1. < Hempstead 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

2139 Hempstead Rd Auburn Hills, MI 48326

3 Beds 3 Baths 1,539 sqft Built 1961
Last updated:  Jun 30, 2018

INVESTimate

$153,763

$144K - $164K

Price Est.

$1,379

$1.2K - $1.5K

Rent Est.

$52,247

Investment Est.

$165,341  ( +7.53%)   1 YR EST. FORECAST

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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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
R. GRANT GRAHAM ELEMENTARY SCHOOL Primary Regular 390 20 7
AVONDALE MIDDLE SCHOOL Middle Regular 795 43 8
AVONDALE HIGH SCHOOL High Regular 1,059 54 7

R. GRANT GRAHAM ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 390
  • # of teachers: 20
7
GreatSchools Rating

AVONDALE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 43
8
GreatSchools Rating

AVONDALE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,059
  • # of teachers: 54
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Auburn Hills

  • 21,003

    POPULATION

  • 9,071

    HOUSEHOLDS

  • 69.9%

    WHITE COLLAR

Neighborhood : Auburn Hills

HOUSEHOLDS
9,071
POPULATION

21,003

52.3%Renters
47.7%Home Owners
LABOR FORCE

 

69.9%White Collar
30.1%Blue Collar
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

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 2.3%
$900-999 6.8%
$1,000-1,499 48.3%
>=$1,500 42.7%
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).

Rent % Affordability
Above $500 87.4%
Above $700 77.4%
Above $1,100 59.0%
Above $1,500 43.7%
Above $1,900 31.8%
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

Income % Distribution
<$20K 12.6%
$20K-$35K 20.7%
$35K-$60K 23.0%
$60K-$100K 25.4%
>=$100K 18.3%
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.

Time (mins) % Distribution
<5 mins 2.8%
5-9 mins 10.4%
10-14 mins 19.1%
15-19 mins 18.0%
20-29 mins 19.5%
30-44 mins 17.1%
45-59 mins 7.1%
>60 mins 6.1%
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

Rent % Distribution
$500-699 0.0%
$700-899 2.3%
$900-999 6.8%
$1,000-1,499 48.3%
>=$1,500 42.7%
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).

Rent % Affordability
Above $500 87.4%
Above $700 77.4%
Above $1,100 59.0%
Above $1,500 43.7%
Above $1,900 31.8%
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

Income % Distribution
<$20K 12.6%
$20K-$35K 20.7%
$35K-$60K 23.0%
$60K-$100K 25.4%
>=$100K 18.3%
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.

Time (mins) % Distribution
<5 mins 2.8%
5-9 mins 10.4%
10-14 mins 19.1%
15-19 mins 18.0%
20-29 mins 19.5%
30-44 mins 17.1%
45-59 mins 7.1%
>60 mins 6.1%
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%
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%
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 15.5%
15-19 6.5%
20-24 10.3%
25-44 33.4%
45-65 22.8%
66+ 11.6%
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 7.3%
High School 21.6%
Masters Degree 12.9%
Some College 22.2%
Some High School 7.9%
Other 28.0%

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 32.50%. 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

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