Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

554 Evergreen Dr Lakeville, PA 18438

5 Beds 3 Baths 2,152 sqft Built 1978
Last updated:  Dec 26, 2019

INVESTimate

$472,061

$439K - $505K

Price Est.

$2,303

$1.9K - $2.7K

Rent Est.

$499,346  ( +5.78%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

554 Evergreen Dr PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $219.36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,152 sqft
  • Baths : 2 Full 1 Half

554 Evergreen Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WALLENPAUPACK AREA HIGH SCHOOL High Regular 1,266 74 7

WALLENPAUPACK AREA HIGH SCHOOL

  • Education Level: High
  • # of students: 1,266
  • # of teachers: 74
7
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

LAKEVILLE

  • 1,292

    POPULATION
  • 578

    HOUSEHOLDS
  • 60.0%

    WHITE COLLAR

Neighborhood : LAKEVILLE

HOUSEHOLDS
578
POPULATION

1,292

9.1%Renters
90.9%Home Owners
LABOR FORCE

 

60.0%White Collar
40.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 52% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,303 per month.

MY RENT : $2,303 MEDIAN RENT : $1,526

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 2.5%
$900-999 4.9%
$1,000-1,499 40.9%
>=$1,500 51.7%
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 $2,303 would therefore be considered affordable for annual household incomes greater than $92,120 (12 months x 3.333 x $2,303).

Rent % Affordability
Above $500 87.5%
Above $700 80.1%
Above $1,100 67.7%
Above $1,500 51.4%
Above $1,900 35.1%
HOUSEHOLD INCOME RANGE

Approximately 138 of households in this neighborhood have a total annual income of $92,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,303 per month.

MINIMUM INCOME RANGE : $92,120

Income % Distribution
<$20K 12.5%
$20K-$35K 11.2%
$35K-$60K 24.9%
$60K-$100K 29.9%
>=$100K 21.5%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 7.8%
10-14 mins 7.6%
15-19 mins 10.9%
20-29 mins 10.9%
30-44 mins 23.1%
45-59 mins 7.1%
>60 mins 27.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 52% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,303 per month.

MY RENT : $2,303 MEDIAN RENT : $1,526

Rent % Distribution
$500-699 0.0%
$700-899 2.5%
$900-999 4.9%
$1,000-1,499 40.9%
>=$1,500 51.7%
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 $2,303 would therefore be considered affordable for annual household incomes greater than $92,120 (12 months x 3.333 x $2,303).

Rent % Affordability
Above $500 87.5%
Above $700 80.1%
Above $1,100 67.7%
Above $1,500 51.4%
Above $1,900 35.1%
HOUSEHOLD INCOME RANGE

Approximately 138 of households in this neighborhood have a total annual income of $92,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,303 per month.

MINIMUM INCOME RANGE : $92,120

Income % Distribution
<$20K 12.5%
$20K-$35K 11.2%
$35K-$60K 24.9%
$60K-$100K 29.9%
>=$100K 21.5%
COMMUTE TIME DISTRIBUTION

45% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 7.8%
10-14 mins 7.6%
15-19 mins 10.9%
20-29 mins 10.9%
30-44 mins 23.1%
45-59 mins 7.1%
>60 mins 27.9%

LAKEVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 16.7%
Construction 12.6%
Educational Services 7.3%
Health Care & Social Assistance 16.1%
Professional & Scientific Tech Services 7.3%
Retail & Wholesale Trader 11.6%
Other 28.5%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 23% is 24 or younger and 29% is 65 or older.

Age % Distribution
<15 12.9%
15-19 4.3%
20-24 5.5%
25-44 16.2%
45-65 32.0%
66+ 29.0%
OCCUPATION

Occupation % Distribution
Construction 6.1%
Healthcare 11.7%
Management, Business, & Financial 12.5%
Natural Resources Maintenance 17.8%
Production & Transportation 9.7%
Sales & Office 25.1%
Other 17.0%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.1%
High School 38.1%
Masters Degree 7.6%
Some College 24.0%
Some High School 6.4%
Other 15.7%

554 Evergreen Dr Comps

Sorry, we do not have sufficient data available.

554 Evergreen Dr, Lakeville, PA 18438 is a single family home of 2,152 sqft. HomeUnion INVESTimateĀ® for 554 Evergreen Dr includes a Price Estimate of $472,061 and a Rent Estimate of $2,303. This single family home has 5 bedrooms,3 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 5.85% and Total Return of 13.81%. The estimated 1 year forecast in home value for 554 Evergreen Dr is 5.78%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , WAYNE County , or the 18438 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available