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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

42 Rickmar Ln Frazer, PA 19355

3 Beds 2 Baths 1,300 sqft Built 1983
Last updated:  Oct 23, 2019

INVESTimate

$241,665

$220K - $263K

Price Est.

$1,759

$1.6K - $1.9K

Rent Est.

$246,643  ( +2.06%)   1 YR EST. FORECAST
  
  
  

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42 Rickmar Ln PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $185.90
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,300 sqft
  • Baths : 2 Full

42 Rickmar Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
K.D. MARKLEY ELEMENTARY SCHOOL Primary Regular 573 34 10
GREAT VALLEY MIDDLE SCHOOL Middle Regular 969 72 9
GREAT VALLEY HIGH SCHOOL High Regular 1,250 91 9

K.D. MARKLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 34
10
GreatSchools Rating

GREAT VALLEY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 72
9
GreatSchools Rating

GREAT VALLEY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,250
  • # of teachers: 91
9
GreatSchools Rating
 

Financial Details

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Neighborhood

MALVERN

  • 25,379

    POPULATION
  • 9,534

    HOUSEHOLDS
  • 87.2%

    WHITE COLLAR

Neighborhood : MALVERN

HOUSEHOLDS
9,534
POPULATION

25,379

23.8%Renters
76.2%Home Owners
LABOR FORCE

 

87.2%White Collar
12.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,759 per month.

MY RENT : $1,759 MEDIAN RENT : $2,665

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.5%
>=$1,500 97.5%
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 $1,759 would therefore be considered affordable for annual household incomes greater than $70,360 (12 months x 3.333 x $1,759).

Rent % Affordability
Above $500 94.2%
Above $700 89.9%
Above $1,100 83.4%
Above $1,500 75.4%
Above $1,900 67.2%
HOUSEHOLD INCOME RANGE

Approximately 5,906 of households in this neighborhood have a total annual income of $70,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,759 per month.

MINIMUM INCOME RANGE : $70,360

Income % Distribution
<$20K 5.8%
$20K-$35K 6.4%
$35K-$60K 12.5%
$60K-$100K 19.1%
>=$100K 56.3%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 9.2%
10-14 mins 15.9%
15-19 mins 18.6%
20-29 mins 19.4%
30-44 mins 16.7%
45-59 mins 7.3%
>60 mins 8.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,759 per month.

MY RENT : $1,759 MEDIAN RENT : $2,665

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.5%
>=$1,500 97.5%
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 $1,759 would therefore be considered affordable for annual household incomes greater than $70,360 (12 months x 3.333 x $1,759).

Rent % Affordability
Above $500 94.2%
Above $700 89.9%
Above $1,100 83.4%
Above $1,500 75.4%
Above $1,900 67.2%
HOUSEHOLD INCOME RANGE

Approximately 5,906 of households in this neighborhood have a total annual income of $70,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,759 per month.

MINIMUM INCOME RANGE : $70,360

Income % Distribution
<$20K 5.8%
$20K-$35K 6.4%
$35K-$60K 12.5%
$60K-$100K 19.1%
>=$100K 56.3%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 9.2%
10-14 mins 15.9%
15-19 mins 18.6%
20-29 mins 19.4%
30-44 mins 16.7%
45-59 mins 7.3%
>60 mins 8.9%

MALVERN Demographics

INDUSTRY

Industry % Distribution
Educational Services 10.2%
Financial Industries 12.0%
Health Care & Social Assistance 11.5%
Manufacturing 9.1%
Professional & Scientific Tech Services 16.7%
Retail & Wholesale Trader 13.4%
Other 26.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 30% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 18.2%
15-19 7.7%
20-24 4.4%
25-44 20.9%
45-65 32.3%
66+ 16.5%
OCCUPATION

Occupation % Distribution
Computer Engineering 13.4%
Construction 5.8%
Healthcare 5.7%
Legal 4.2%
Management, Business, & Financial 34.0%
Sales & Office 21.1%
Other 15.9%
HIGHEST EDUCATION LEVEL

36% 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 12.6%
Masters Degree 21.6%
Professional 5.3%
Some College 12.3%
Other 43.2%

42 Rickmar Ln Comps

Sorry, we do not have sufficient data available.

42 Rickmar Ln, Frazer, PA 19355 is a single family home of 1,300 sqft. HomeUnion INVESTimateĀ® for 42 Rickmar Ln includes a Price Estimate of $241,665 and a Rent Estimate of $1,759. This single family home has 3 bedrooms,2 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 8.73% and Total Return of 14.73%. The estimated 1 year forecast in home value for 42 Rickmar Ln is 2.06%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , CHESTER County , or the 19355 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 19312
  2. 19341
  3. 19333
  4. 19380
  5. 19382
  6. 19342