INVESTimate
$90,730
11 Meadow Ln PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $106.25
CONSTRUCTION
- Beds : 5
- Floor Size : 2,814 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
11 Meadow Ln, Scott Depot, WV 25560 is a single family home of 2,814 sqft. HomeUnion estimate for 11 Meadow Ln includes a Price Estimate of $298,981 and a Rent Estimate of $2,015. This single family home has 5 bedrooms, 3 bathrooms, and was built in 1994. This property has an estimated 15 year annualized Yield of 8.09% and Total Return of 21.13%. The estimated 1 year forecast in home value for 11 Meadow Ln is 3.97%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
11 Meadow Ln SCHOOLS
Financial Details
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Teays Valley
Neighborhood : Teays Valley
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,015 per month.
MY RENT : $2,015 MEDIAN RENT : $1,620
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 $2,015 would therefore be considered affordable for annual household incomes greater than $80,600 (12 months x 3.333 x $2,015).
HOUSEHOLD INCOME RANGE
Approximately 1,872 of households in this neighborhood have a total annual income of $80,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,015 per month.
MINIMUM INCOME RANGE : $80,600
COMMUTE TIME DISTRIBUTION
64% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
Teays Valley Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 11.1% |
Educational Services | 11.1% |
Health Care & Social Assistance | 19.0% |
Manufacturing | 7.6% |
Retail & Wholesale Trader | 16.1% |
Transportation | 7.0% |
Other | 28.1% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 19% is 65 or older.
Age | % Distribution |
---|---|
<15 | 20.5% |
15-19 | 6.4% |
20-24 | 4.5% |
25-44 | 24.6% |
45-65 | 25.3% |
66+ | 18.7% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 9.7% |
Construction | 6.7% |
Healthcare | 12.1% |
Management, Business, & Financial | 23.6% |
Production & Transportation | 7.3% |
Sales & Office | 24.8% |
Other | 15.8% |
HIGHEST EDUCATION LEVEL
27% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 10.2% |
High School | 26.8% |
Masters Degree | 12.1% |
Some College | 19.1% |
Some High School | 5.9% |
Other | 25.9% |
11 Meadow Ln Comps
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