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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 Waterwheel Dr Brownstown, PA 17508

3 Beds 2 Baths 1,221 sqft Built 1996
Last updated:  Oct 23, 2019

INVESTimate

$220,175

$206K - $235K

Price Est.

$1,245

$1.1K - $1.3K

Rent Est.

$228,498  ( +3.78%)   1 YR EST. FORECAST
  
  
  

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42 Waterwheel Dr PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $180.32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,221 sqft
  • Baths : 1 Full 1 Half

42 Waterwheel Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CONESTOGA VALLEY MIDDLE SCHOOL Middle Regular 683 43 8
CONESTOGA VALLEY HIGH SCHOOL High Regular 1,378 82 9

CONESTOGA VALLEY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 683
  • # of teachers: 43
8
GreatSchools Rating

CONESTOGA VALLEY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,378
  • # of teachers: 82
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Brownstown

  • 2,498

    POPULATION
  • 904

    HOUSEHOLDS
  • 60.5%

    WHITE COLLAR

Neighborhood : Brownstown

HOUSEHOLDS
904
POPULATION

2,498

16.8%Renters
83.2%Home Owners
LABOR FORCE

 

60.5%White Collar
39.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,245 per month.

MY RENT : $1,245 MEDIAN RENT : $1,316

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 3.3%
$1,000-1,499 67.2%
>=$1,500 29.5%
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 $1,245 would therefore be considered affordable for annual household incomes greater than $49,800 (12 months x 3.333 x $1,245).

Rent % Affordability
Above $500 88.2%
Above $700 80.5%
Above $1,100 60.2%
Above $1,500 44.2%
Above $1,900 32.6%
HOUSEHOLD INCOME RANGE

Approximately 432 of households in this neighborhood have a total annual income of $49,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,245 per month.

MINIMUM INCOME RANGE : $49,800

Income % Distribution
<$20K 11.8%
$20K-$35K 21.9%
$35K-$60K 22.2%
$60K-$100K 27.1%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 37% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 9.4%
10-14 mins 26.6%
15-19 mins 22.0%
20-29 mins 26.5%
30-44 mins 10.9%
45-59 mins 0.7%
>60 mins 2.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,245 per month.

MY RENT : $1,245 MEDIAN RENT : $1,316

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 3.3%
$1,000-1,499 67.2%
>=$1,500 29.5%
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 $1,245 would therefore be considered affordable for annual household incomes greater than $49,800 (12 months x 3.333 x $1,245).

Rent % Affordability
Above $500 88.2%
Above $700 80.5%
Above $1,100 60.2%
Above $1,500 44.2%
Above $1,900 32.6%
HOUSEHOLD INCOME RANGE

Approximately 432 of households in this neighborhood have a total annual income of $49,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,245 per month.

MINIMUM INCOME RANGE : $49,800

Income % Distribution
<$20K 11.8%
$20K-$35K 21.9%
$35K-$60K 22.2%
$60K-$100K 27.1%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 37% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 9.4%
10-14 mins 26.6%
15-19 mins 22.0%
20-29 mins 26.5%
30-44 mins 10.9%
45-59 mins 0.7%
>60 mins 2.8%

Brownstown Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.4%
Educational Services 8.2%
Health Care & Social Assistance 6.1%
Manufacturing 23.7%
Retail & Wholesale Trader 20.1%
Transportation 7.1%
Other 28.5%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 19.0%
15-19 7.6%
20-24 4.6%
25-44 15.6%
45-65 35.8%
66+ 17.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.8%
Management, Business, & Financial 27.5%
Natural Resources Maintenance 7.7%
PCare 8.2%
Production & Transportation 22.1%
Sales & Office 21.0%
Other 8.9%
HIGHEST EDUCATION LEVEL

8% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.7%
High School 33.9%
Masters Degree 3.4%
Some College 14.6%
Some High School 25.0%
Other 19.2%

42 Waterwheel Dr Comps

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42 Waterwheel Dr, Brownstown, PA 17508 is a single family home of 1,221 sqft. HomeUnion INVESTimateĀ® for 42 Waterwheel Dr includes a Price Estimate of $220,175 and a Rent Estimate of $1,245. This single family home has 3 bedrooms,2 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 6.79% and Total Return of 14.08%. The estimated 1 year forecast in home value for 42 Waterwheel Dr is 3.78%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , LANCASTER County , or the 17508 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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