1. < Ridge Rd

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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

405 Ridge Rd Cowansville, PA 16218

4 Beds 3 Baths 2,818 sqft Built 2004
Last updated:  Jan 23, 2020

INVESTimate

$186,115

$170K - $202K

Price Est.

$1,523

$1.3K - $1.8K

Rent Est.

$60,820

Investment Est.

$190,061  ( +2.12%)   1 YR EST. FORECAST

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405 Ridge Rd PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $66.05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,818 sqft
  • Baths : 2 Full 1 Half

405 Ridge Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WEST HILLS INTERMEDIATE SCHOOL Primary Regular 504 32 NA
WEST HILLS INTERMEDIATE SCHOOL Middle Regular 504 32 NA

WEST HILLS INTERMEDIATE SCHOOL

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 32
-1
GreatSchools Rating

WEST HILLS INTERMEDIATE SCHOOL

  • Education Level: Middle
  • # of students: 504
  • # of teachers: 32
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

COWANSVILLE

  • 1,034

    POPULATION

  • 372

    HOUSEHOLDS

  • 34.1%

    WHITE COLLAR

Neighborhood : COWANSVILLE

HOUSEHOLDS
372
POPULATION

1,034

12.2%Renters
87.8%Home Owners
LABOR FORCE

 

34.1%White Collar
65.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 4% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,523 per month.

MY RENT : $1,523 MEDIAN RENT : $963

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 34.2%
$900-999 28.2%
$1,000-1,499 33.3%
>=$1,500 4.2%
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 $1,523 would therefore be considered affordable for annual household incomes greater than $60,920 (12 months x 3.333 x $1,523).

Rent % Affordability
Above $500 87.1%
Above $700 76.2%
Above $1,100 54.1%
Above $1,500 40.3%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 98 of households in this neighborhood have a total annual income of $60,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,523 per month.

MINIMUM INCOME RANGE : $60,920

Income % Distribution
<$20K 12.9%
$20K-$35K 19.4%
$35K-$60K 27.4%
$60K-$100K 23.1%
>=$100K 17.2%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 6.6%
10-14 mins 8.3%
15-19 mins 13.5%
20-29 mins 20.2%
30-44 mins 20.2%
45-59 mins 15.5%
>60 mins 13.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 4% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,523 per month.

MY RENT : $1,523 MEDIAN RENT : $963

Rent % Distribution
$500-699 0.0%
$700-899 34.2%
$900-999 28.2%
$1,000-1,499 33.3%
>=$1,500 4.2%
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 $1,523 would therefore be considered affordable for annual household incomes greater than $60,920 (12 months x 3.333 x $1,523).

Rent % Affordability
Above $500 87.1%
Above $700 76.2%
Above $1,100 54.1%
Above $1,500 40.3%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 98 of households in this neighborhood have a total annual income of $60,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,523 per month.

MINIMUM INCOME RANGE : $60,920

Income % Distribution
<$20K 12.9%
$20K-$35K 19.4%
$35K-$60K 27.4%
$60K-$100K 23.1%
>=$100K 17.2%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 6.6%
10-14 mins 8.3%
15-19 mins 13.5%
20-29 mins 20.2%
30-44 mins 20.2%
45-59 mins 15.5%
>60 mins 13.8%
COWANSVILLE Demographics
INDUSTRY

           

Industry % Distribution
Construction 12.0%
Educational Services 9.7%
Health Care & Social Assistance 17.6%
Manufacturing 14.8%
Retail & Wholesale Trader 10.2%
Transportation 9.4%
Other 26.5%
OCCUPATION

           

Occupation % Distribution
Clean 4.9%
Healthcare 15.2%
Management, Business, & Financial 4.6%
Natural Resources Maintenance 22.4%
Production & Transportation 27.4%
Sales & Office 13.7%
Other 11.8%
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 13.2%
15-19 5.1%
20-24 6.7%
25-44 21.1%
45-65 29.4%
66+ 24.5%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 8.1%
High School 51.0%
Masters Degree 1.6%
Some College 13.5%
Some High School 15.4%
Other 10.4%

COWANSVILLE Demographics

INDUSTRY

Industry % Distribution
Construction 12.0%
Educational Services 9.7%
Health Care & Social Assistance 17.6%
Manufacturing 14.8%
Retail & Wholesale Trader 10.2%
Transportation 9.4%
Other 26.5%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 25% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 13.2%
15-19 5.1%
20-24 6.7%
25-44 21.1%
45-65 29.4%
66+ 24.5%
OCCUPATION

Occupation % Distribution
Clean 4.9%
Healthcare 15.2%
Management, Business, & Financial 4.6%
Natural Resources Maintenance 22.4%
Production & Transportation 27.4%
Sales & Office 13.7%
Other 11.8%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.1%
High School 51.0%
Masters Degree 1.6%
Some College 13.5%
Some High School 15.4%
Other 10.4%

405 Ridge Rd Comps

Sorry, we do not have sufficient data available.

405 Ridge Rd, Cowansville, PA 16218 is a single family home of 2,818 sqft. HomeUnion INVESTimateĀ® for 405 Ridge Rd includes a Price Estimate of $186,115 and a Rent Estimate of $1,523. This single family home has 4 bedrooms,3 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 9.82% and Total Return of 9.75%. The estimated 1 year forecast in home value for 405 Ridge Rd is 2.12%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , ARMSTRONG County , or the 16218 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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