Financial Details52 Laurel Crest Rd PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $166.22
CONSTRUCTION
- Beds : 1
- Floor Size : 798 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
52 Laurel Crest Rd, Westfield, PA 16950 is a single family home of 798 sqft. HomeUnion estimate for 52 Laurel Crest Rd includes a Price Estimate of $132,641 and a Rent Estimate of $792. This single family home has 1 bedrooms, 1 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 7.17% and Total Return of 10.47%. The estimated 1 year forecast in home value for 52 Laurel Crest Rd is 1.63%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
52 Laurel Crest Rd SCHOOLS
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Financial Details
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WESTFIELD
Neighborhood : WESTFIELD
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $792 per month.
MY RENT : $792 MEDIAN RENT : $914
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 $792 would therefore be considered affordable for annual household incomes greater than $31,680 (12 months x 3.333 x $792).
HOUSEHOLD INCOME RANGE
Approximately 3,035 of households in this neighborhood have a total annual income of $31,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $792 per month.
MINIMUM INCOME RANGE : $31,680
COMMUTE TIME DISTRIBUTION
36% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.
WESTFIELD Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 6.4% |
| Educational Services | 7.0% |
| Health Care & Social Assistance | 15.7% |
| Manufacturing | 23.5% |
| Retail & Wholesale Trader | 9.3% |
| Transportation | 6.5% |
| Other | 31.6% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 24% is 24 or younger and 23% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.7% |
| 15-19 | 6.1% |
| 20-24 | 3.0% |
| 25-44 | 21.9% |
| 45-65 | 31.5% |
| 66+ | 22.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 5.3% |
| Healthcare | 6.6% |
| Management, Business, & Financial | 9.1% |
| Natural Resources Maintenance | 14.0% |
| Production & Transportation | 28.7% |
| Sales & Office | 17.6% |
| Other | 18.7% |
HIGHEST EDUCATION LEVEL
11% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 7.1% |
| High School | 51.7% |
| Masters Degree | 3.7% |
| Some College | 13.7% |
| Some High School | 17.0% |
| Other | 6.9% |
52 Laurel Crest Rd Comps
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