Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

2886 Lansdowne Rd Waterford Township, MI 48329

3 Beds 2 Baths 1,924 sqft Built 1977
Last updated:  Jun 30, 2018

INVESTimate

$220,258

$208K - $233K

Price Est.

$2,288

$2.0K - $2.6K

Rent Est.

$237,923  ( +8.02%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

2886 Lansdowne Rd PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $114.48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,924 sqft
  • Baths : 2 Full

2886 Lansdowne Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RIVERSIDE ELEMENTARY SCHOOL Primary Regular 373 23 5
PIERCE MIDDLE SCHOOL Middle Regular 1,102 57 5
KETTERING HIGH SCHOOL High Regular 1,565 76 6

RIVERSIDE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 373
  • # of teachers: 23
5
GreatSchools Rating

PIERCE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 57
5
GreatSchools Rating

KETTERING HIGH SCHOOL

  • Education Level: High
  • # of students: 1,565
  • # of teachers: 76
6
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Waterford

  • 72,424

    POPULATION
  • 30,012

    HOUSEHOLDS
  • 63.9%

    WHITE COLLAR

Neighborhood : Waterford

HOUSEHOLDS
30,012
POPULATION

72,424

30.4%Renters
69.6%Home Owners
LABOR FORCE

 

63.9%White Collar
36.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,931 per month.

MY RENT : $1,931 MEDIAN RENT : $1,434

Rent % Distribution LEVEL
$500-699 0.1%
$700-899 1.6%
$900-999 4.0%
$1,000-1,499 50.6%
>=$1,500 43.7%
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 $1,931 would therefore be considered affordable for annual household incomes greater than $77,240 (12 months x 3.333 x $1,931).

Rent % Affordability
Above $500 84.3%
Above $700 75.9%
Above $1,100 61.3%
Above $1,500 46.5%
Above $1,900 35.0%
HOUSEHOLD INCOME RANGE

Approximately 8,160 of households in this neighborhood have a total annual income of $77,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,931 per month.

MINIMUM INCOME RANGE : $77,240

Income % Distribution
<$20K 15.7%
$20K-$35K 14.9%
$35K-$60K 23.0%
$60K-$100K 24.9%
>=$100K 21.5%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 21% 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 1.8%
5-9 mins 7.5%
10-14 mins 11.2%
15-19 mins 13.2%
20-29 mins 22.2%
30-44 mins 25.2%
45-59 mins 10.8%
>60 mins 8.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,931 per month.

MY RENT : $1,931 MEDIAN RENT : $1,434

Rent % Distribution
$500-699 0.1%
$700-899 1.6%
$900-999 4.0%
$1,000-1,499 50.6%
>=$1,500 43.7%
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 $1,931 would therefore be considered affordable for annual household incomes greater than $77,240 (12 months x 3.333 x $1,931).

Rent % Affordability
Above $500 84.3%
Above $700 75.9%
Above $1,100 61.3%
Above $1,500 46.5%
Above $1,900 35.0%
HOUSEHOLD INCOME RANGE

Approximately 8,160 of households in this neighborhood have a total annual income of $77,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,931 per month.

MINIMUM INCOME RANGE : $77,240

Income % Distribution
<$20K 15.7%
$20K-$35K 14.9%
$35K-$60K 23.0%
$60K-$100K 24.9%
>=$100K 21.5%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 21% 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 1.8%
5-9 mins 7.5%
10-14 mins 11.2%
15-19 mins 13.2%
20-29 mins 22.2%
30-44 mins 25.2%
45-59 mins 10.8%
>60 mins 8.0%

Waterford Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.7%
Educational Services 7.0%
Health Care & Social Assistance 12.8%
Manufacturing 14.9%
Professional & Scientific Tech Services 7.6%
Retail & Wholesale Trader 15.1%
Other 31.0%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 30% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 17.3%
15-19 6.4%
20-24 6.5%
25-44 26.3%
45-65 30.2%
66+ 13.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.9%
Healthcare 6.7%
Management, Business, & Financial 17.4%
Natural Resources Maintenance 8.8%
Production & Transportation 12.7%
Sales & Office 24.6%
Other 21.0%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.5%
High School 29.3%
Masters Degree 7.1%
Some College 26.8%
Some High School 7.9%
Other 19.3%

2886 Lansdowne Rd Comps

Sorry, we do not have sufficient data available.

2886 Lansdowne Rd, Waterford Township, MI 48329 is a single family home of 1,924 sqft. HomeUnion INVESTimateĀ® for 2886 Lansdowne Rd includes a Price Estimate of $220,258 and a Rent Estimate of $2,288. This single family home has 3 bedrooms,2 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 12.47% and Total Return of 38.24%. The estimated 1 year forecast in home value for 2886 Lansdowne Rd is 8.02%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , OAKLAND County , or the 48329 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2