OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
3148 Varjo Ct PROPERTY INFO
FACTS
- Built In 1925
- Price/Sqft : $87.67
CONSTRUCTION
- Beds : 3
- Floor Size : 1,188 sqft
- Baths : 1 Full
3148 Varjo Ct SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
Keego Harbor
Neighborhood : Keego Harbor
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,263 per month.
MY RENT : $1,263 MEDIAN RENT : $1,459
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 $1,263 would therefore be considered affordable for annual household incomes greater than $50,520 (12 months x 3.333 x $1,263).
HOUSEHOLD INCOME RANGE
Approximately 1,015 of households in this neighborhood have a total annual income of $50,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,263 per month.
MINIMUM INCOME RANGE : $50,520
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.
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% |
3148 Varjo Ct Comps
3148 Varjo Ct, Keego Harbor, MI 48320 is a single family home of 1,188 sqft. HomeUnion INVESTimateĀ® for 3148 Varjo Ct includes a Price Estimate of $104,153 and a Rent Estimate of $1,263. This single family home has 3 bedrooms,1 bathrooms, and was built in 1925. This property has an estimated 15 year annualized Yield of 14.55% and Total Return of 32.63%. The estimated 1 year forecast in home value for 3148 Varjo Ct 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