Financial Details140 Sawmill Ln PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $211.56
CONSTRUCTION
- Beds : 3
- Floor Size : 2,094 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
140 Sawmill Ln, Spring Mills, PA 16875 is a single family home of 2,094 sqft. HomeUnion estimate for 140 Sawmill Ln includes a Price Estimate of $443,015 and a Rent Estimate of $1,648. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1994. This property has an estimated 15 year annualized Yield of 4.46% and Total Return of 14.09%. The estimated 1 year forecast in home value for 140 Sawmill Ln is 4.84%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
140 Sawmill Ln SCHOOLS
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Financial Details
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SPRING MILLS
Neighborhood : SPRING MILLS
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,648 per month.
MY RENT : $1,648 MEDIAN RENT : $1,298
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 $1,648 would therefore be considered affordable for annual household incomes greater than $65,920 (12 months x 3.333 x $1,648).
HOUSEHOLD INCOME RANGE
Approximately 571 of households in this neighborhood have a total annual income of $65,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,648 per month.
MINIMUM INCOME RANGE : $65,920
COMMUTE TIME DISTRIBUTION
73% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
SPRING MILLS Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 5.6% |
| Construction | 11.0% |
| Educational Services | 16.0% |
| Health Care & Social Assistance | 15.5% |
| Manufacturing | 10.8% |
| Retail & Wholesale Trader | 14.7% |
| Other | 26.4% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 33% is 24 or younger and 15% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 21.0% |
| 15-19 | 6.3% |
| 20-24 | 5.2% |
| 25-44 | 21.8% |
| 45-65 | 31.0% |
| 66+ | 14.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 9.1% |
| Healthcare | 10.0% |
| Management, Business, & Financial | 15.9% |
| Natural Resources Maintenance | 15.5% |
| Production & Transportation | 11.3% |
| Sales & Office | 15.3% |
| Other | 23.0% |
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 | 7.0% |
| High School | 43.6% |
| Masters Degree | 5.7% |
| Some College | 10.7% |
| Some High School | 13.7% |
| Other | 19.3% |
140 Sawmill Ln Comps
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