Financials
OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2139 Hempstead Rd PROPERTY INFO
FACTS
- Built In 1961
- Price/Sqft : $99.91
CONSTRUCTION
- Beds : 3
- Floor Size : 1,539 sqft
- Baths : 1 Full 2 Half
2139 Hempstead Rd SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
Auburn Hills
Neighborhood : Auburn Hills
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,552 per month.
MY RENT : $1,552 MEDIAN RENT : $1,435
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 $1,552 would therefore be considered affordable for annual household incomes greater than $62,080 (12 months x 3.333 x $1,552).
HOUSEHOLD INCOME RANGE
Approximately 2,539 of households in this neighborhood have a total annual income of $62,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,552 per month.
MINIMUM INCOME RANGE : $62,080
COMMUTE TIME DISTRIBUTION
54% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.
Auburn Hills Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 12.0% |
| Educational Services | 6.6% |
| Health Care & Social Assistance | 12.1% |
| Manufacturing | 22.5% |
| Professional & Scientific Tech Services | 10.7% |
| Retail & Wholesale Trader | 12.3% |
| Other | 23.8% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 32% is 24 or younger and 12% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.5% |
| 15-19 | 6.5% |
| 20-24 | 10.3% |
| 25-44 | 33.4% |
| 45-65 | 22.8% |
| 66+ | 11.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 18.9% |
| Healthcare | 8.8% |
| Management, Business, & Financial | 16.3% |
| Natural Resources Maintenance | 6.7% |
| Production & Transportation | 12.0% |
| Sales & Office | 17.9% |
| Other | 19.4% |
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 | 7.3% |
| High School | 21.6% |
| Masters Degree | 12.9% |
| Some College | 22.2% |
| Some High School | 7.9% |
| Other | 28.0% |
2139 Hempstead Rd Comps
Sorry, we do not have sufficient data available.
2139 Hempstead Rd, Auburn Hills, MI 48326 is a single family home of 1,539 sqft. HomeUnion INVESTimateĀ® for 2139 Hempstead Rd includes a Price Estimate of $153,763 and a Rent Estimate of $1,379. This single family home has 3 bedrooms,3 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 10.76% and Total Return of 31.49%. The estimated 1 year forecast in home value for 2139 Hempstead Rd is 7.53%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , OAKLAND County , or the 48326 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
