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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

420 Washington Ave Elwyn, PA 19063

3 Beds 1 Baths 1,320 sqft Built 1940
Last updated:  Jan 23, 2020

INVESTimate

$281,399

$259K - $304K

Price Est.

$1,663

$1.6K - $1.8K

Rent Est.

$288,828  ( +2.64%)   1 YR EST. FORECAST
  
  
  

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420 Washington Ave PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $213.18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 1 Full

420 Washington Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WALLINGFORD ELEMENTARY SCHOOL Primary Regular 404 34 NA
STRATH HAVEN MIDDLE SCHOOL Middle Regular 804 67 NA
STRATH HAVEN HIGH SCHOOL High Regular 1,212 92 9

WALLINGFORD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 404
  • # of teachers: 34
-1
GreatSchools Rating

STRATH HAVEN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 804
  • # of teachers: 67
-1
GreatSchools Rating

STRATH HAVEN HIGH SCHOOL

  • Education Level: High
  • # of students: 1,212
  • # of teachers: 92
9
GreatSchools Rating
 

Financial Details

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Neighborhood

MEDIA

  • 35,485

    POPULATION
  • 14,340

    HOUSEHOLDS
  • 81.6%

    WHITE COLLAR

Neighborhood : MEDIA

HOUSEHOLDS
14,340
POPULATION

35,485

28.1%Renters
71.9%Home Owners
LABOR FORCE

 

81.6%White Collar
18.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 90% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,663 per month.

MY RENT : $1,663 MEDIAN RENT : $2,373

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.6%
$1,000-1,499 9.2%
>=$1,500 90.2%
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 $1,663 would therefore be considered affordable for annual household incomes greater than $66,520 (12 months x 3.333 x $1,663).

Rent % Affordability
Above $500 92.8%
Above $700 86.7%
Above $1,100 77.5%
Above $1,500 68.8%
Above $1,900 60.2%
HOUSEHOLD INCOME RANGE

Approximately 7,830 of households in this neighborhood have a total annual income of $66,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,663 per month.

MINIMUM INCOME RANGE : $66,520

Income % Distribution
<$20K 7.2%
$20K-$35K 10.6%
$35K-$60K 13.4%
$60K-$100K 21.3%
>=$100K 47.5%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 8.0%
10-14 mins 12.0%
15-19 mins 11.0%
20-29 mins 16.4%
30-44 mins 27.5%
45-59 mins 13.7%
>60 mins 8.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 90% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,663 per month.

MY RENT : $1,663 MEDIAN RENT : $2,373

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.6%
$1,000-1,499 9.2%
>=$1,500 90.2%
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 $1,663 would therefore be considered affordable for annual household incomes greater than $66,520 (12 months x 3.333 x $1,663).

Rent % Affordability
Above $500 92.8%
Above $700 86.7%
Above $1,100 77.5%
Above $1,500 68.8%
Above $1,900 60.2%
HOUSEHOLD INCOME RANGE

Approximately 7,830 of households in this neighborhood have a total annual income of $66,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,663 per month.

MINIMUM INCOME RANGE : $66,520

Income % Distribution
<$20K 7.2%
$20K-$35K 10.6%
$35K-$60K 13.4%
$60K-$100K 21.3%
>=$100K 47.5%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 8.0%
10-14 mins 12.0%
15-19 mins 11.0%
20-29 mins 16.4%
30-44 mins 27.5%
45-59 mins 13.7%
>60 mins 8.1%

MEDIA Demographics

INDUSTRY

Industry % Distribution
Educational Services 13.9%
Financial Industries 7.7%
Health Care & Social Assistance 16.0%
Manufacturing 7.5%
Professional & Scientific Tech Services 12.9%
Retail & Wholesale Trader 9.5%
Other 32.4%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 26% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 15.7%
15-19 5.5%
20-24 5.2%
25-44 22.5%
45-65 30.2%
66+ 20.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.9%
Construction 6.8%
Healthcare 10.7%
Management, Business, & Financial 29.6%
Natural Resources Maintenance 5.7%
Sales & Office 18.7%
Other 17.5%
HIGHEST EDUCATION LEVEL

33% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.9%
High School 20.4%
Masters Degree 17.1%
Professional 5.2%
Some College 15.1%
Other 35.3%

420 Washington Ave Comps

Sorry, we do not have sufficient data available.

420 Washington Ave, Elwyn, PA 19063 is a single family home of 1,320 sqft. HomeUnion INVESTimateĀ® for 420 Washington Ave includes a Price Estimate of $281,399 and a Rent Estimate of $1,663. This single family home has 3 bedrooms,1 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 7.09% and Total Return of 13.16%. The estimated 1 year forecast in home value for 420 Washington Ave is 2.64%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , DELAWARE County , or the 19063 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2