INVESTimate
$68,080
507 Bridgeview Dr PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $44.35
CONSTRUCTION
- Beds : 3
- Floor Size : 4,814 sqft
- Baths : 3 Full 2 Half
PROPERTY DESCRIPTION
507 Bridgeview Dr, Lemoyne, PA 17043 is a single family home of 4,814 sqft. HomeUnion estimate for 507 Bridgeview Dr includes a Price Estimate of $213,509 and a Rent Estimate of $2,678. This single family home has 3 bedrooms, 5 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 15.05% and Total Return of 28.46%. The estimated 1 year forecast in home value for 507 Bridgeview Dr is 1.37%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
507 Bridgeview Dr SCHOOLS
Financial Details
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Lemoyne
Neighborhood : Lemoyne
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,678 per month.
MY RENT : $2,678 MEDIAN RENT : $1,187
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 $2,678 would therefore be considered affordable for annual household incomes greater than $107,120 (12 months x 3.333 x $2,678).
HOUSEHOLD INCOME RANGE
Approximately 274 of households in this neighborhood have a total annual income of $107,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,678 per month.
MINIMUM INCOME RANGE : $107,120
COMMUTE TIME DISTRIBUTION
53% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
Lemoyne Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 13.2% |
Educational Services | 8.9% |
Financial Industries | 9.5% |
Health Care & Social Assistance | 12.6% |
Professional & Scientific Tech Services | 11.5% |
Retail & Wholesale Trader | 10.9% |
Other | 33.4% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 15% is 65 or older.
Age | % Distribution |
---|---|
<15 | 20.2% |
15-19 | 4.0% |
20-24 | 6.8% |
25-44 | 27.9% |
45-65 | 25.6% |
66+ | 15.5% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 7.4% |
Healthcare | 5.1% |
Management, Business, & Financial | 26.0% |
Natural Resources Maintenance | 5.6% |
Production & Transportation | 12.2% |
Sales & Office | 26.5% |
Other | 17.3% |
HIGHEST EDUCATION LEVEL
27% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 13.4% |
High School | 28.5% |
Masters Degree | 9.1% |
Some College | 19.7% |
Some High School | 6.1% |
Other | 23.3% |
507 Bridgeview Dr Comps
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