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This page contains information about each property aggregated from public data sources, 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.

4823 W Homespun Dr Fayetteville, AR 72704

0 Beds 2 Baths 1,838 sqft Built 2010
Last updated:  Jan 23, 2020

INVESTimate

$240,091

$225K - $255K

Price Est.

$1,440

$1.4K - $1.5K

Rent Est.

$250,295  ( +4.25%)   1 YR EST. FORECAST

4823 W Homespun Dr PROPERTY INFO

FACTS
  • Built In 2010
  • Price/Sqft : $130.63
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,838 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
4823 W Homespun Dr, Fayetteville, AR 72704 is a single family home of 1,838 sqft. HomeUnion estimate for 4823 W Homespun Dr includes a Price Estimate of $240,091 and a Rent Estimate of $1,440. This single family home has 0 bedrooms, 2 bathrooms, and was built in 2010. This property has an estimated 15 year annualized Yield of 7.20% and Total Return of 19.55%. The estimated 1 year forecast in home value for 4823 W Homespun Dr is 4.25%.
  
  
  

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4823 W Homespun Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
OWL CREEK SCHOOL Primary Regular 705 52 5
FAYETTEVILLE HIGH SCHOOL EAST High Regular 1,824 140 6

OWL CREEK SCHOOL

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 52
5
GreatSchools Rating

FAYETTEVILLE HIGH SCHOOL EAST

  • Education Level: High
  • # of students: 1,824
  • # of teachers: 140
6
GreatSchools Rating
 

Financial Details

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Neighborhood

FAYETTEVILLE

  • 24,319

    POPULATION
  • 9,669

    HOUSEHOLDS
  • 77.1%

    WHITE COLLAR

Neighborhood : FAYETTEVILLE

HOUSEHOLDS
9,669
POPULATION

24,319

41.8%Renters
58.2%Home Owners
LABOR FORCE

 

77.1%White Collar
22.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,440 per month.

MY RENT : $1,440 MEDIAN RENT : $1,384

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 2.4%
$900-999 2.8%
$1,000-1,499 56.1%
>=$1,500 38.7%
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 $1,440 would therefore be considered affordable for annual household incomes greater than $57,600 (12 months x 3.333 x $1,440).

Rent % Affordability
Above $500 87.8%
Above $700 78.6%
Above $1,100 65.2%
Above $1,500 50.2%
Above $1,900 39.4%
HOUSEHOLD INCOME RANGE

Approximately 4,944 of households in this neighborhood have a total annual income of $57,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,440 per month.

MINIMUM INCOME RANGE : $57,600

Income % Distribution
<$20K 12.2%
$20K-$35K 14.4%
$35K-$60K 23.2%
$60K-$100K 26.2%
>=$100K 24.0%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 6.7%
10-14 mins 17.9%
15-19 mins 24.7%
20-29 mins 20.7%
30-44 mins 21.5%
45-59 mins 4.6%
>60 mins 2.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,440 per month.

MY RENT : $1,440 MEDIAN RENT : $1,384

Rent % Distribution
$500-699 0.0%
$700-899 2.4%
$900-999 2.8%
$1,000-1,499 56.1%
>=$1,500 38.7%
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 $1,440 would therefore be considered affordable for annual household incomes greater than $57,600 (12 months x 3.333 x $1,440).

Rent % Affordability
Above $500 87.8%
Above $700 78.6%
Above $1,100 65.2%
Above $1,500 50.2%
Above $1,900 39.4%
HOUSEHOLD INCOME RANGE

Approximately 4,944 of households in this neighborhood have a total annual income of $57,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,440 per month.

MINIMUM INCOME RANGE : $57,600

Income % Distribution
<$20K 12.2%
$20K-$35K 14.4%
$35K-$60K 23.2%
$60K-$100K 26.2%
>=$100K 24.0%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 6.7%
10-14 mins 17.9%
15-19 mins 24.7%
20-29 mins 20.7%
30-44 mins 21.5%
45-59 mins 4.6%
>60 mins 2.2%

FAYETTEVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.6%
Educational Services 15.7%
Health Care & Social Assistance 15.4%
Manufacturing 9.8%
Professional & Scientific Tech Services 10.0%
Retail & Wholesale Trader 14.8%
Other 25.9%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 39% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 22.2%
15-19 5.9%
20-24 11.3%
25-44 31.6%
45-65 19.3%
66+ 9.7%
OCCUPATION

Occupation % Distribution
Construction 9.3%
Healthcare 9.4%
Management, Business, & Financial 21.2%
Natural Resources Maintenance 6.7%
Production & Transportation 7.8%
Sales & Office 24.8%
Other 20.8%
HIGHEST EDUCATION LEVEL

26% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 20.2%
Masters Degree 12.0%
Some College 21.6%
Some High School 5.2%
Other 34.9%

4823 W Homespun Dr Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AR , WASHINGTON County , or the 72704 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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