INVESTimate
$47,595
221 Valley Rd PROPERTY INFO
FACTS
- Built In 1946
- Price/Sqft : $140.71
CONSTRUCTION
- Beds : 0
- Floor Size : 968 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
221 Valley Rd, Schellsburg, PA 15559 is a single family home of 968 sqft. HomeUnion estimate for 221 Valley Rd includes a Price Estimate of $136,209 and a Rent Estimate of $848. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1946. This property has an estimated 15 year annualized Yield of 7.47% and Total Return of 14.30%. The estimated 1 year forecast in home value for 221 Valley Rd is 2.03%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
221 Valley Rd SCHOOLS
Financial Details
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SCHELLSBURG
Neighborhood : SCHELLSBURG
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $848 per month.
MY RENT : $848 MEDIAN RENT : $929
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 $848 would therefore be considered affordable for annual household incomes greater than $33,920 (12 months x 3.333 x $848).
HOUSEHOLD INCOME RANGE
Approximately 1,747 of households in this neighborhood have a total annual income of $33,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $848 per month.
MINIMUM INCOME RANGE : $33,920
COMMUTE TIME DISTRIBUTION
65% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.
SCHELLSBURG Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 9.6% |
Construction | 9.3% |
Health Care & Social Assistance | 15.3% |
Manufacturing | 15.5% |
Retail & Wholesale Trader | 10.8% |
Transportation | 8.9% |
Other | 30.6% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 23% is 24 or younger and 21% is 65 or older.
Age | % Distribution |
---|---|
<15 | 14.2% |
15-19 | 5.3% |
20-24 | 3.9% |
25-44 | 21.0% |
45-65 | 34.3% |
66+ | 21.3% |
OCCUPATION
Occupation | % Distribution |
---|---|
Education | 5.8% |
Healthcare | 8.3% |
Management, Business, & Financial | 11.6% |
Natural Resources Maintenance | 12.4% |
Production & Transportation | 23.0% |
Sales & Office | 21.4% |
Other | 17.5% |
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 | 8.8% |
High School | 53.4% |
Masters Degree | 4.5% |
Some College | 13.5% |
Some High School | 12.4% |
Other | 7.5% |
221 Valley Rd Comps
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