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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

417 E Adelaide St Maple Rapids, MI 48853

3 Beds 1 Baths 1,379 sqft Built 1950
Last updated:  Jul 30, 2018

INVESTimate

$69,423

$64.5K - $74.4K

Price Est.

$945

876 - $1.0K

Rent Est.

$72,457  ( +4.37%)   1 YR EST. FORECAST
  
  
  

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417 E Adelaide St PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $50.34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,379 sqft
  • Baths : 1 Full

417 E Adelaide St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FULTON ELEMENTARY SCHOOL Primary Regular 372 20 5
FULTON MIDDLE SCHOOL Middle Regular 116 6 8
FULTON HIGH SCHOOL High Regular 218 13 7

FULTON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 372
  • # of teachers: 20
5
GreatSchools Rating

FULTON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 116
  • # of teachers: 6
8
GreatSchools Rating

FULTON HIGH SCHOOL

  • Education Level: High
  • # of students: 218
  • # of teachers: 13
7
GreatSchools Rating
 

Financial Details

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Neighborhood

MAPLE RAPIDS

  • 568

    POPULATION
  • 213

    HOUSEHOLDS
  • 42.9%

    WHITE COLLAR

Neighborhood : MAPLE RAPIDS

HOUSEHOLDS
213
POPULATION

568

16.8%Renters
83.2%Home Owners
LABOR FORCE

 

42.9%White Collar
57.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 57% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,015 per month.

MY RENT : $1,015 MEDIAN RENT : $1,030

Rent % Distribution LEVEL
$500-699 0.5%
$700-899 16.7%
$900-999 24.3%
$1,000-1,499 46.2%
>=$1,500 12.4%
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 $1,015 would therefore be considered affordable for annual household incomes greater than $40,600 (12 months x 3.333 x $1,015).

Rent % Affordability
Above $500 89.6%
Above $700 83.4%
Above $1,100 66.5%
Above $1,500 44.1%
Above $1,900 29.4%
HOUSEHOLD INCOME RANGE

Approximately 114 of households in this neighborhood have a total annual income of $40,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,015 per month.

MINIMUM INCOME RANGE : $40,600

Income % Distribution
<$20K 10.4%
$20K-$35K 14.7%
$35K-$60K 30.8%
$60K-$100K 26.1%
>=$100K 18.0%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 2.2%
10-14 mins 10.8%
15-19 mins 16.0%
20-29 mins 14.5%
30-44 mins 31.2%
45-59 mins 14.1%
>60 mins 9.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 57% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,015 per month.

MY RENT : $1,015 MEDIAN RENT : $1,030

Rent % Distribution
$500-699 0.5%
$700-899 16.7%
$900-999 24.3%
$1,000-1,499 46.2%
>=$1,500 12.4%
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 $1,015 would therefore be considered affordable for annual household incomes greater than $40,600 (12 months x 3.333 x $1,015).

Rent % Affordability
Above $500 89.6%
Above $700 83.4%
Above $1,100 66.5%
Above $1,500 44.1%
Above $1,900 29.4%
HOUSEHOLD INCOME RANGE

Approximately 114 of households in this neighborhood have a total annual income of $40,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,015 per month.

MINIMUM INCOME RANGE : $40,600

Income % Distribution
<$20K 10.4%
$20K-$35K 14.7%
$35K-$60K 30.8%
$60K-$100K 26.1%
>=$100K 18.0%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 2.2%
10-14 mins 10.8%
15-19 mins 16.0%
20-29 mins 14.5%
30-44 mins 31.2%
45-59 mins 14.1%
>60 mins 9.3%

MAPLE RAPIDS Demographics

INDUSTRY

Industry % Distribution
Construction 10.7%
Financial Industries 6.8%
Health Care & Social Assistance 10.0%
Manufacturing 19.9%
Public Administration 8.5%
Retail & Wholesale Trader 14.2%
Other 29.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 15.7%
15-19 5.5%
20-24 9.5%
25-44 25.5%
45-65 27.1%
66+ 16.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.1%
Healthcare 6.0%
Management, Business, & Financial 13.8%
Natural Resources Maintenance 19.4%
Production & Transportation 24.4%
Sales & Office 21.7%
Other 10.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.9%
High School 39.0%
Masters Degree 3.3%
Some College 29.2%
Some High School 7.7%
Other 12.8%

417 E Adelaide St Comps

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417 E Adelaide St, Maple Rapids, MI 48853 is a single family home of 1,379 sqft. HomeUnion INVESTimateĀ® for 417 E Adelaide St includes a Price Estimate of $69,423 and a Rent Estimate of $945. This single family home has 3 bedrooms,1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 16.33% and Total Return of 28.91%. The estimated 1 year forecast in home value for 417 E Adelaide St is 4.37%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , CLINTON County , or the 48853 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2