Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

129 Riverview Ave Observatory, PA 15214

4 Beds 2 Baths 2,160 sqft Built 1960
Last updated:  Oct 23, 2019

INVESTimate

$135,535

$129K - $142K

Price Est.

$1,710

$1.5K - $2.0K

Rent Est.

$146,296  ( +7.94%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

129 Riverview Ave PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $62.75
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,160 sqft
  • Baths : 2 Full

129 Riverview Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MORROW ELEMENTARY SCHOOL Primary Regular 400 23 2
PERRY HIGH SCHOOL High Magnet 652 53 NA

MORROW ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 400
  • # of teachers: 23
2
GreatSchools Rating

PERRY HIGH SCHOOL

  • Education Level: High
  • # of students: 652
  • # of teachers: 53
-1
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Perry North

  • 3,523

    POPULATION
  • 1,517

    HOUSEHOLDS
  • 66.2%

    WHITE COLLAR

Neighborhood : Perry North

HOUSEHOLDS
1,517
POPULATION

3,523

34.7%Renters
65.3%Home Owners
LABOR FORCE

 

66.2%White Collar
33.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,710 per month.

MY RENT : $1,710 MEDIAN RENT : $1,131

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 6.5%
$900-999 17.5%
$1,000-1,499 68.0%
>=$1,500 8.0%
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 $1,710 would therefore be considered affordable for annual household incomes greater than $68,400 (12 months x 3.333 x $1,710).

Rent % Affordability
Above $500 86.3%
Above $700 77.4%
Above $1,100 52.5%
Above $1,500 37.9%
Above $1,900 30.5%
HOUSEHOLD INCOME RANGE

Approximately 399 of households in this neighborhood have a total annual income of $68,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,710 per month.

MINIMUM INCOME RANGE : $68,400

Income % Distribution
<$20K 13.7%
$20K-$35K 19.5%
$35K-$60K 28.9%
$60K-$100K 17.0%
>=$100K 20.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.7%
5-9 mins 6.5%
10-14 mins 15.7%
15-19 mins 17.6%
20-29 mins 23.3%
30-44 mins 23.9%
45-59 mins 6.2%
>60 mins 6.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,710 per month.

MY RENT : $1,710 MEDIAN RENT : $1,131

Rent % Distribution
$500-699 0.0%
$700-899 6.5%
$900-999 17.5%
$1,000-1,499 68.0%
>=$1,500 8.0%
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 $1,710 would therefore be considered affordable for annual household incomes greater than $68,400 (12 months x 3.333 x $1,710).

Rent % Affordability
Above $500 86.3%
Above $700 77.4%
Above $1,100 52.5%
Above $1,500 37.9%
Above $1,900 30.5%
HOUSEHOLD INCOME RANGE

Approximately 399 of households in this neighborhood have a total annual income of $68,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,710 per month.

MINIMUM INCOME RANGE : $68,400

Income % Distribution
<$20K 13.7%
$20K-$35K 19.5%
$35K-$60K 28.9%
$60K-$100K 17.0%
>=$100K 20.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.7%
5-9 mins 6.5%
10-14 mins 15.7%
15-19 mins 17.6%
20-29 mins 23.3%
30-44 mins 23.9%
45-59 mins 6.2%
>60 mins 6.0%

Perry North Demographics

INDUSTRY

Industry % Distribution
Administrative Support 5.8%
Arts & Entertainment 9.4%
Educational Services 11.0%
Health Care & Social Assistance 24.1%
Professional & Scientific Tech Services 6.4%
Retail & Wholesale Trader 10.0%
Other 33.3%
AGE DISTRIBUTION

63% of the population is between the ages of 25 and 64, 25% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 15.8%
15-19 3.5%
20-24 6.0%
25-44 31.9%
45-65 31.3%
66+ 11.6%
OCCUPATION

Occupation % Distribution
Construction 7.2%
Healthcare 11.8%
Management, Business, & Financial 19.4%
Production & Transportation 11.6%
Sales & Office 18.9%
Social 5.8%
Other 25.3%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.1%
High School 22.9%
Masters Degree 10.3%
Some College 21.9%
Some High School 9.6%
Other 27.1%

129 Riverview Ave Comps

Sorry, we do not have sufficient data available.

129 Riverview Ave, Observatory, PA 15214 is a single family home of 2,160 sqft. HomeUnion INVESTimateĀ® for 129 Riverview Ave includes a Price Estimate of $135,535 and a Rent Estimate of $1,710. This single family home has 4 bedrooms,2 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 15.14% and Total Return of 37.99%. The estimated 1 year forecast in home value for 129 Riverview Ave is 7.94%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , ALLEGHENY County , or the 15214 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 15212
  2. 15229
  3. 15237
  4. 15209
  5. 15202
  6. 15233
  7. 15136