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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

7424 Washington St South Haven, MI 49090

2 Beds 2 Baths 2,976 sqft Built 0
Last updated:  Jun 30, 2018

INVESTimate

$201,656

$186K - $217K

Price Est.

$1,431

$1.2K - $1.7K

Rent Est.

$215,913  ( +7.07%)   1 YR EST. FORECAST
  
  
  

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7424 Washington St PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $67.76
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,976 sqft
  • Baths : 2 Full

7424 Washington St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH HAVEN HIGH SCHOOL High Regular 692 37 7

SOUTH HAVEN HIGH SCHOOL

  • Education Level: High
  • # of students: 692
  • # of teachers: 37
7
GreatSchools Rating
 

Financial Details

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Neighborhood

SOUTH HAVEN

  • 13,807

    POPULATION
  • 6,087

    HOUSEHOLDS
  • 57.6%

    WHITE COLLAR

Neighborhood : SOUTH HAVEN

HOUSEHOLDS
6,087
POPULATION

13,807

28.2%Renters
71.8%Home Owners
LABOR FORCE

 

57.6%White Collar
42.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 11% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,306 per month.

MY RENT : $1,306 MEDIAN RENT : $809

Rent % Distribution LEVEL
$500-699 16.2%
$700-899 66.5%
$900-999 1.6%
$1,000-1,499 8.1%
>=$1,500 7.6%
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 $1,306 would therefore be considered affordable for annual household incomes greater than $52,240 (12 months x 3.333 x $1,306).

Rent % Affordability
Above $500 80.8%
Above $700 71.0%
Above $1,100 50.1%
Above $1,500 36.0%
Above $1,900 26.5%
HOUSEHOLD INCOME RANGE

Approximately 2,392 of households in this neighborhood have a total annual income of $52,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,306 per month.

MINIMUM INCOME RANGE : $52,240

Income % Distribution
<$20K 19.2%
$20K-$35K 18.8%
$35K-$60K 25.9%
$60K-$100K 17.8%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.1%
5-9 mins 22.7%
10-14 mins 18.2%
15-19 mins 10.0%
20-29 mins 9.6%
30-44 mins 16.8%
45-59 mins 8.3%
>60 mins 5.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 11% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,306 per month.

MY RENT : $1,306 MEDIAN RENT : $809

Rent % Distribution
$500-699 16.2%
$700-899 66.5%
$900-999 1.6%
$1,000-1,499 8.1%
>=$1,500 7.6%
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 $1,306 would therefore be considered affordable for annual household incomes greater than $52,240 (12 months x 3.333 x $1,306).

Rent % Affordability
Above $500 80.8%
Above $700 71.0%
Above $1,100 50.1%
Above $1,500 36.0%
Above $1,900 26.5%
HOUSEHOLD INCOME RANGE

Approximately 2,392 of households in this neighborhood have a total annual income of $52,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,306 per month.

MINIMUM INCOME RANGE : $52,240

Income % Distribution
<$20K 19.2%
$20K-$35K 18.8%
$35K-$60K 25.9%
$60K-$100K 17.8%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.1%
5-9 mins 22.7%
10-14 mins 18.2%
15-19 mins 10.0%
20-29 mins 9.6%
30-44 mins 16.8%
45-59 mins 8.3%
>60 mins 5.3%

SOUTH HAVEN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.2%
Educational Services 7.3%
Health Care & Social Assistance 10.7%
Manufacturing 22.4%
Retail & Wholesale Trader 12.7%
Transportation 6.5%
Other 29.2%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 27% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 16.6%
15-19 5.8%
20-24 4.8%
25-44 19.7%
45-65 29.6%
66+ 23.5%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.5%
Healthcare 8.2%
Management, Business, & Financial 17.2%
Natural Resources Maintenance 8.6%
Production & Transportation 18.8%
Sales & Office 22.6%
Other 18.1%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.9%
High School 29.3%
Masters Degree 7.8%
Some College 27.3%
Some High School 9.9%
Other 16.8%

7424 Washington St Comps

Sorry, we do not have sufficient data available.

7424 Washington St, South Haven, MI 49090 is a single family home of 2,976 sqft. HomeUnion INVESTimateĀ® for 7424 Washington St includes a Price Estimate of $201,656 and a Rent Estimate of $1,431. This single family home has 2 bedrooms,2 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 8.52% and Total Return of 21.89%. The estimated 1 year forecast in home value for 7424 Washington St is 7.07%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , ALLEGAN County , or the 49090 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2