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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

9720 Sunray Dr Olmsted Twp, OH 44138

3 Beds 3 Baths 2,142 sqft Built 2006
Last updated:  Jun 30, 2018

INVESTimate

$225,525

$213K - $238K

Price Est.

$2,134

$1.9K - $2.4K

Rent Est.

$233,283  ( +3.44%)   1 YR EST. FORECAST
  
  
  

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9720 Sunray Dr PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $105.29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,142 sqft
  • Baths : 2 Full 1 Half

9720 Sunray Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FALLS-LENOX PRIMARY SCHOOL Primary Regular 840 42 10
OLMSTED FALLS MIDDLE SCHOOL Middle Regular 890 49 10
OLMSTED FALLS HIGH SCHOOL High Regular 1,165 58 9

FALLS-LENOX PRIMARY SCHOOL

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 42
10
GreatSchools Rating

OLMSTED FALLS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 49
10
GreatSchools Rating

OLMSTED FALLS HIGH SCHOOL

  • Education Level: High
  • # of students: 1,165
  • # of teachers: 58
9
GreatSchools Rating
 

Financial Details

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Neighborhood

OLMSTED FALLS

  • 22,339

    POPULATION
  • 9,220

    HOUSEHOLDS
  • 73.2%

    WHITE COLLAR

Neighborhood : OLMSTED FALLS

HOUSEHOLDS
9,220
POPULATION

22,339

20.9%Renters
79.1%Home Owners
LABOR FORCE

 

73.2%White Collar
26.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,123 per month.

MY RENT : $2,123 MEDIAN RENT : $1,542

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.8%
$1,000-1,499 43.1%
>=$1,500 55.0%
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 $2,123 would therefore be considered affordable for annual household incomes greater than $84,920 (12 months x 3.333 x $2,123).

Rent % Affordability
Above $500 90.6%
Above $700 84.6%
Above $1,100 68.0%
Above $1,500 56.8%
Above $1,900 46.3%
HOUSEHOLD INCOME RANGE

Approximately 3,214 of households in this neighborhood have a total annual income of $84,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,123 per month.

MINIMUM INCOME RANGE : $84,920

Income % Distribution
<$20K 9.4%
$20K-$35K 13.7%
$35K-$60K 20.0%
$60K-$100K 25.9%
>=$100K 31.0%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.1%
5-9 mins 8.5%
10-14 mins 10.2%
15-19 mins 14.1%
20-29 mins 26.4%
30-44 mins 23.6%
45-59 mins 10.4%
>60 mins 4.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,123 per month.

MY RENT : $2,123 MEDIAN RENT : $1,542

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.8%
$1,000-1,499 43.1%
>=$1,500 55.0%
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 $2,123 would therefore be considered affordable for annual household incomes greater than $84,920 (12 months x 3.333 x $2,123).

Rent % Affordability
Above $500 90.6%
Above $700 84.6%
Above $1,100 68.0%
Above $1,500 56.8%
Above $1,900 46.3%
HOUSEHOLD INCOME RANGE

Approximately 3,214 of households in this neighborhood have a total annual income of $84,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,123 per month.

MINIMUM INCOME RANGE : $84,920

Income % Distribution
<$20K 9.4%
$20K-$35K 13.7%
$35K-$60K 20.0%
$60K-$100K 25.9%
>=$100K 31.0%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.1%
5-9 mins 8.5%
10-14 mins 10.2%
15-19 mins 14.1%
20-29 mins 26.4%
30-44 mins 23.6%
45-59 mins 10.4%
>60 mins 4.5%

OLMSTED FALLS Demographics

INDUSTRY

Industry % Distribution
Educational Services 9.3%
Financial Industries 7.0%
Health Care & Social Assistance 16.5%
Manufacturing 14.8%
Professional & Scientific Tech Services 8.6%
Retail & Wholesale Trader 12.6%
Other 31.2%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 29% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 17.8%
15-19 6.8%
20-24 4.5%
25-44 23.3%
45-65 29.4%
66+ 18.1%
OCCUPATION

Occupation % Distribution
Construction 6.1%
Healthcare 9.1%
Management, Business, & Financial 28.5%
Natural Resources Maintenance 6.9%
Production & Transportation 11.1%
Sales & Office 22.9%
Other 15.2%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.8%
High School 28.5%
Masters Degree 10.3%
Some College 22.6%
Some High School 3.6%
Other 26.3%

9720 Sunray Dr Comps

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9720 Sunray Dr, Olmsted Twp, OH 44138 is a single family home of 2,142 sqft. HomeUnion INVESTimateĀ® for 9720 Sunray Dr includes a Price Estimate of $225,525 and a Rent Estimate of $2,134. This single family home has 3 bedrooms,3 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 11.35% and Total Return of 21.27%. The estimated 1 year forecast in home value for 9720 Sunray Dr is 3.44%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , CUYAHOGA County , or the 44138 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2