Financial Details242 Rampart Blvd PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $148.89
CONSTRUCTION
- Beds : 3
- Floor Size : 1,040 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
242 Rampart Blvd, New Kensington, PA 15068 is a single family home of 1,040 sqft. HomeUnion estimate for 242 Rampart Blvd includes a Price Estimate of $154,844 and a Rent Estimate of $1,137. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 8.81% and Total Return of 12.56%. The estimated 1 year forecast in home value for 242 Rampart Blvd is 1.86%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
242 Rampart Blvd SCHOOLS
Financial Details
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NEW KENSINGTON
Neighborhood : NEW KENSINGTON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,137 per month.
MY RENT : $1,137 MEDIAN RENT : $775
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 $1,137 would therefore be considered affordable for annual household incomes greater than $45,480 (12 months x 3.333 x $1,137).
HOUSEHOLD INCOME RANGE
Approximately 8,277 of households in this neighborhood have a total annual income of $45,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,137 per month.
MINIMUM INCOME RANGE : $45,480
COMMUTE TIME DISTRIBUTION
56% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.
NEW KENSINGTON Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 8.5% |
| Educational Services | 7.5% |
| Health Care & Social Assistance | 16.9% |
| Manufacturing | 15.8% |
| Professional & Scientific Tech Services | 5.3% |
| Retail & Wholesale Trader | 17.5% |
| Other | 28.5% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 26% is 24 or younger and 20% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.8% |
| 15-19 | 5.7% |
| 20-24 | 4.3% |
| 25-44 | 22.2% |
| 45-65 | 31.7% |
| 66+ | 20.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 8.0% |
| Healthcare | 9.9% |
| Management, Business, & Financial | 15.9% |
| Natural Resources Maintenance | 7.3% |
| Production & Transportation | 16.2% |
| Sales & Office | 25.1% |
| Other | 17.5% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 10.8% |
| High School | 39.2% |
| Masters Degree | 7.0% |
| Some College | 17.0% |
| Some High School | 7.8% |
| Other | 18.2% |
242 Rampart Blvd Comps
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