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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

2373 Pine Lake Ave Keego Harbor, MI 48320

2 Beds 1 Baths 826 sqft Built 1930
Last updated:  Jun 30, 2018

INVESTimate

$104,055

$88.4K - $120K

Price Est.

$1,055

950 - $1.2K

Rent Est.

$108,602  ( +4.37%)   1 YR EST. FORECAST
  
  
  

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2373 Pine Lake Ave PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $125.97
CONSTRUCTION
  • Beds : 2
  • Floor Size : 826 sqft
  • Baths : 1 Full

2373 Pine Lake Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ROOSEVELT ELEMENTARY SCHOOL Primary Magnet 391 26 8
ABBOTT MIDDLE SCHOOL Middle Regular 730 37 8
WEST BLOOMFIELD HIGH SCHOOL High Regular 1,884 92 9

ROOSEVELT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 391
  • # of teachers: 26
8
GreatSchools Rating

ABBOTT MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 730
  • # of teachers: 37
8
GreatSchools Rating

WEST BLOOMFIELD HIGH SCHOOL

  • Education Level: High
  • # of students: 1,884
  • # of teachers: 92
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Keego Harbor

  • 4,644

    POPULATION
  • 2,165

    HOUSEHOLDS
  • 72.7%

    WHITE COLLAR

Neighborhood : Keego Harbor

HOUSEHOLDS
2,165
POPULATION

4,644

36.7%Renters
63.3%Home Owners
LABOR FORCE

 

72.7%White Collar
27.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,068 per month.

MY RENT : $1,068 MEDIAN RENT : $1,458

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 3.2%
$900-999 7.1%
$1,000-1,499 42.5%
>=$1,500 47.2%
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 $1,068 would therefore be considered affordable for annual household incomes greater than $42,720 (12 months x 3.333 x $1,068).

Rent % Affordability
Above $500 81.2%
Above $700 73.5%
Above $1,100 55.7%
Above $1,500 43.2%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 1,080 of households in this neighborhood have a total annual income of $42,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,068 per month.

MINIMUM INCOME RANGE : $42,720

Income % Distribution
<$20K 18.8%
$20K-$35K 14.7%
$35K-$60K 23.3%
$60K-$100K 25.1%
>=$100K 18.1%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 6.9%
10-14 mins 11.0%
15-19 mins 12.4%
20-29 mins 26.1%
30-44 mins 22.8%
45-59 mins 12.1%
>60 mins 7.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,068 per month.

MY RENT : $1,068 MEDIAN RENT : $1,458

Rent % Distribution
$500-699 0.0%
$700-899 3.2%
$900-999 7.1%
$1,000-1,499 42.5%
>=$1,500 47.2%
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 $1,068 would therefore be considered affordable for annual household incomes greater than $42,720 (12 months x 3.333 x $1,068).

Rent % Affordability
Above $500 81.2%
Above $700 73.5%
Above $1,100 55.7%
Above $1,500 43.2%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 1,080 of households in this neighborhood have a total annual income of $42,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,068 per month.

MINIMUM INCOME RANGE : $42,720

Income % Distribution
<$20K 18.8%
$20K-$35K 14.7%
$35K-$60K 23.3%
$60K-$100K 25.1%
>=$100K 18.1%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 6.9%
10-14 mins 11.0%
15-19 mins 12.4%
20-29 mins 26.1%
30-44 mins 22.8%
45-59 mins 12.1%
>60 mins 7.2%

Keego Harbor Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 14.1%
Educational Services 7.8%
Health Care & Social Assistance 12.5%
Manufacturing 9.6%
Professional & Scientific Tech Services 6.2%
Retail & Wholesale Trader 15.5%
Other 34.3%
AGE DISTRIBUTION

61% of the population is between the ages of 25 and 64, 27% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 16.6%
15-19 5.0%
20-24 5.1%
25-44 28.6%
45-65 32.8%
66+ 11.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.4%
Healthcare 6.3%
Management, Business, & Financial 29.8%
Natural Resources Maintenance 7.2%
Production & Transportation 10.4%
Sales & Office 16.5%
Other 20.5%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.2%
High School 25.2%
Masters Degree 10.2%
Some College 22.7%
Some High School 7.5%
Other 27.2%

2373 Pine Lake Ave Comps

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2373 Pine Lake Ave, Keego Harbor, MI 48320 is a single family home of 826 sqft. HomeUnion INVESTimateĀ® for 2373 Pine Lake Ave includes a Price Estimate of $104,055 and a Rent Estimate of $1,055. This single family home has 2 bedrooms,1 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 12.17% and Total Return of 25.40%. The estimated 1 year forecast in home value for 2373 Pine Lake Ave is 4.37%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , OAKLAND County , or the 48320 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2