INVESTimate
$38,673
56 Hemlock PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $36.88
CONSTRUCTION
- Beds : 3
- Floor Size : 2,780 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
56 Hemlock, Sheppton, PA 18248 is a single family home of 2,780 sqft. HomeUnion estimate for 56 Hemlock includes a Price Estimate of $102,538 and a Rent Estimate of $1,158. This single family home has 3 bedrooms, 3 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 13.55% and Total Return of 16.09%. The estimated 1 year forecast in home value for 56 Hemlock is 1.73%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
56 Hemlock SCHOOLS
Financial Details
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SHEPPTON
Neighborhood : SHEPPTON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,158 per month.
MY RENT : $1,158 MEDIAN RENT : $774
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 $1,158 would therefore be considered affordable for annual household incomes greater than $46,320 (12 months x 3.333 x $1,158).
HOUSEHOLD INCOME RANGE
Approximately 1 of households in this neighborhood have a total annual income of $46,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,158 per month.
MINIMUM INCOME RANGE : $46,320
COMMUTE TIME DISTRIBUTION
43% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
SHEPPTON Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 14.3% |
Health Care & Social Assistance | 14.3% |
Manufacturing | 28.6% |
Real Estate | 0.0% |
Retail & Wholesale Trader | 28.6% |
Transportation | 0.0% |
Other | 14.3% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 24% is 24 or younger and 24% is 65 or older.
Age | % Distribution |
---|---|
<15 | 11.8% |
15-19 | 5.9% |
20-24 | 5.9% |
25-44 | 17.6% |
45-65 | 35.3% |
66+ | 23.5% |
OCCUPATION
Occupation | % Distribution |
---|---|
Management, Business, & Financial | 16.7% |
Natural Resources Maintenance | 16.7% |
Production & Transportation | 33.3% |
Protect | 0.0% |
Sales & Office | 33.3% |
Social | 0.0% |
Other | 0.0% |
HIGHEST EDUCATION LEVEL
9% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 9.1% |
High School | 54.5% |
Professional | 0.0% |
Some College | 18.2% |
Some High School | 9.1% |
Other | 9.1% |
56 Hemlock Comps
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