INVESTimate
$70,455
1209 Pennsy Rd PROPERTY INFO
FACTS
- Built In 1973
- Price/Sqft : $109.59
CONSTRUCTION
- Beds : 3
- Floor Size : 2,030 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
1209 Pennsy Rd, Pequea, PA 17565 is a single family home of 2,030 sqft. HomeUnion estimate for 1209 Pennsy Rd includes a Price Estimate of $222,472 and a Rent Estimate of $1,362. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 7.35% and Total Return of 17.96%. The estimated 1 year forecast in home value for 1209 Pennsy Rd is 4.69%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1209 Pennsy Rd SCHOOLS
Financial Details
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PEQUEA
Neighborhood : PEQUEA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,362 per month.
MY RENT : $1,362 MEDIAN RENT : $1,273
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 $1,362 would therefore be considered affordable for annual household incomes greater than $54,480 (12 months x 3.333 x $1,362).
HOUSEHOLD INCOME RANGE
Approximately 579 of households in this neighborhood have a total annual income of $54,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,362 per month.
MINIMUM INCOME RANGE : $54,480
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% |
1209 Pennsy Rd Comps
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