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

2943 Cordell Ave Keego Harbor, MI 48320

3 Beds 2 Baths 1,383 sqft Built 2011
Last updated:  Jun 30, 2018

INVESTimate

$168,525

$143K - $194K

Price Est.

$1,585

$1.4K - $1.7K

Rent Est.

$175,890  ( +4.37%)   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

2943 Cordell Ave PROPERTY INFO

FACTS
  • Built In 2011
  • Price/Sqft : $121.85
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,383 sqft
  • Baths : 2 Full

2943 Cordell 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

See Financial Details

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

Already have an account?
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 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,645 per month.

MY RENT : $1,645 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 $1,645 would therefore be considered affordable for annual household incomes greater than $65,800 (12 months x 3.333 x $1,645).

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 578 of households in this neighborhood have a total annual income of $65,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,645 per month.

MINIMUM INCOME RANGE : $65,800

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 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,645 per month.

MY RENT : $1,645 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 $1,645 would therefore be considered affordable for annual household incomes greater than $65,800 (12 months x 3.333 x $1,645).

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 578 of households in this neighborhood have a total annual income of $65,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,645 per month.

MINIMUM INCOME RANGE : $65,800

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%

2943 Cordell Ave Comps

Sorry, we do not have sufficient data available.

2943 Cordell Ave, Keego Harbor, MI 48320 is a single family home of 1,383 sqft. HomeUnion INVESTimateĀ® for 2943 Cordell Ave includes a Price Estimate of $168,525 and a Rent Estimate of $1,585. This single family home has 3 bedrooms,2 bathrooms, and was built in 2011. This property has an estimated 15 year annualized Yield of 11.29% and Total Return of 25.18%. The estimated 1 year forecast in home value for 2943 Cordell 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