INVESTimate
$99,417
Financial Details1111 Pennsy Rd PROPERTY INFO
FACTS
- Built In 1970
- Price/Sqft : $152.54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,175 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
1111 Pennsy Rd, Pequea, PA 17565 is a single family home of 2,175 sqft. HomeUnion estimate for 1111 Pennsy Rd includes a Price Estimate of $331,764 and a Rent Estimate of $1,442. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 5.22% and Total Return of 12.93%. The estimated 1 year forecast in home value for 1111 Pennsy Rd is 4.69%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1111 Pennsy Rd SCHOOLS
Financial Details
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PEQUEA
Neighborhood : PEQUEA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,442 per month.
MY RENT : $1,442 MEDIAN RENT : $1,359
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 $1,442 would therefore be considered affordable for annual household incomes greater than $57,680 (12 months x 3.333 x $1,442).
HOUSEHOLD INCOME RANGE
Approximately 566 of households in this neighborhood have a total annual income of $57,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,442 per month.
MINIMUM INCOME RANGE : $57,680
COMMUTE TIME DISTRIBUTION
65% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.
PEQUEA Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 8.0% |
| Construction | 11.8% |
| Educational Services | 9.8% |
| Health Care & Social Assistance | 14.3% |
| Manufacturing | 12.1% |
| Retail & Wholesale Trader | 14.2% |
| Other | 29.8% |
AGE DISTRIBUTION
57% of the population is between the ages of 25 and 64, 31% is 24 or younger and 12% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 20.0% |
| 15-19 | 6.0% |
| 20-24 | 5.0% |
| 25-44 | 25.5% |
| 45-65 | 31.7% |
| 66+ | 11.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 8.2% |
| Healthcare | 8.8% |
| Management, Business, & Financial | 15.4% |
| Natural Resources Maintenance | 21.8% |
| Production & Transportation | 15.4% |
| Sales & Office | 17.3% |
| Other | 12.9% |
HIGHEST EDUCATION LEVEL
14% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 8.2% |
| High School | 45.3% |
| Masters Degree | 4.4% |
| Some College | 16.9% |
| Some High School | 11.9% |
| Other | 13.2% |
1111 Pennsy Rd Comps
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