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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

501 S Monroe St Bay City, MI 48708

0 Beds 1 Baths 1,289 sqft Built 1872
Last updated:  Jul 30, 2018

INVESTimate

$45,290

$42.4K - $48.2K

Price Est.

$720

609 - 831

Rent Est.

$45,698  ( +0.9%)   1 YR EST. FORECAST
  
  
  

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501 S Monroe St PROPERTY INFO

FACTS
  • Built In 1872
  • Price/Sqft : $35.14
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,289 sqft
  • Baths : 1 Full

501 S Monroe St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WASHINGTON ELEMENTARY SCHOOL Primary Regular 438 24 NA
HANDY MIDDLE SCHOOL Middle Regular 1,017 55 NA
BAY CITY CENTRAL HIGH SCHOOL High Regular 1,463 68 NA

WASHINGTON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 438
  • # of teachers: 24
-1
GreatSchools Rating

HANDY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 55
-1
GreatSchools Rating

BAY CITY CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 1,463
  • # of teachers: 68
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

BAY CITY

  • 27,384

    POPULATION
  • 11,673

    HOUSEHOLDS
  • 58.1%

    WHITE COLLAR

Neighborhood : BAY CITY

HOUSEHOLDS
11,673
POPULATION

27,384

30.5%Renters
69.5%Home Owners
LABOR FORCE

 

58.1%White Collar
41.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $732 per month.

MY RENT : $732 MEDIAN RENT : $721

Rent % Distribution LEVEL
$500-699 43.3%
$700-899 40.0%
$900-999 1.7%
$1,000-1,499 14.4%
>=$1,500 0.5%
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 $732 would therefore be considered affordable for annual household incomes greater than $29,280 (12 months x 3.333 x $732).

Rent % Affordability
Above $500 73.9%
Above $700 62.0%
Above $1,100 43.4%
Above $1,500 29.5%
Above $1,900 21.0%
HOUSEHOLD INCOME RANGE

Approximately 28,346 of households in this neighborhood have a total annual income of $29,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $732 per month.

MINIMUM INCOME RANGE : $29,280

Income % Distribution
<$20K 26.1%
$20K-$35K 20.7%
$35K-$60K 23.7%
$60K-$100K 18.4%
>=$100K 11.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 16.8%
10-14 mins 19.1%
15-19 mins 15.4%
20-29 mins 21.9%
30-44 mins 14.2%
45-59 mins 2.6%
>60 mins 5.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $732 per month.

MY RENT : $732 MEDIAN RENT : $721

Rent % Distribution
$500-699 43.3%
$700-899 40.0%
$900-999 1.7%
$1,000-1,499 14.4%
>=$1,500 0.5%
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 $732 would therefore be considered affordable for annual household incomes greater than $29,280 (12 months x 3.333 x $732).

Rent % Affordability
Above $500 73.9%
Above $700 62.0%
Above $1,100 43.4%
Above $1,500 29.5%
Above $1,900 21.0%
HOUSEHOLD INCOME RANGE

Approximately 28,346 of households in this neighborhood have a total annual income of $29,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $732 per month.

MINIMUM INCOME RANGE : $29,280

Income % Distribution
<$20K 26.1%
$20K-$35K 20.7%
$35K-$60K 23.7%
$60K-$100K 18.4%
>=$100K 11.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 16.8%
10-14 mins 19.1%
15-19 mins 15.4%
20-29 mins 21.9%
30-44 mins 14.2%
45-59 mins 2.6%
>60 mins 5.1%

BAY CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.6%
Construction 5.5%
Educational Services 5.3%
Health Care & Social Assistance 18.2%
Manufacturing 12.8%
Retail & Wholesale Trader 16.8%
Other 30.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 32% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 17.7%
15-19 7.4%
20-24 6.8%
25-44 23.6%
45-65 28.3%
66+ 16.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.4%
Healthcare 12.1%
Management, Business, & Financial 11.3%
Natural Resources Maintenance 8.7%
Production & Transportation 16.8%
Sales & Office 27.0%
Other 19.7%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.0%
High School 33.9%
Masters Degree 4.8%
Some College 25.3%
Some High School 11.6%
Other 13.3%

501 S Monroe St Comps

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501 S Monroe St, Bay City, MI 48708 is a single family home of 1,289 sqft. HomeUnion INVESTimateĀ® for 501 S Monroe St includes a Price Estimate of $45,290 and a Rent Estimate of $720. This single family home has 0 bedrooms,1 bathrooms, and was built in 1872. This property has an estimated 15 year annualized Yield of 19.08% and Total Return of 21.75%. The estimated 1 year forecast in home value for 501 S Monroe St is 0.9%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , BAY County , or the 48708 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2