INVESTimate
$39,927
Financial Details141 Wofford PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $61.16
CONSTRUCTION
- Beds : 0
- Floor Size : 1,754 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
141 Wofford, Edmondson, AR 72332 is a single family home of 1,754 sqft. HomeUnion estimate for 141 Wofford includes a Price Estimate of $107,272 and a Rent Estimate of $809. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 9.05% and Total Return of 18.18%. The estimated 1 year forecast in home value for 141 Wofford is 2.71%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
141 Wofford SCHOOLS
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Financial Details
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EDMONDSON
Neighborhood : EDMONDSON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 10% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $809 per month.
MY RENT : $809 MEDIAN RENT : $682
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 $809 would therefore be considered affordable for annual household incomes greater than $32,360 (12 months x 3.333 x $809).
HOUSEHOLD INCOME RANGE
Approximately 31 of households in this neighborhood have a total annual income of $32,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $809 per month.
MINIMUM INCOME RANGE : $32,360
COMMUTE TIME DISTRIBUTION
42% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 42% has a commute time of 45 minutes or longer.
EDMONDSON Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 11.8% |
| Agriculture, Fishing & Game | 11.8% |
| Information | 5.9% |
| Manufacturing | 11.8% |
| Retail & Wholesale Trader | 11.8% |
| Transportation | 11.8% |
| Other | 35.3% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 12.2% |
| 15-19 | 10.2% |
| 20-24 | 8.2% |
| 25-44 | 14.3% |
| 45-65 | 38.8% |
| 66+ | 16.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 18.2% |
| Management, Business, & Financial | 18.2% |
| Natural Resources Maintenance | 9.1% |
| PCare | 9.1% |
| Production & Transportation | 9.1% |
| Sales & Office | 36.4% |
| Other | -0.0% |
HIGHEST EDUCATION LEVEL
8% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 4.0% |
| High School | 40.0% |
| Masters Degree | 4.0% |
| Some College | 20.0% |
| Some High School | 24.0% |
| Other | 8.0% |
141 Wofford Comps
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