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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

6550 Bossett Coopersville, MI 49404

0 Beds 2 Baths 1,344 sqft Built 2000
Last updated:  Jul 30, 2018

INVESTimate

$154,828

$132K - $178K

Price Est.

$1,163

$1.1K - $1.3K

Rent Est.

$168,499  ( +8.83%)   1 YR EST. FORECAST
  
  
  

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6550 Bossett PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $115.20
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,344 sqft
  • Baths : 2 Full

6550 Bossett SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RAVENNA MIDDLE SCHOOL Primary Regular 330 15 7
RAVENNA MIDDLE SCHOOL Middle Regular 330 15 7
RAVENNA HIGH SCHOOL High Regular 329 14 7

RAVENNA MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 330
  • # of teachers: 15
7
GreatSchools Rating

RAVENNA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 330
  • # of teachers: 15
7
GreatSchools Rating

RAVENNA HIGH SCHOOL

  • Education Level: High
  • # of students: 329
  • # of teachers: 14
7
GreatSchools Rating
 

Financial Details

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Neighborhood

COOPERSVILLE

  • 8,415

    POPULATION
  • 3,047

    HOUSEHOLDS
  • 58.4%

    WHITE COLLAR

Neighborhood : COOPERSVILLE

HOUSEHOLDS
3,047
POPULATION

8,415

17.6%Renters
82.4%Home Owners
LABOR FORCE

 

58.4%White Collar
41.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,270 per month.

MY RENT : $1,270 MEDIAN RENT : $1,178

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 98.6%
>=$1,500 1.1%
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 $1,270 would therefore be considered affordable for annual household incomes greater than $50,800 (12 months x 3.333 x $1,270).

Rent % Affordability
Above $500 87.1%
Above $700 77.3%
Above $1,100 64.2%
Above $1,500 50.6%
Above $1,900 37.8%
HOUSEHOLD INCOME RANGE

Approximately 1,639 of households in this neighborhood have a total annual income of $50,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,270 per month.

MINIMUM INCOME RANGE : $50,800

Income % Distribution
<$20K 12.9%
$20K-$35K 15.2%
$35K-$60K 21.2%
$60K-$100K 26.9%
>=$100K 23.7%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 25% 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 5.4%
5-9 mins 11.4%
10-14 mins 7.8%
15-19 mins 9.2%
20-29 mins 29.4%
30-44 mins 28.9%
45-59 mins 4.4%
>60 mins 3.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,270 per month.

MY RENT : $1,270 MEDIAN RENT : $1,178

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 98.6%
>=$1,500 1.1%
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 $1,270 would therefore be considered affordable for annual household incomes greater than $50,800 (12 months x 3.333 x $1,270).

Rent % Affordability
Above $500 87.1%
Above $700 77.3%
Above $1,100 64.2%
Above $1,500 50.6%
Above $1,900 37.8%
HOUSEHOLD INCOME RANGE

Approximately 1,639 of households in this neighborhood have a total annual income of $50,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,270 per month.

MINIMUM INCOME RANGE : $50,800

Income % Distribution
<$20K 12.9%
$20K-$35K 15.2%
$35K-$60K 21.2%
$60K-$100K 26.9%
>=$100K 23.7%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 25% 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 5.4%
5-9 mins 11.4%
10-14 mins 7.8%
15-19 mins 9.2%
20-29 mins 29.4%
30-44 mins 28.9%
45-59 mins 4.4%
>60 mins 3.5%

COOPERSVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.6%
Construction 8.5%
Educational Services 5.6%
Health Care & Social Assistance 10.3%
Manufacturing 28.0%
Retail & Wholesale Trader 13.2%
Other 28.8%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 37% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 22.2%
15-19 7.2%
20-24 7.9%
25-44 25.9%
45-65 23.4%
66+ 13.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.3%
Healthcare 6.3%
Management, Business, & Financial 19.0%
Natural Resources Maintenance 8.7%
Production & Transportation 23.9%
Sales & Office 25.5%
Other 10.2%
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 12.2%
High School 34.6%
Masters Degree 5.4%
Some College 22.8%
Some High School 7.8%
Other 17.1%

6550 Bossett Comps

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6550 Bossett, Coopersville, MI 49404 is a single family home of 1,344 sqft. HomeUnion INVESTimateĀ® for 6550 Bossett includes a Price Estimate of $154,828 and a Rent Estimate of $1,163. This single family home has 0 bedrooms,2 bathrooms, and was built in 2000. This property has an estimated 15 year annualized Yield of 9.01% and Total Return of 32.44%. The estimated 1 year forecast in home value for 6550 Bossett is 8.83%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , MUSKEGON County , or the 49404 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2