INVESTimate
$36,320
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413 W State St PROPERTY INFO
FACTS
- Built In 1900
- Price/Sqft : $62.44
CONSTRUCTION
- Beds : 2
- Floor Size : 1,500 sqft
- Baths : 1 Full
413 W State St SCHOOLS
Financial Details
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BOTKINS
Neighborhood : BOTKINS
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $850 per month.
MY RENT : $850 MEDIAN RENT : $1,113
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 $850 would therefore be considered affordable for annual household incomes greater than $34,000 (12 months x 3.333 x $850).
HOUSEHOLD INCOME RANGE
Approximately 1,771 of households in this neighborhood have a total annual income of $34,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $850 per month.
MINIMUM INCOME RANGE : $34,000
COMMUTE TIME DISTRIBUTION
58% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.
BOTKINS Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 7.9% |
Educational Services | 8.3% |
Health Care & Social Assistance | 8.9% |
Manufacturing | 31.5% |
Retail & Wholesale Trader | 13.1% |
Transportation | 5.2% |
Other | 25.1% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 14% is 65 or older.
Age | % Distribution |
---|---|
<15 | 23.9% |
15-19 | 5.8% |
20-24 | 4.3% |
25-44 | 24.4% |
45-65 | 27.8% |
66+ | 13.8% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 5.4% |
Healthcare | 5.2% |
Management, Business, & Financial | 14.5% |
Natural Resources Maintenance | 14.7% |
Production & Transportation | 31.3% |
Sales & Office | 15.2% |
Other | 13.7% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 12.0% |
High School | 44.3% |
Masters Degree | 7.5% |
Some College | 16.4% |
Some High School | 5.0% |
Other | 14.7% |
413 W State St Comps
413 W State St, Botkins, OH 45306 is a single family home of 1,500 sqft. HomeUnion INVESTimateĀ® for 413 W State St includes a Price Estimate of $93,662 and a Rent Estimate of $827. This single family home has 2 bedrooms,1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 10.60% and Total Return of 31.74%. The estimated 1 year forecast in home value for 413 W State St is 10.05%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , SHELBY County , or the 45306 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2