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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

4823 Lorwood Dr Kimball, MI 48074

0 Beds 3 Baths 2,528 sqft Built 0
Last updated:  Jun 30, 2018

INVESTimate

$236,283

$220K - $252K

Price Est.

$1,458

$1.3K - $1.6K

Rent Est.

$254,217  ( +7.59%)   1 YR EST. FORECAST
  
  
  

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4823 Lorwood Dr PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $93.47
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,528 sqft
  • Baths : 2 Full 1 Half

4823 Lorwood Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
INDIAN WOODS ELEMENTARY SCHOOL Primary Regular 358 24 6
CENTRAL MIDDLE SCHOOL Middle Regular 909 49 4
PORT HURON HIGH SCHOOL High Regular 1,464 71 5

INDIAN WOODS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 358
  • # of teachers: 24
6
GreatSchools Rating

CENTRAL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 49
4
GreatSchools Rating

PORT HURON HIGH SCHOOL

  • Education Level: High
  • # of students: 1,464
  • # of teachers: 71
5
GreatSchools Rating
 

Financial Details

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Neighborhood

SMITHS CREEK

  • 9,148

    POPULATION
  • 3,493

    HOUSEHOLDS
  • 51.8%

    WHITE COLLAR

Neighborhood : SMITHS CREEK

HOUSEHOLDS
3,493
POPULATION

9,148

11.0%Renters
89.0%Home Owners
LABOR FORCE

 

51.8%White Collar
48.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 10% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,674 per month.

MY RENT : $1,674 MEDIAN RENT : $1,032

Rent % Distribution LEVEL
$500-699 0.9%
$700-899 21.9%
$900-999 14.9%
$1,000-1,499 52.6%
>=$1,500 9.7%
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 $1,674 would therefore be considered affordable for annual household incomes greater than $66,960 (12 months x 3.333 x $1,674).

Rent % Affordability
Above $500 85.8%
Above $700 78.3%
Above $1,100 61.1%
Above $1,500 48.9%
Above $1,900 34.7%
HOUSEHOLD INCOME RANGE

Approximately 1,077 of households in this neighborhood have a total annual income of $66,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,674 per month.

MINIMUM INCOME RANGE : $66,960

Income % Distribution
<$20K 14.2%
$20K-$35K 12.8%
$35K-$60K 24.1%
$60K-$100K 26.9%
>=$100K 21.9%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 7.0%
10-14 mins 17.1%
15-19 mins 20.6%
20-29 mins 15.4%
30-44 mins 14.4%
45-59 mins 6.9%
>60 mins 16.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 10% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,674 per month.

MY RENT : $1,674 MEDIAN RENT : $1,032

Rent % Distribution
$500-699 0.9%
$700-899 21.9%
$900-999 14.9%
$1,000-1,499 52.6%
>=$1,500 9.7%
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 $1,674 would therefore be considered affordable for annual household incomes greater than $66,960 (12 months x 3.333 x $1,674).

Rent % Affordability
Above $500 85.8%
Above $700 78.3%
Above $1,100 61.1%
Above $1,500 48.9%
Above $1,900 34.7%
HOUSEHOLD INCOME RANGE

Approximately 1,077 of households in this neighborhood have a total annual income of $66,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,674 per month.

MINIMUM INCOME RANGE : $66,960

Income % Distribution
<$20K 14.2%
$20K-$35K 12.8%
$35K-$60K 24.1%
$60K-$100K 26.9%
>=$100K 21.9%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 7.0%
10-14 mins 17.1%
15-19 mins 20.6%
20-29 mins 15.4%
30-44 mins 14.4%
45-59 mins 6.9%
>60 mins 16.6%

SMITHS CREEK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.9%
Educational Services 7.4%
Health Care & Social Assistance 14.9%
Manufacturing 23.6%
Public Administration 6.9%
Retail & Wholesale Trader 14.5%
Other 24.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 29% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 20.5%
15-19 4.2%
20-24 4.5%
25-44 23.0%
45-65 29.8%
66+ 18.0%
OCCUPATION

Occupation % Distribution
Healthcare 9.8%
Management, Business, & Financial 16.0%
Natural Resources Maintenance 11.9%
Production & Transportation 21.8%
Protect 7.3%
Sales & Office 17.1%
Other 16.0%
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 12.3%
High School 32.4%
Masters Degree 4.6%
Some College 26.3%
Some High School 11.8%
Other 12.5%

4823 Lorwood Dr Comps

Sorry, we do not have sufficient data available.

4823 Lorwood Dr, Kimball, MI 48074 is a single family home of 2,528 sqft. HomeUnion INVESTimateĀ® for 4823 Lorwood Dr includes a Price Estimate of $236,283 and a Rent Estimate of $1,458. This single family home has 0 bedrooms,3 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 7.40% and Total Return of 23.77%. The estimated 1 year forecast in home value for 4823 Lorwood Dr is 7.59%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , SAINT CLAIR County , or the 48074 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2