Sell Your Property

Easily Access a network of motivated buyers
This page contains information about each property aggregated from public data sources, 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.

...MORE

This page contains information about each property aggregated from public data sources, 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.

2601 General Potter Hwy Spring Mills, PA 16875

4 Beds 3 Baths 2,062 sqft Built 1972
Last updated:  Oct 23, 2019

INVESTimate

$462,490

$427K - $498K

Price Est.

$1,404

$1.2K - $1.6K

Rent Est.

$484,875  ( +4.84%)   1 YR EST. FORECAST

2601 General Potter Hwy PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $224.29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,062 sqft
  • Baths : 1 Full 2 Half
PROPERTY DESCRIPTION
2601 General Potter Hwy, Spring Mills, PA 16875 is a single family home of 2,062 sqft. HomeUnion estimate for 2601 General Potter Hwy includes a Price Estimate of $462,490 and a Rent Estimate of $1,404. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 3.64% and Total Return of 11.23%. The estimated 1 year forecast in home value for 2601 General Potter Hwy is 4.84%.
  
  
  

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

  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 13.98% GROSS YIELD
    • $7,359 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $170,000
    • $50,800
    • $1,980
  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 13.98% GROSS YIELD
    • $7,359 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $169,900
    • $50,774
    • $1,980
  • 1439 E HIGHLAND BLVD San Antonio, TX
    • 6 beds 2 baths ∙ 3,100 Sqft ∙ Built 1939 ∙ 2units 6 beds 2 baths ∙ 3,100 Sqft ∙ Built 1939 ∙ 2units
    AVAILABLE
    • 13.66% GROSS YIELD
    • $17,127 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $245,900
    • $76,664
    • $2,800
  • 3717 HIDALGO STREET Irving, TX
    • 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 1984 ∙ 1units 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 1984 ∙ 1units
    AVAILABLE
    • 12.82% GROSS YIELD
    • $12,255 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $250,000
    • $72,000
    • $2,670

2601 General Potter Hwy SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

See Financial Details

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

Already have an account?
Neighborhood

SPRING MILLS

  • 4,743

    POPULATION
  • 1,668

    HOUSEHOLDS
  • 59.3%

    WHITE COLLAR

Neighborhood : SPRING MILLS

HOUSEHOLDS
1,668
POPULATION

4,743

19.2%Renters
80.8%Home Owners
LABOR FORCE

 

59.3%White Collar
40.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 41% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,404 per month.

MY RENT : $1,404 MEDIAN RENT : $1,298

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.6%
$900-999 5.9%
$1,000-1,499 64.8%
>=$1,500 28.7%
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 $1,404 would therefore be considered affordable for annual household incomes greater than $56,160 (12 months x 3.333 x $1,404).

Rent % Affordability
Above $500 89.0%
Above $700 82.0%
Above $1,100 61.9%
Above $1,500 49.0%
Above $1,900 39.0%
HOUSEHOLD INCOME RANGE

Approximately 842 of households in this neighborhood have a total annual income of $56,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,404 per month.

MINIMUM INCOME RANGE : $56,160

Income % Distribution
<$20K 11.0%
$20K-$35K 16.6%
$35K-$60K 23.4%
$60K-$100K 21.2%
>=$100K 27.9%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.1%
5-9 mins 7.0%
10-14 mins 8.5%
15-19 mins 5.5%
20-29 mins 27.4%
30-44 mins 37.3%
45-59 mins 4.8%
>60 mins 3.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 41% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,404 per month.

MY RENT : $1,404 MEDIAN RENT : $1,298

Rent % Distribution
$500-699 0.0%
$700-899 0.6%
$900-999 5.9%
$1,000-1,499 64.8%
>=$1,500 28.7%
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 $1,404 would therefore be considered affordable for annual household incomes greater than $56,160 (12 months x 3.333 x $1,404).

Rent % Affordability
Above $500 89.0%
Above $700 82.0%
Above $1,100 61.9%
Above $1,500 49.0%
Above $1,900 39.0%
HOUSEHOLD INCOME RANGE

Approximately 842 of households in this neighborhood have a total annual income of $56,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,404 per month.

MINIMUM INCOME RANGE : $56,160

Income % Distribution
<$20K 11.0%
$20K-$35K 16.6%
$35K-$60K 23.4%
$60K-$100K 21.2%
>=$100K 27.9%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.1%
5-9 mins 7.0%
10-14 mins 8.5%
15-19 mins 5.5%
20-29 mins 27.4%
30-44 mins 37.3%
45-59 mins 4.8%
>60 mins 3.3%

SPRING MILLS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.1%
Construction 10.8%
Educational Services 17.7%
Health Care & Social Assistance 14.1%
Manufacturing 9.4%
Retail & Wholesale Trader 13.4%
Other 28.6%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 32% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 21.5%
15-19 5.3%
20-24 5.1%
25-44 22.5%
45-65 30.8%
66+ 14.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.9%
Healthcare 7.2%
Management, Business, & Financial 20.6%
Natural Resources Maintenance 17.9%
Production & Transportation 9.8%
Sales & Office 15.8%
Other 19.9%
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 6.7%
High School 44.7%
Masters Degree 5.9%
Some College 10.0%
Some High School 14.0%
Other 18.6%

2601 General Potter Hwy Comps

Sorry, we do not have sufficient data available.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , CENTRE County , or the 16875 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 16828