Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

153 Old Mill Rd Ohiopyle, PA 15470

2 Beds 1 Baths 1,576 sqft Built 1945
Last updated:  Jan 23, 2020

INVESTimate

$192,721

$180K - $206K

Price Est.

$1,028

865 - $1.2K

Rent Est.

$199,543  ( +3.54%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

153 Old Mill Rd PROPERTY INFO

FACTS
  • Built In 1945
  • Price/Sqft : $122.28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,576 sqft
  • Baths : 1 Full

153 Old Mill Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
UNIONTOWN AREA SENIOR HIGH SCHOOL High Regular 895 64 4

UNIONTOWN AREA SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 895
  • # of teachers: 64
4
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

OHIOPYLE

  • 819

    POPULATION
  • 354

    HOUSEHOLDS
  • 51.1%

    WHITE COLLAR

Neighborhood : OHIOPYLE

HOUSEHOLDS
354
POPULATION

819

28.7%Renters
71.3%Home Owners
LABOR FORCE

 

51.1%White Collar
48.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,028 per month.

MY RENT : $1,028 MEDIAN RENT : $1,108

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 14.1%
$900-999 17.5%
$1,000-1,499 58.8%
>=$1,500 9.6%
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 $1,028 would therefore be considered affordable for annual household incomes greater than $41,120 (12 months x 3.333 x $1,028).

Rent % Affordability
Above $500 84.7%
Above $700 75.9%
Above $1,100 56.7%
Above $1,500 43.2%
Above $1,900 30.1%
HOUSEHOLD INCOME RANGE

Approximately 182 of households in this neighborhood have a total annual income of $41,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,028 per month.

MINIMUM INCOME RANGE : $41,120

Income % Distribution
<$20K 15.3%
$20K-$35K 17.8%
$35K-$60K 23.7%
$60K-$100K 27.3%
>=$100K 15.9%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 14.7%
10-14 mins 19.0%
15-19 mins 8.3%
20-29 mins 17.0%
30-44 mins 19.8%
45-59 mins 9.8%
>60 mins 9.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,028 per month.

MY RENT : $1,028 MEDIAN RENT : $1,108

Rent % Distribution
$500-699 0.0%
$700-899 14.1%
$900-999 17.5%
$1,000-1,499 58.8%
>=$1,500 9.6%
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 $1,028 would therefore be considered affordable for annual household incomes greater than $41,120 (12 months x 3.333 x $1,028).

Rent % Affordability
Above $500 84.7%
Above $700 75.9%
Above $1,100 56.7%
Above $1,500 43.2%
Above $1,900 30.1%
HOUSEHOLD INCOME RANGE

Approximately 182 of households in this neighborhood have a total annual income of $41,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,028 per month.

MINIMUM INCOME RANGE : $41,120

Income % Distribution
<$20K 15.3%
$20K-$35K 17.8%
$35K-$60K 23.7%
$60K-$100K 27.3%
>=$100K 15.9%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 14.7%
10-14 mins 19.0%
15-19 mins 8.3%
20-29 mins 17.0%
30-44 mins 19.8%
45-59 mins 9.8%
>60 mins 9.2%

OHIOPYLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 25.0%
Construction 13.0%
Educational Services 9.5%
Health Care & Social Assistance 7.3%
Manufacturing 10.9%
Transportation 10.3%
Other 23.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 25% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 17.2%
15-19 3.5%
20-24 4.6%
25-44 20.5%
45-65 32.8%
66+ 21.2%
OCCUPATION

Occupation % Distribution
Construction 8.3%
Education 6.9%
Management, Business, & Financial 14.1%
Natural Resources Maintenance 13.8%
Production & Transportation 19.7%
Sales & Office 17.2%
Other 20.0%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.8%
High School 45.9%
Masters Degree 6.8%
Some College 13.0%
Some High School 5.3%
Other 22.1%

153 Old Mill Rd Comps

Sorry, we do not have sufficient data available.

153 Old Mill Rd, Ohiopyle, PA 15470 is a single family home of 1,576 sqft. HomeUnion INVESTimateĀ® for 153 Old Mill Rd includes a Price Estimate of $192,721 and a Rent Estimate of $1,028. This single family home has 2 bedrooms,1 bathrooms, and was built in 1945. This property has an estimated 15 year annualized Yield of 6.40% and Total Return of 10.53%. The estimated 1 year forecast in home value for 153 Old Mill Rd is 3.54%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , FAYETTE County , or the 15470 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 15421
  2. 15445
  3. 15437
  4. 15610
  5. 15425
  6. 15622
  7. 15012
  8. 15401