INVESTimate
$94,177
Financial Details1305 Middle St PROPERTY INFO
FACTS
- Built In 1900
- Price/Sqft : $141.30
CONSTRUCTION
- Beds : 2
- Floor Size : 2,208 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
1305 Middle St, Pittsburgh, PA 15215 is a single family home of 2,208 sqft. HomeUnion estimate for 1305 Middle St includes a Price Estimate of $311,987 and a Rent Estimate of $1,773. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 6.82% and Total Return of 21.55%. The estimated 1 year forecast in home value for 1305 Middle St is 6.13%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1305 Middle St SCHOOLS
Financial Details
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Sharpsburg
Neighborhood : Sharpsburg
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,773 per month.
MY RENT : $1,773 MEDIAN RENT : $1,201
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 $1,773 would therefore be considered affordable for annual household incomes greater than $70,920 (12 months x 3.333 x $1,773).
HOUSEHOLD INCOME RANGE
Approximately 202 of households in this neighborhood have a total annual income of $70,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,773 per month.
MINIMUM INCOME RANGE : $70,920
COMMUTE TIME DISTRIBUTION
62% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
Sharpsburg Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 8.2% |
| Construction | 5.6% |
| Financial Industries | 7.8% |
| Health Care & Social Assistance | 19.7% |
| Manufacturing | 12.4% |
| Retail & Wholesale Trader | 22.1% |
| Other | 24.2% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 28% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.5% |
| 15-19 | 5.7% |
| 20-24 | 7.6% |
| 25-44 | 24.9% |
| 45-65 | 30.7% |
| 66+ | 16.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 11.0% |
| Management, Business, & Financial | 21.9% |
| Natural Resources Maintenance | 8.0% |
| PCare | 4.1% |
| Production & Transportation | 18.0% |
| Sales & Office | 25.3% |
| Other | 11.6% |
HIGHEST EDUCATION LEVEL
16% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 12.1% |
| High School | 41.4% |
| Masters Degree | 2.4% |
| Some College | 15.9% |
| Some High School | 13.4% |
| Other | 14.7% |
1305 Middle St Comps
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