INVESTimate
$55,415
50 Paradise Ln PROPERTY INFO
FACTS
- Built In 2009
- Price/Sqft : $106.23
CONSTRUCTION
- Beds : 0
- Floor Size : 1,560 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
50 Paradise Ln, Boons Camp, KY 41204 is a single family home of 1,560 sqft. HomeUnion estimate for 50 Paradise Ln includes a Price Estimate of $165,717 and a Rent Estimate of $711. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2009. This property has an estimated 15 year annualized Yield of 5.15% and Total Return of 12.44%. The estimated 1 year forecast in home value for 50 Paradise Ln is 2.65%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
50 Paradise Ln SCHOOLS
Financial Details
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BOONS CAMP
Neighborhood : BOONS CAMP
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 41% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $711 per month.
MY RENT : $711 MEDIAN RENT : $677
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 $711 would therefore be considered affordable for annual household incomes greater than $28,440 (12 months x 3.333 x $711).
HOUSEHOLD INCOME RANGE
Approximately 260 of households in this neighborhood have a total annual income of $28,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $711 per month.
MINIMUM INCOME RANGE : $28,440
COMMUTE TIME DISTRIBUTION
87% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.
BOONS CAMP Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 4.1% |
Educational Services | 27.7% |
Health Care & Social Assistance | 19.0% |
Information | 7.7% |
Public Administration | 23.6% |
Real Estate | 3.1% |
Other | 14.9% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 36% is 24 or younger and 8% is 65 or older.
Age | % Distribution |
---|---|
<15 | 20.8% |
15-19 | 2.3% |
20-24 | 12.8% |
25-44 | 21.5% |
45-65 | 34.2% |
66+ | 8.5% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 12.5% |
Education | 8.5% |
Legal | 6.8% |
Management, Business, & Financial | 6.8% |
Protect | 23.9% |
Sales & Office | 18.8% |
Other | 22.7% |
HIGHEST EDUCATION LEVEL
19% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 5.5% |
High School | 41.1% |
Masters Degree | 9.3% |
Some College | 17.8% |
Some High School | 18.1% |
Other | 8.2% |
50 Paradise Ln Comps
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