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15218 Riches Rd 841 PROPERTY INFO
FACTS
- Built In 1944
- Price/Sqft : $122.88
CONSTRUCTION
- Beds : 0
- Floor Size : 1,448 sqft
- Baths : 1 Full
15218 Riches Rd 841 SCHOOLS
Financial Details
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FAYETTEVILLE
Neighborhood : FAYETTEVILLE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,145 per month.
MY RENT : $1,145 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 $1,145 would therefore be considered affordable for annual household incomes greater than $45,800 (12 months x 3.333 x $1,145).
HOUSEHOLD INCOME RANGE
Approximately 5,384 of households in this neighborhood have a total annual income of $45,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,145 per month.
MINIMUM INCOME RANGE : $45,800
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 841 Comps
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15218 Riches Rd 841, Fayetteville, AR 72704 is a single family home of 1,448 sqft. HomeUnion INVESTimateĀ® for 15218 Riches Rd 841 includes a Price Estimate of $177,929 and a Rent Estimate of $1,145. This single family home has 0 bedrooms,1 bathrooms, and was built in 1944. This property has an estimated 15 year annualized Yield of 7.72% and Total Return of 19.39%. The estimated 1 year forecast in home value for 15218 Riches Rd 841 is 4.25%.
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
