1. < Ky Highway 1247

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This page contains aggregated information about each property, 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 about INVESTimate

12489 Ky Highway 1247 Waynesburg, KY 40489

3 Beds 2 Baths 1,176 sqft Built 0
Last updated:  Dec 26, 2019

INVESTimate

$90,182

$79.8K - $101K

Price Est.

$932

814 - $1.1K

Rent Est.

$35,398

Investment Est.

$91,535  ( +1.5%)   1 YR EST. FORECAST

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12489 Ky Highway 1247 PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $76.69
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 1 Full 1 Half

12489 Ky Highway 1247 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LINCOLN COUNTY HIGH SCHOOL High Regular 1,110 67 NA

LINCOLN COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,110
  • # of teachers: 67
0
GreatSchools Rating
 

Financial Details

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Neighborhood

WAYNESBURG

  • 4,168

    POPULATION

  • 1,518

    HOUSEHOLDS

  • 49.9%

    WHITE COLLAR

Neighborhood : WAYNESBURG

HOUSEHOLDS
1,518
POPULATION

4,168

22.9%Renters
77.1%Home Owners
LABOR FORCE

 

49.9%White Collar
50.1%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 $932 per month.

MY RENT : $932 MEDIAN RENT : $784

Rent % Distribution LEVEL
$500-699 24.9%
$700-899 43.1%
$900-999 14.3%
$1,000-1,499 17.3%
>=$1,500 0.5%
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 $932 would therefore be considered affordable for annual household incomes greater than $37,280 (12 months x 3.333 x $932).

Rent % Affordability
Above $500 75.7%
Above $700 61.3%
Above $1,100 42.3%
Above $1,500 24.6%
Above $1,900 18.3%
HOUSEHOLD INCOME RANGE

Approximately 521 of households in this neighborhood have a total annual income of $37,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $932 per month.

MINIMUM INCOME RANGE : $37,280

Income % Distribution
<$20K 24.3%
$20K-$35K 25.2%
$35K-$60K 25.9%
$60K-$100K 13.3%
>=$100K 11.3%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 5.7%
10-14 mins 4.4%
15-19 mins 8.8%
20-29 mins 28.4%
30-44 mins 22.4%
45-59 mins 15.8%
>60 mins 10.6%
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 $932 per month.

MY RENT : $932 MEDIAN RENT : $784

Rent % Distribution
$500-699 24.9%
$700-899 43.1%
$900-999 14.3%
$1,000-1,499 17.3%
>=$1,500 0.5%
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 $932 would therefore be considered affordable for annual household incomes greater than $37,280 (12 months x 3.333 x $932).

Rent % Affordability
Above $500 75.7%
Above $700 61.3%
Above $1,100 42.3%
Above $1,500 24.6%
Above $1,900 18.3%
HOUSEHOLD INCOME RANGE

Approximately 521 of households in this neighborhood have a total annual income of $37,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $932 per month.

MINIMUM INCOME RANGE : $37,280

Income % Distribution
<$20K 24.3%
$20K-$35K 25.2%
$35K-$60K 25.9%
$60K-$100K 13.3%
>=$100K 11.3%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 5.7%
10-14 mins 4.4%
15-19 mins 8.8%
20-29 mins 28.4%
30-44 mins 22.4%
45-59 mins 15.8%
>60 mins 10.6%
WAYNESBURG Demographics
INDUSTRY

           

Industry % Distribution
Construction 10.3%
Educational Services 8.3%
Health Care & Social Assistance 16.3%
Manufacturing 11.4%
Retail & Wholesale Trader 21.1%
Transportation 8.1%
Other 24.5%
OCCUPATION

           

Occupation % Distribution
Healthcare 18.4%
Management, Business, & Financial 6.0%
Natural Resources Maintenance 19.8%
Production & Transportation 18.1%
Sales & Office 20.3%
Social 3.9%
Other 13.5%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 21.7%
15-19 6.0%
20-24 2.9%
25-44 25.5%
45-65 29.0%
66+ 14.7%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 8.9%
High School 42.0%
Masters Degree 3.2%
Some College 21.6%
Some High School 19.5%
Other 4.9%

WAYNESBURG Demographics

INDUSTRY

Industry % Distribution
Construction 10.3%
Educational Services 8.3%
Health Care & Social Assistance 16.3%
Manufacturing 11.4%
Retail & Wholesale Trader 21.1%
Transportation 8.1%
Other 24.5%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 31% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 21.7%
15-19 6.0%
20-24 2.9%
25-44 25.5%
45-65 29.0%
66+ 14.7%
OCCUPATION

Occupation % Distribution
Healthcare 18.4%
Management, Business, & Financial 6.0%
Natural Resources Maintenance 19.8%
Production & Transportation 18.1%
Sales & Office 20.3%
Social 3.9%
Other 13.5%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.9%
High School 42.0%
Masters Degree 3.2%
Some College 21.6%
Some High School 19.5%
Other 4.9%

12489 Ky Highway 1247 Comps

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12489 Ky Highway 1247, Waynesburg, KY 40489 is a single family home of 1,176 sqft. HomeUnion INVESTimateĀ® for 12489 Ky Highway 1247 includes a Price Estimate of $90,182 and a Rent Estimate of $932. This single family home has 3 bedrooms,2 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 12.40% and Total Return of 21.08%. The estimated 1 year forecast in home value for 12489 Ky Highway 1247 is 1.5%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in KY , LINCOLN County , or the 40489 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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