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This page contains information about each property aggregated from public data sources, 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.

121 Elkhorn Bend Dr Midway, KY 40347

4 Beds 5 Baths 4,761 sqft Built 2003
Last updated:  Nov 28, 2019

INVESTimate

$427,879

$395K - $460K

Price Est.

$2,234

$1.9K - $2.6K

Rent Est.

$467,757  ( +9.32%)   1 YR EST. FORECAST

121 Elkhorn Bend Dr PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $89.87
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,761 sqft
  • Baths : 4 Full 1 Half
PROPERTY DESCRIPTION
121 Elkhorn Bend Dr, Midway, KY 40347 is a single family home of 4,761 sqft. HomeUnion estimate for 121 Elkhorn Bend Dr includes a Price Estimate of $427,879 and a Rent Estimate of $2,234. This single family home has 4 bedrooms, 5 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 6.27% and Total Return of 27.85%. The estimated 1 year forecast in home value for 121 Elkhorn Bend Dr is 9.32%.
  
  
  

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121 Elkhorn Bend Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WESTERN ELEMENTARY SCHOOL Primary Regular 714 36 NA
ROYAL SPRING MIDDLE SCHOOL Middle Regular 689 37 NA
SCOTT COUNTY HIGH SCHOOL High Regular 1,670 75 NA

WESTERN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 714
  • # of teachers: 36
0
GreatSchools Rating

ROYAL SPRING MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 689
  • # of teachers: 37
0
GreatSchools Rating

SCOTT COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,670
  • # of teachers: 75
0
GreatSchools Rating
 

Financial Details

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Neighborhood

MIDWAY

  • 2,696

    POPULATION
  • 995

    HOUSEHOLDS
  • 64.8%

    WHITE COLLAR

Neighborhood : MIDWAY

HOUSEHOLDS
995
POPULATION

2,696

30.5%Renters
69.5%Home Owners
LABOR FORCE

 

64.8%White Collar
35.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,234 per month.

MY RENT : $2,234 MEDIAN RENT : $1,161

Rent % Distribution LEVEL
$500-699 0.6%
$700-899 15.9%
$900-999 11.6%
$1,000-1,499 44.4%
>=$1,500 27.5%
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 $2,234 would therefore be considered affordable for annual household incomes greater than $89,360 (12 months x 3.333 x $2,234).

Rent % Affordability
Above $500 87.2%
Above $700 81.5%
Above $1,100 64.2%
Above $1,500 50.8%
Above $1,900 40.4%
HOUSEHOLD INCOME RANGE

Approximately 318 of households in this neighborhood have a total annual income of $89,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,234 per month.

MINIMUM INCOME RANGE : $89,360

Income % Distribution
<$20K 12.8%
$20K-$35K 11.4%
$35K-$60K 25.0%
$60K-$100K 21.1%
>=$100K 29.7%
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.

Time (mins) % Distribution
<5 mins 5.8%
5-9 mins 15.7%
10-14 mins 9.0%
15-19 mins 19.8%
20-29 mins 28.4%
30-44 mins 17.9%
45-59 mins 2.3%
>60 mins 1.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,234 per month.

MY RENT : $2,234 MEDIAN RENT : $1,161

Rent % Distribution
$500-699 0.6%
$700-899 15.9%
$900-999 11.6%
$1,000-1,499 44.4%
>=$1,500 27.5%
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 $2,234 would therefore be considered affordable for annual household incomes greater than $89,360 (12 months x 3.333 x $2,234).

Rent % Affordability
Above $500 87.2%
Above $700 81.5%
Above $1,100 64.2%
Above $1,500 50.8%
Above $1,900 40.4%
HOUSEHOLD INCOME RANGE

Approximately 318 of households in this neighborhood have a total annual income of $89,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,234 per month.

MINIMUM INCOME RANGE : $89,360

Income % Distribution
<$20K 12.8%
$20K-$35K 11.4%
$35K-$60K 25.0%
$60K-$100K 21.1%
>=$100K 29.7%
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.

Time (mins) % Distribution
<5 mins 5.8%
5-9 mins 15.7%
10-14 mins 9.0%
15-19 mins 19.8%
20-29 mins 28.4%
30-44 mins 17.9%
45-59 mins 2.3%
>60 mins 1.1%

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%

121 Elkhorn Bend Dr Comps

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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

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