174 Larchwood Dr PROPERTY INFO
FACTS
- Built In 1940
- Price/Sqft : $71.60
CONSTRUCTION
- Beds : 2
- Floor Size : 996 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
174 Larchwood Dr, New Galilee, PA 16141 is a single family home of 996 sqft. HomeUnion estimate for 174 Larchwood Dr includes a Price Estimate of $71,310 and a Rent Estimate of $896. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 15.08% and Total Return of 18.87%. The estimated 1 year forecast in home value for 174 Larchwood Dr is 3.54%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
174 Larchwood Dr SCHOOLS
Financial Details
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NEW GALILEE
Neighborhood : NEW GALILEE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $896 per month.
MY RENT : $896 MEDIAN RENT : $1,056
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 $896 would therefore be considered affordable for annual household incomes greater than $35,840 (12 months x 3.333 x $896).
HOUSEHOLD INCOME RANGE
Approximately 360 of households in this neighborhood have a total annual income of $35,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $896 per month.
MINIMUM INCOME RANGE : $35,840
COMMUTE TIME DISTRIBUTION
62% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.
NEW GALILEE Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 9.8% |
Construction | 8.9% |
Health Care & Social Assistance | 16.7% |
Manufacturing | 14.3% |
Retail & Wholesale Trader | 10.8% |
Transportation | 7.8% |
Other | 31.7% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 27% is 24 or younger and 21% is 65 or older.
Age | % Distribution |
---|---|
<15 | 15.1% |
15-19 | 4.8% |
20-24 | 7.3% |
25-44 | 18.9% |
45-65 | 33.1% |
66+ | 20.8% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 4.6% |
Healthcare | 10.9% |
Management, Business, & Financial | 15.5% |
Natural Resources Maintenance | 17.1% |
Production & Transportation | 17.7% |
Sales & Office | 17.9% |
Other | 16.4% |
HIGHEST EDUCATION LEVEL
15% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 8.5% |
High School | 47.6% |
Masters Degree | 5.1% |
Some College | 15.0% |
Some High School | 10.9% |
Other | 12.9% |
174 Larchwood Dr Comps
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