1. < Benedict Ln

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.

308 Benedict Ln New Galilee, PA 16141

4 Beds 2 Baths 1,536 sqft Built 1986
Last updated:  Jan 23, 2020

INVESTimate

$146,698

$139K - $154K

Price Est.

$1,215

$1.1K - $1.4K

Rent Est.

$50,375

Investment Est.

$151,891  ( +3.54%)   1 YR EST. FORECAST

308 Benedict Ln PROPERTY INFO

FACTS
  • Built In 1986
  • Price/Sqft : $95.51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,536 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
308 Benedict Ln, New Galilee, PA 16141 is a single family home of 1,536 sqft. HomeUnion estimate for 308 Benedict Ln includes a Price Estimate of $146,698 and a Rent Estimate of $1,215. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 9.94% and Total Return of 19.49%. The estimated 1 year forecast in home value for 308 Benedict Ln is 3.54%.

OTHER REAL ESTATE INVESTMENT PROPERTIES

  
  
  

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
    • $169,900
    • $50,774
    • $1,980
  • 6830 AGUA CALIENTES San Antonio, TX
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1979 ∙ 1units 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1979 ∙ 1units
    AVAILABLE
    • 12.80% GROSS YIELD
    • $6,808 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $120,000
    • $37,550
    • $1,280
  • 1147 W ROSEWOOD AVE San Antonio, TX
    • 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1920 ∙ 2units 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1920 ∙ 2units
    AVAILABLE
    • 12.70% GROSS YIELD
    • $11,492 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $189,023
    • $61,591
    • $2,000
  • 2032 GLENRIDGE DRIVE Indianapolis, IN
    • 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units
    AVAILABLE
    • 12.40% GROSS YIELD
    • $5,248 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $90,000
    • $29,600
    • $930

308 Benedict Ln 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

NEW GALILEE

  • 1,677

    POPULATION

  • 698

    HOUSEHOLDS

  • 51.8%

    WHITE COLLAR

Neighborhood : NEW GALILEE

HOUSEHOLDS
698
POPULATION

1,677

14.1%Renters
85.9%Home Owners
LABOR FORCE

 

51.8%White Collar
48.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,215 per month.

MY RENT : $1,215 MEDIAN RENT : $1,056

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 7.8%
$900-999 24.5%
$1,000-1,499 57.5%
>=$1,500 10.2%
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 $1,215 would therefore be considered affordable for annual household incomes greater than $48,600 (12 months x 3.333 x $1,215).

Rent % Affordability
Above $500 85.1%
Above $700 73.6%
Above $1,100 55.1%
Above $1,500 42.2%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 326 of households in this neighborhood have a total annual income of $48,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,215 per month.

MINIMUM INCOME RANGE : $48,600

Income % Distribution
<$20K 14.9%
$20K-$35K 19.7%
$35K-$60K 23.2%
$60K-$100K 25.3%
>=$100K 16.9%
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.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 7.7%
10-14 mins 10.5%
15-19 mins 15.6%
20-29 mins 22.8%
30-44 mins 23.5%
45-59 mins 10.7%
>60 mins 8.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,215 per month.

MY RENT : $1,215 MEDIAN RENT : $1,056

Rent % Distribution
$500-699 0.0%
$700-899 7.8%
$900-999 24.5%
$1,000-1,499 57.5%
>=$1,500 10.2%
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 $1,215 would therefore be considered affordable for annual household incomes greater than $48,600 (12 months x 3.333 x $1,215).

Rent % Affordability
Above $500 85.1%
Above $700 73.6%
Above $1,100 55.1%
Above $1,500 42.2%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 326 of households in this neighborhood have a total annual income of $48,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,215 per month.

MINIMUM INCOME RANGE : $48,600

Income % Distribution
<$20K 14.9%
$20K-$35K 19.7%
$35K-$60K 23.2%
$60K-$100K 25.3%
>=$100K 16.9%
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.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 7.7%
10-14 mins 10.5%
15-19 mins 15.6%
20-29 mins 22.8%
30-44 mins 23.5%
45-59 mins 10.7%
>60 mins 8.1%
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%
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%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% 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%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??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%

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%

308 Benedict Ln 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 , LAWRENCE County , or the 16141 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Browse other real estate investments on Benedict Ln

  1. 308 Benedict Ln
  2. 356 Benedict Ln
  3. 364 Benedict Ln
  4. 364 Benedict Ln
  5. Benedict Ln

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Similar Investment Properties By List Price within 2 miles

  1. 364 Benedict Ln
  2. 567 State Route 168
  3. 525 State Route 168
  4. 684 State Route 168
  5. 699 State Route 168
  6. 700 State Route 168
  7. 168 Hamilton Ln
  8. 422 Cosgrove Rd
  9. 228 Beaver Dam Rd
  10. 206 Beaver Dam Rd
  11. 282 Beaver Dam Rd
  12. 768 State Route 168
  13. 807 State Route 168
  14. 630 Britton School Rd
  15. 580 Britton School Rd
  16. 843 State Route 168
  17. 383 Beaver Dam Rd
  18. 887 State Route 168
  19. 300 State Route 168
  20. 2145 Haggerty Rd

Nearest zipcodes within 2 miles

  1. 16120
  2. 16157
Resources
Contact
866-250-5610 866-250-5610
INVESTMENT PROPERTIES BY STATE
equal-house black-seal
2100 Main Street, Suite #420, Irvine CA 92614 | Nationwide Mortgage Licensing System #1189576

Copyright (c) 2021. HomeUnion - Mynd Investor Services. All Rights Reserved.