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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

8601 Hicks Rd Allen, MI 49227

0 Beds 2 Baths 1,248 sqft Built 0
Last updated:  Jul 30, 2018

INVESTimate

$41,959

$38.3K - $45.6K

Price Est.

$1,061

915 - $1.2K

Rent Est.

$42,748  ( +1.88%)   1 YR EST. FORECAST
  
  
  

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8601 Hicks Rd PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $33.62
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,248 sqft
  • Baths : 2 Full

8601 Hicks Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
REYNOLDS ELEMENTARY SCHOOL Primary Magnet 418 24 4
READING JUNIOR-SENIOR HIGH SCHOOL Middle Magnet 417 23 5
READING JUNIOR-SENIOR HIGH SCHOOL High Magnet 417 23 5

REYNOLDS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 24
4
GreatSchools Rating

READING JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 417
  • # of teachers: 23
5
GreatSchools Rating

READING JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 417
  • # of teachers: 23
5
GreatSchools Rating
 

Financial Details

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Neighborhood

ALLEN

  • 1,148

    POPULATION
  • 493

    HOUSEHOLDS
  • 38.6%

    WHITE COLLAR

Neighborhood : ALLEN

HOUSEHOLDS
493
POPULATION

1,148

17.1%Renters
82.9%Home Owners
LABOR FORCE

 

38.6%White Collar
61.4%Blue Collar
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 $861 per month.

MY RENT : $861 MEDIAN RENT : $907

Rent % Distribution LEVEL
$500-699 20.6%
$700-899 28.2%
$900-999 15.2%
$1,000-1,499 33.3%
>=$1,500 2.7%
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 $861 would therefore be considered affordable for annual household incomes greater than $34,440 (12 months x 3.333 x $861).

Rent % Affordability
Above $500 82.9%
Above $700 73.4%
Above $1,100 57.6%
Above $1,500 37.0%
Above $1,900 23.6%
HOUSEHOLD INCOME RANGE

Approximately 1,097 of households in this neighborhood have a total annual income of $34,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $861 per month.

MINIMUM INCOME RANGE : $34,440

Income % Distribution
<$20K 17.1%
$20K-$35K 17.5%
$35K-$60K 28.5%
$60K-$100K 28.5%
>=$100K 8.5%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.4%
5-9 mins 10.9%
10-14 mins 18.1%
15-19 mins 19.9%
20-29 mins 21.8%
30-44 mins 10.9%
45-59 mins 1.8%
>60 mins 10.3%
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 $861 per month.

MY RENT : $861 MEDIAN RENT : $907

Rent % Distribution
$500-699 20.6%
$700-899 28.2%
$900-999 15.2%
$1,000-1,499 33.3%
>=$1,500 2.7%
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 $861 would therefore be considered affordable for annual household incomes greater than $34,440 (12 months x 3.333 x $861).

Rent % Affordability
Above $500 82.9%
Above $700 73.4%
Above $1,100 57.6%
Above $1,500 37.0%
Above $1,900 23.6%
HOUSEHOLD INCOME RANGE

Approximately 1,097 of households in this neighborhood have a total annual income of $34,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $861 per month.

MINIMUM INCOME RANGE : $34,440

Income % Distribution
<$20K 17.1%
$20K-$35K 17.5%
$35K-$60K 28.5%
$60K-$100K 28.5%
>=$100K 8.5%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.4%
5-9 mins 10.9%
10-14 mins 18.1%
15-19 mins 19.9%
20-29 mins 21.8%
30-44 mins 10.9%
45-59 mins 1.8%
>60 mins 10.3%

ALLEN Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.8%
Arts & Entertainment 6.7%
Health Care & Social Assistance 10.9%
Manufacturing 25.8%
Retail & Wholesale Trader 16.8%
Transportation 9.2%
Other 21.8%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 24% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 14.6%
15-19 6.0%
20-24 3.7%
25-44 20.9%
45-65 32.9%
66+ 21.8%
OCCUPATION

Occupation % Distribution
Construction 1.4%
Healthcare 4.8%
Management, Business, & Financial 13.8%
Natural Resources Maintenance 11.5%
Production & Transportation 45.6%
Sales & Office 19.4%
Other 3.4%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.7%
High School 47.6%
Masters Degree 3.5%
Some College 25.3%
Some High School 8.4%
Other 7.5%

8601 Hicks Rd Comps

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8601 Hicks Rd, Allen, MI 49227 is a single family home of 1,248 sqft. HomeUnion INVESTimateĀ® for 8601 Hicks Rd includes a Price Estimate of $41,959 and a Rent Estimate of $1,061. This single family home has 0 bedrooms,2 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 30.34% and Total Return of 43.12%. The estimated 1 year forecast in home value for 8601 Hicks Rd is 1.88%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , HILLSDALE County , or the 49227 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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