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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

4177 Conne Mara Ln Waterford Township, MI 48329

3 Beds 2 Baths 1,843 sqft Built 1965
Last updated:  Jun 30, 2018

INVESTimate

$169,654

$160K - $179K

Price Est.

$1,569

$1.4K - $1.8K

Rent Est.

$183,260  ( +8.02%)   1 YR EST. FORECAST
  
  
  

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4177 Conne Mara Ln PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $92.05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,843 sqft
  • Baths : 2 Full

4177 Conne Mara Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SCHOOLCRAFT ELEMENTARY SCHOOL Primary Regular 475 23 7
MASON MIDDLE SCHOOL Middle Regular 1,283 67 5
KETTERING HIGH SCHOOL High Regular 1,565 76 6

SCHOOLCRAFT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 23
7
GreatSchools Rating

MASON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,283
  • # of teachers: 67
5
GreatSchools Rating

KETTERING HIGH SCHOOL

  • Education Level: High
  • # of students: 1,565
  • # of teachers: 76
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Waterford

  • 72,424

    POPULATION
  • 30,012

    HOUSEHOLDS
  • 63.9%

    WHITE COLLAR

Neighborhood : Waterford

HOUSEHOLDS
30,012
POPULATION

72,424

30.4%Renters
69.6%Home Owners
LABOR FORCE

 

63.9%White Collar
36.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,639 per month.

MY RENT : $1,639 MEDIAN RENT : $1,434

Rent % Distribution LEVEL
$500-699 0.1%
$700-899 1.6%
$900-999 4.0%
$1,000-1,499 50.6%
>=$1,500 43.7%
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 $1,639 would therefore be considered affordable for annual household incomes greater than $65,560 (12 months x 3.333 x $1,639).

Rent % Affordability
Above $500 84.3%
Above $700 75.9%
Above $1,100 61.3%
Above $1,500 46.5%
Above $1,900 35.0%
HOUSEHOLD INCOME RANGE

Approximately 9,035 of households in this neighborhood have a total annual income of $65,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,639 per month.

MINIMUM INCOME RANGE : $65,560

Income % Distribution
<$20K 15.7%
$20K-$35K 14.9%
$35K-$60K 23.0%
$60K-$100K 24.9%
>=$100K 21.5%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.8%
5-9 mins 7.5%
10-14 mins 11.2%
15-19 mins 13.2%
20-29 mins 22.2%
30-44 mins 25.2%
45-59 mins 10.8%
>60 mins 8.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,639 per month.

MY RENT : $1,639 MEDIAN RENT : $1,434

Rent % Distribution
$500-699 0.1%
$700-899 1.6%
$900-999 4.0%
$1,000-1,499 50.6%
>=$1,500 43.7%
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 $1,639 would therefore be considered affordable for annual household incomes greater than $65,560 (12 months x 3.333 x $1,639).

Rent % Affordability
Above $500 84.3%
Above $700 75.9%
Above $1,100 61.3%
Above $1,500 46.5%
Above $1,900 35.0%
HOUSEHOLD INCOME RANGE

Approximately 9,035 of households in this neighborhood have a total annual income of $65,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,639 per month.

MINIMUM INCOME RANGE : $65,560

Income % Distribution
<$20K 15.7%
$20K-$35K 14.9%
$35K-$60K 23.0%
$60K-$100K 24.9%
>=$100K 21.5%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.8%
5-9 mins 7.5%
10-14 mins 11.2%
15-19 mins 13.2%
20-29 mins 22.2%
30-44 mins 25.2%
45-59 mins 10.8%
>60 mins 8.0%

Waterford Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.7%
Educational Services 7.0%
Health Care & Social Assistance 12.8%
Manufacturing 14.9%
Professional & Scientific Tech Services 7.6%
Retail & Wholesale Trader 15.1%
Other 31.0%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 30% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 17.3%
15-19 6.4%
20-24 6.5%
25-44 26.3%
45-65 30.2%
66+ 13.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.9%
Healthcare 6.7%
Management, Business, & Financial 17.4%
Natural Resources Maintenance 8.8%
Production & Transportation 12.7%
Sales & Office 24.6%
Other 21.0%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.5%
High School 29.3%
Masters Degree 7.1%
Some College 26.8%
Some High School 7.9%
Other 19.3%

4177 Conne Mara Ln Comps

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4177 Conne Mara Ln, Waterford Township, MI 48329 is a single family home of 1,843 sqft. HomeUnion INVESTimateĀ® for 4177 Conne Mara Ln includes a Price Estimate of $169,654 and a Rent Estimate of $1,569. This single family home has 3 bedrooms,2 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 11.10% and Total Return of 29.26%. The estimated 1 year forecast in home value for 4177 Conne Mara Ln is 8.02%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , OAKLAND County , or the 48329 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2