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116 Elkhorn Bend Dr PROPERTY INFO
FACTS
- Built In 2018
- Price/Sqft : $45.26
CONSTRUCTION
- Beds : 3
- Floor Size : 3,431 sqft
- Baths : 3 Full
116 Elkhorn Bend Dr SCHOOLS
Financial Details
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MIDWAY
Neighborhood : MIDWAY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 82% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $910 per month.
MY RENT : $910 MEDIAN RENT : $1,154
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 $910 would therefore be considered affordable for annual household incomes greater than $36,400 (12 months x 3.333 x $910).
HOUSEHOLD INCOME RANGE
Approximately 604 of households in this neighborhood have a total annual income of $36,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $910 per month.
MINIMUM INCOME RANGE : $36,400
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.
MIDWAY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 14.9% |
| Arts & Entertainment | 14.4% |
| Educational Services | 13.0% |
| Health Care & Social Assistance | 9.3% |
| Manufacturing | 9.3% |
| Retail & Wholesale Trader | 12.3% |
| Other | 26.8% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 35% is 24 or younger and 15% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 18.4% |
| 15-19 | 9.8% |
| 20-24 | 6.6% |
| 25-44 | 21.3% |
| 45-65 | 28.7% |
| 66+ | 15.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 7.5% |
| Healthcare | 7.7% |
| Management, Business, & Financial | 20.2% |
| Natural Resources Maintenance | 13.9% |
| Production & Transportation | 9.0% |
| Sales & Office | 18.3% |
| Other | 23.3% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 5.6% |
| High School | 23.6% |
| Masters Degree | 11.5% |
| Some College | 19.6% |
| Some High School | 10.5% |
| Other | 29.2% |
116 Elkhorn Bend Dr Comps
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116 Elkhorn Bend Dr, Midway, KY 40347 is a single family home of 3,431 sqft. HomeUnion INVESTimateĀ® for 116 Elkhorn Bend Dr includes a Price Estimate of $155,299 and a Rent Estimate of $910. This single family home has 3 bedrooms,3 bathrooms, and was built in 2018. This property has an estimated 15 year annualized Yield of 7.03% and Total Return of 27.65%. The estimated 1 year forecast in home value for 116 Elkhorn Bend Dr is 9.32%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in KY , SCOTT County , or the 40347 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
