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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

1481 Beechwood Lake Rd Westfield, PA 16950

3 Beds 2 Baths 960 sqft Built 1998
Last updated:  Nov 28, 2019

INVESTimate

$104,283

$89.8K - $119K

Price Est.

$1,078

908 - $1.2K

Rent Est.

$105,983  ( +1.63%)   1 YR EST. FORECAST
  
  
  

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1481 Beechwood Lake Rd PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $108.63
CONSTRUCTION
  • Beds : 3
  • Floor Size : 960 sqft
  • Baths : 2 Full

1481 Beechwood Lake Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WESTFIELD AREA ELEMENTARY SCHOOL Primary Regular 377 31 NA
COWANESQUE VALLEY HIGH SCHOOL Middle Regular 407 34 NA
COWANESQUE VALLEY HIGH SCHOOL High Regular 407 34 NA

WESTFIELD AREA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 377
  • # of teachers: 31
-1
GreatSchools Rating

COWANESQUE VALLEY HIGH SCHOOL

  • Education Level: Middle
  • # of students: 407
  • # of teachers: 34
-1
GreatSchools Rating

COWANESQUE VALLEY HIGH SCHOOL

  • Education Level: High
  • # of students: 407
  • # of teachers: 34
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

WESTFIELD

  • 3,423

    POPULATION
  • 1,336

    HOUSEHOLDS
  • 46.4%

    WHITE COLLAR

Neighborhood : WESTFIELD

HOUSEHOLDS
1,336
POPULATION

3,423

25.0%Renters
75.0%Home Owners
LABOR FORCE

 

46.4%White Collar
53.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,078 per month.

MY RENT : $1,078 MEDIAN RENT : $914

Rent % Distribution LEVEL
$500-699 1.0%
$700-899 45.0%
$900-999 24.7%
$1,000-1,499 27.3%
>=$1,500 2.0%
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 $1,078 would therefore be considered affordable for annual household incomes greater than $43,120 (12 months x 3.333 x $1,078).

Rent % Affordability
Above $500 75.2%
Above $700 64.8%
Above $1,100 44.8%
Above $1,500 28.7%
Above $1,900 18.5%
HOUSEHOLD INCOME RANGE

Approximately 486 of households in this neighborhood have a total annual income of $43,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,078 per month.

MINIMUM INCOME RANGE : $43,120

Income % Distribution
<$20K 24.8%
$20K-$35K 18.8%
$35K-$60K 27.8%
$60K-$100K 20.0%
>=$100K 8.7%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 38% 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 10.5%
5-9 mins 17.8%
10-14 mins 9.7%
15-19 mins 7.6%
20-29 mins 10.2%
30-44 mins 18.1%
45-59 mins 13.1%
>60 mins 12.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,078 per month.

MY RENT : $1,078 MEDIAN RENT : $914

Rent % Distribution
$500-699 1.0%
$700-899 45.0%
$900-999 24.7%
$1,000-1,499 27.3%
>=$1,500 2.0%
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 $1,078 would therefore be considered affordable for annual household incomes greater than $43,120 (12 months x 3.333 x $1,078).

Rent % Affordability
Above $500 75.2%
Above $700 64.8%
Above $1,100 44.8%
Above $1,500 28.7%
Above $1,900 18.5%
HOUSEHOLD INCOME RANGE

Approximately 486 of households in this neighborhood have a total annual income of $43,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,078 per month.

MINIMUM INCOME RANGE : $43,120

Income % Distribution
<$20K 24.8%
$20K-$35K 18.8%
$35K-$60K 27.8%
$60K-$100K 20.0%
>=$100K 8.7%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 38% 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 10.5%
5-9 mins 17.8%
10-14 mins 9.7%
15-19 mins 7.6%
20-29 mins 10.2%
30-44 mins 18.1%
45-59 mins 13.1%
>60 mins 12.9%

WESTFIELD Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.4%
Educational Services 7.0%
Health Care & Social Assistance 15.7%
Manufacturing 23.5%
Retail & Wholesale Trader 9.3%
Transportation 6.5%
Other 31.6%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 24% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 14.7%
15-19 6.1%
20-24 3.0%
25-44 21.9%
45-65 31.5%
66+ 22.8%
OCCUPATION

Occupation % Distribution
Construction 5.3%
Healthcare 6.6%
Management, Business, & Financial 9.1%
Natural Resources Maintenance 14.0%
Production & Transportation 28.7%
Sales & Office 17.6%
Other 18.7%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.1%
High School 51.7%
Masters Degree 3.7%
Some College 13.7%
Some High School 17.0%
Other 6.9%

1481 Beechwood Lake Rd Comps

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1481 Beechwood Lake Rd, Westfield, PA 16950 is a single family home of 960 sqft. HomeUnion INVESTimateĀ® for 1481 Beechwood Lake Rd includes a Price Estimate of $104,283 and a Rent Estimate of $1,078. This single family home has 3 bedrooms,2 bathrooms, and was built in 1998. This property has an estimated 15 year annualized Yield of 12.40% and Total Return of 21.18%. The estimated 1 year forecast in home value for 1481 Beechwood Lake Rd is 1.63%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , TIOGA County , or the 16950 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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