INVESTimate
$33,798
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411 Morrison St N PROPERTY INFO
FACTS
- Built In 1900
- Price/Sqft : $52.33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,608 sqft
- Baths : 1 Full
411 Morrison St N SCHOOLS
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Financial Details
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NEVADA
Neighborhood : NEVADA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $829 per month.
MY RENT : $829 MEDIAN RENT : $898
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 $829 would therefore be considered affordable for annual household incomes greater than $33,160 (12 months x 3.333 x $829).
HOUSEHOLD INCOME RANGE
Approximately 2,550 of households in this neighborhood have a total annual income of $33,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $829 per month.
MINIMUM INCOME RANGE : $33,160
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
NEVADA Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 5.4% |
| Construction | 7.0% |
| Health Care & Social Assistance | 13.4% |
| Manufacturing | 28.8% |
| Professional & Scientific Tech Services | 5.4% |
| Retail & Wholesale Trader | 12.5% |
| Other | 27.7% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 28% is 24 or younger and 18% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 20.1% |
| 15-19 | 4.4% |
| 20-24 | 3.0% |
| 25-44 | 23.9% |
| 45-65 | 30.6% |
| 66+ | 18.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 5.1% |
| Healthcare | 9.1% |
| Management, Business, & Financial | 17.9% |
| Natural Resources Maintenance | 11.1% |
| Production & Transportation | 30.0% |
| Sales & Office | 14.7% |
| Other | 12.1% |
HIGHEST EDUCATION LEVEL
16% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 12.8% |
| High School | 44.1% |
| Masters Degree | 3.5% |
| Some College | 17.9% |
| Some High School | 10.7% |
| Other | 11.0% |
411 Morrison St N Comps
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411 Morrison St N, Nevada, OH 44849 is a single family home of 1,608 sqft. HomeUnion INVESTimateĀ® for 411 Morrison St N includes a Price Estimate of $84,144 and a Rent Estimate of $876. This single family home has 3 bedrooms,1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 12.49% and Total Return of 25.27%. The estimated 1 year forecast in home value for 411 Morrison St N is 3.78%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , WYANDOT County , or the 44849 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
