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15218 Riches Rd PROPERTY INFO
FACTS
- Built In 1944
- Price/Sqft : $176.44
CONSTRUCTION
- Beds : 0
- Floor Size : 1,448 sqft
- Baths : 1 Full
15218 Riches Rd SCHOOLS
Financial Details
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FAYETTEVILLE
Neighborhood : FAYETTEVILLE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 72% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,189 per month.
MY RENT : $1,189 MEDIAN RENT : $1,382
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 $1,189 would therefore be considered affordable for annual household incomes greater than $47,560 (12 months x 3.333 x $1,189).
HOUSEHOLD INCOME RANGE
Approximately 5,319 of households in this neighborhood have a total annual income of $47,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,189 per month.
MINIMUM INCOME RANGE : $47,560
COMMUTE TIME DISTRIBUTION
67% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.
FAYETTEVILLE Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 8.6% |
| Educational Services | 15.7% |
| Health Care & Social Assistance | 15.4% |
| Manufacturing | 9.8% |
| Professional & Scientific Tech Services | 10.0% |
| Retail & Wholesale Trader | 14.8% |
| Other | 25.9% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 39% is 24 or younger and 10% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 22.2% |
| 15-19 | 5.9% |
| 20-24 | 11.3% |
| 25-44 | 31.6% |
| 45-65 | 19.3% |
| 66+ | 9.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 9.3% |
| Healthcare | 9.4% |
| Management, Business, & Financial | 21.2% |
| Natural Resources Maintenance | 6.7% |
| Production & Transportation | 7.8% |
| Sales & Office | 24.8% |
| Other | 20.8% |
HIGHEST EDUCATION LEVEL
26% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 6.2% |
| High School | 20.2% |
| Masters Degree | 12.0% |
| Some College | 21.6% |
| Some High School | 5.2% |
| Other | 34.9% |
15218 Riches Rd Comps
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15218 Riches Rd, Fayetteville, AR 72704 is a single family home of 1,448 sqft. HomeUnion INVESTimate® for 15218 Riches Rd includes a Price Estimate of $255,489 and a Rent Estimate of $1,189. This single family home has 0 bedrooms,1 bathrooms, and was built in 1944. This property has an estimated 15 year annualized Yield of 5.58% and Total Return of 14.17%. The estimated 1 year forecast in home value for 15218 Riches Rd is 5.75%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AR, WASHINGTON County, or the 72704 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
