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , IONIA County , or the 48861 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2