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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

40 Delaware Ave Damascus, PA 18415

4 Beds 1 Baths 1,843 sqft Built 1900
Last updated:  Dec 26, 2019

INVESTimate

$318,532

$296K - $341K

Price Est.

$1,620

$1.3K - $1.9K

Rent Est.

$351,436  ( +10.33%)   1 YR EST. FORECAST
  
  
  

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40 Delaware Ave PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $172.83
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,843 sqft
  • Baths : 1 Full

40 Delaware Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HONESDALE HIGH SCHOOL High Regular 969 66 8

HONESDALE HIGH SCHOOL

  • Education Level: High
  • # of students: 969
  • # of teachers: 66
8
GreatSchools Rating
 

Financial Details

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Neighborhood

DAMASCUS

  • 1,072

    POPULATION
  • 496

    HOUSEHOLDS
  • 50.9%

    WHITE COLLAR

Neighborhood : DAMASCUS

HOUSEHOLDS
496
POPULATION

1,072

24.8%Renters
75.2%Home Owners
LABOR FORCE

 

50.9%White Collar
49.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,620 per month.

MY RENT : $1,620 MEDIAN RENT : $1,475

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 4.5%
$1,000-1,499 47.3%
>=$1,500 48.2%
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 $1,620 would therefore be considered affordable for annual household incomes greater than $64,800 (12 months x 3.333 x $1,620).

Rent % Affordability
Above $500 86.5%
Above $700 81.1%
Above $1,100 66.1%
Above $1,500 47.3%
Above $1,900 36.3%
HOUSEHOLD INCOME RANGE

Approximately 132 of households in this neighborhood have a total annual income of $64,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,620 per month.

MINIMUM INCOME RANGE : $64,800

Income % Distribution
<$20K 13.5%
$20K-$35K 13.7%
$35K-$60K 25.5%
$60K-$100K 31.9%
>=$100K 15.4%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 1.1%
10-14 mins 20.7%
15-19 mins 7.2%
20-29 mins 13.5%
30-44 mins 33.2%
45-59 mins 3.9%
>60 mins 16.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,620 per month.

MY RENT : $1,620 MEDIAN RENT : $1,475

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 4.5%
$1,000-1,499 47.3%
>=$1,500 48.2%
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 $1,620 would therefore be considered affordable for annual household incomes greater than $64,800 (12 months x 3.333 x $1,620).

Rent % Affordability
Above $500 86.5%
Above $700 81.1%
Above $1,100 66.1%
Above $1,500 47.3%
Above $1,900 36.3%
HOUSEHOLD INCOME RANGE

Approximately 132 of households in this neighborhood have a total annual income of $64,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,620 per month.

MINIMUM INCOME RANGE : $64,800

Income % Distribution
<$20K 13.5%
$20K-$35K 13.7%
$35K-$60K 25.5%
$60K-$100K 31.9%
>=$100K 15.4%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 1.1%
10-14 mins 20.7%
15-19 mins 7.2%
20-29 mins 13.5%
30-44 mins 33.2%
45-59 mins 3.9%
>60 mins 16.2%

DAMASCUS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 16.8%
Construction 6.1%
Educational Services 8.6%
Health Care & Social Assistance 10.0%
Professional & Scientific Tech Services 11.5%
Retail & Wholesale Trader 13.1%
Other 33.9%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 22% is 24 or younger and 29% is 65 or older.

Age % Distribution
<15 13.9%
15-19 1.9%
20-24 6.7%
25-44 22.2%
45-65 26.3%
66+ 29.0%
OCCUPATION

Occupation % Distribution
Education 7.5%
Management, Business, & Financial 13.6%
Natural Resources Maintenance 19.7%
Production & Transportation 13.2%
Protect 5.4%
Sales & Office 27.5%
Other 13.2%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.0%
High School 38.6%
Masters Degree 9.4%
Some College 17.0%
Some High School 7.3%
Other 22.7%

40 Delaware Ave Comps

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40 Delaware Ave, Damascus, PA 18415 is a single family home of 1,843 sqft. HomeUnion INVESTimateĀ® for 40 Delaware Ave includes a Price Estimate of $318,532 and a Rent Estimate of $1,620. This single family home has 4 bedrooms,1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 6.10% and Total Return of 24.77%. The estimated 1 year forecast in home value for 40 Delaware Ave is 10.33%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , WAYNE County , or the 18415 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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