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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

3122 Maple Villa Dr Se Grand Rapids, MI 49508

1 Beds 1 Baths 842 sqft Built 1989
Last updated:  Jun 30, 2018

INVESTimate

$112,511

$104K - $121K

Price Est.

$891

816 - 966

Rent Est.

$121,692  ( +8.16%)   1 YR EST. FORECAST
  
  
  

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3122 Maple Villa Dr Se PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $133.62
CONSTRUCTION
  • Beds : 1
  • Floor Size : 842 sqft
  • Baths : 1 Full

3122 Maple Villa Dr Se SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SHERWOOD GLOBAL STUDIES ACADEMY Primary Magnet 442 22 NA
ALGER MIDDLE SCHOOL Middle Unknown 377 27 NA
OTTAWA HILLS HIGH SCHOOL High Regular 651 46 NA

SHERWOOD GLOBAL STUDIES ACADEMY

  • Education Level: Primary
  • # of students: 442
  • # of teachers: 22
-1
GreatSchools Rating

ALGER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 377
  • # of teachers: 27
-1
GreatSchools Rating

OTTAWA HILLS HIGH SCHOOL

  • Education Level: High
  • # of students: 651
  • # of teachers: 46
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

GRAND RAPIDS

  • 41,826

    POPULATION
  • 15,188

    HOUSEHOLDS
  • 60.8%

    WHITE COLLAR

Neighborhood : GRAND RAPIDS

HOUSEHOLDS
15,188
POPULATION

41,826

39.8%Renters
60.2%Home Owners
LABOR FORCE

 

60.8%White Collar
39.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $928 per month.

MY RENT : $928 MEDIAN RENT : $1,218

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 0.6%
$1,000-1,499 96.4%
>=$1,500 2.9%
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 $928 would therefore be considered affordable for annual household incomes greater than $37,120 (12 months x 3.333 x $928).

Rent % Affordability
Above $500 85.1%
Above $700 78.3%
Above $1,100 61.1%
Above $1,500 46.2%
Above $1,900 33.0%
HOUSEHOLD INCOME RANGE

Approximately 8,441 of households in this neighborhood have a total annual income of $37,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $928 per month.

MINIMUM INCOME RANGE : $37,120

Income % Distribution
<$20K 14.9%
$20K-$35K 14.4%
$35K-$60K 24.5%
$60K-$100K 27.6%
>=$100K 18.6%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 10.4%
10-14 mins 20.9%
15-19 mins 21.2%
20-29 mins 25.6%
30-44 mins 11.5%
45-59 mins 4.1%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $928 per month.

MY RENT : $928 MEDIAN RENT : $1,218

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 0.6%
$1,000-1,499 96.4%
>=$1,500 2.9%
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 $928 would therefore be considered affordable for annual household incomes greater than $37,120 (12 months x 3.333 x $928).

Rent % Affordability
Above $500 85.1%
Above $700 78.3%
Above $1,100 61.1%
Above $1,500 46.2%
Above $1,900 33.0%
HOUSEHOLD INCOME RANGE

Approximately 8,441 of households in this neighborhood have a total annual income of $37,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $928 per month.

MINIMUM INCOME RANGE : $37,120

Income % Distribution
<$20K 14.9%
$20K-$35K 14.4%
$35K-$60K 24.5%
$60K-$100K 27.6%
>=$100K 18.6%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 10.4%
10-14 mins 20.9%
15-19 mins 21.2%
20-29 mins 25.6%
30-44 mins 11.5%
45-59 mins 4.1%
>60 mins 4.1%

GRAND RAPIDS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.4%
Educational Services 5.9%
Health Care & Social Assistance 15.9%
Manufacturing 21.8%
Professional & Scientific Tech Services 5.6%
Retail & Wholesale Trader 15.7%
Other 26.6%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 35% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 20.7%
15-19 7.5%
20-24 6.6%
25-44 27.3%
45-65 24.4%
66+ 13.5%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.5%
Healthcare 8.6%
Management, Business, & Financial 16.7%
Natural Resources Maintenance 4.0%
Production & Transportation 23.2%
Sales & Office 25.3%
Other 16.6%
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 10.0%
High School 25.0%
Masters Degree 8.7%
Some College 20.1%
Some High School 12.9%
Other 23.4%

3122 Maple Villa Dr Se Comps

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3122 Maple Villa Dr Se, Grand Rapids, MI 49508 is a single family home of 842 sqft. HomeUnion INVESTimateĀ® for 3122 Maple Villa Dr Se includes a Price Estimate of $112,511 and a Rent Estimate of $891. This single family home has 1 bedrooms,1 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 9.50% and Total Return of 27.85%. The estimated 1 year forecast in home value for 3122 Maple Villa Dr Se is 8.16%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , KENT County , or the 49508 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2