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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

1815 Willow Ave Lamott, PA 19027

3 Beds 1 Baths 1,152 sqft Built 1940
Last updated:  Oct 23, 2019

INVESTimate

$134,461

$127K - $142K

Price Est.

$1,545

$1.4K - $1.7K

Rent Est.

$137,486  ( +2.25%)   1 YR EST. FORECAST
  
  
  

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1815 Willow Ave PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $116.72
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 1 Full

1815 Willow Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ELKINS PARK SCHOOL Primary Regular 651 54 NA
CEDARBROOK MIDDLE SCHOOL Middle Regular 719 58 NA
CHELTENHAM HIGH SCHOOL High Regular 1,469 114 7

ELKINS PARK SCHOOL

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 54
-1
GreatSchools Rating

CEDARBROOK MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 58
-1
GreatSchools Rating

CHELTENHAM HIGH SCHOOL

  • Education Level: High
  • # of students: 1,469
  • # of teachers: 114
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Elkins Park

  • 19,221

    POPULATION
  • 7,853

    HOUSEHOLDS
  • 78.0%

    WHITE COLLAR

Neighborhood : Elkins Park

HOUSEHOLDS
7,853
POPULATION

19,221

38.2%Renters
61.8%Home Owners
LABOR FORCE

 

78.0%White Collar
22.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,545 per month.

MY RENT : $1,545 MEDIAN RENT : $2,144

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 13.8%
>=$1,500 86.2%
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 $1,545 would therefore be considered affordable for annual household incomes greater than $61,800 (12 months x 3.333 x $1,545).

Rent % Affordability
Above $500 87.4%
Above $700 80.0%
Above $1,100 65.6%
Above $1,500 54.7%
Above $1,900 45.2%
HOUSEHOLD INCOME RANGE

Approximately 3,292 of households in this neighborhood have a total annual income of $61,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,545 per month.

MINIMUM INCOME RANGE : $61,800

Income % Distribution
<$20K 12.6%
$20K-$35K 14.2%
$35K-$60K 18.5%
$60K-$100K 20.7%
>=$100K 34.0%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 8.1%
10-14 mins 9.2%
15-19 mins 11.0%
20-29 mins 19.0%
30-44 mins 28.0%
45-59 mins 14.7%
>60 mins 8.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,545 per month.

MY RENT : $1,545 MEDIAN RENT : $2,144

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 13.8%
>=$1,500 86.2%
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 $1,545 would therefore be considered affordable for annual household incomes greater than $61,800 (12 months x 3.333 x $1,545).

Rent % Affordability
Above $500 87.4%
Above $700 80.0%
Above $1,100 65.6%
Above $1,500 54.7%
Above $1,900 45.2%
HOUSEHOLD INCOME RANGE

Approximately 3,292 of households in this neighborhood have a total annual income of $61,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,545 per month.

MINIMUM INCOME RANGE : $61,800

Income % Distribution
<$20K 12.6%
$20K-$35K 14.2%
$35K-$60K 18.5%
$60K-$100K 20.7%
>=$100K 34.0%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 8.1%
10-14 mins 9.2%
15-19 mins 11.0%
20-29 mins 19.0%
30-44 mins 28.0%
45-59 mins 14.7%
>60 mins 8.8%

Elkins Park Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.2%
Educational Services 13.7%
Financial Industries 8.8%
Health Care & Social Assistance 22.4%
Professional & Scientific Tech Services 7.5%
Retail & Wholesale Trader 9.8%
Other 30.6%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.6%
15-19 5.4%
20-24 7.6%
25-44 24.0%
45-65 28.4%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.3%
Construction 6.9%
Healthcare 15.3%
Management, Business, & Financial 20.2%
Production & Transportation 5.6%
Sales & Office 22.7%
Other 21.0%
HIGHEST EDUCATION LEVEL

36% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.7%
High School 19.4%
Masters Degree 16.8%
Professional 6.6%
Some College 17.2%
Other 32.3%

1815 Willow Ave Comps

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1815 Willow Ave, Lamott, PA 19027 is a single family home of 1,152 sqft. HomeUnion INVESTimateĀ® for 1815 Willow Ave includes a Price Estimate of $134,461 and a Rent Estimate of $1,545. This single family home has 3 bedrooms,1 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 13.79% and Total Return of 22.88%. The estimated 1 year forecast in home value for 1815 Willow Ave is 2.25%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , MONTGOMERY County , or the 19027 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2