INVESTimate
$44,283
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608 W State St PROPERTY INFO
FACTS
- Built In 1955
- Price/Sqft : $53.14
CONSTRUCTION
- Beds : 4
- Floor Size : 2,328 sqft
- Baths : 1 Full
608 W State St SCHOOLS
Financial Details
See Financial Details
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BOTKINS
Neighborhood : BOTKINS
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 $1,124 per month.
MY RENT : $1,124 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 $1,124 would therefore be considered affordable for annual household incomes greater than $44,960 (12 months x 3.333 x $1,124).
HOUSEHOLD INCOME RANGE
Approximately 552 of households in this neighborhood have a total annual income of $44,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,124 per month.
MINIMUM INCOME RANGE : $44,960
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% |
608 W State St Comps
608 W State St, Botkins, OH 45306 is a single family home of 2,328 sqft. HomeUnion INVESTimateĀ® for 608 W State St includes a Price Estimate of $123,708 and a Rent Estimate of $1,090. This single family home has 4 bedrooms,1 bathrooms, and was built in 1955. This property has an estimated 15 year annualized Yield of 10.57% and Total Return of 32.89%. The estimated 1 year forecast in home value for 608 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