INVESTimate
$73,414
Financial Details5618 Broad St PROPERTY INFO
FACTS
- Built In 1972
- Price/Sqft : $152.71
CONSTRUCTION
- Beds : 3
- Floor Size : 1,530 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
5618 Broad St, South Park, PA 15129 is a single family home of 1,530 sqft. HomeUnion estimate for 5618 Broad St includes a Price Estimate of $233,639 and a Rent Estimate of $1,449. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 7.44% and Total Return of 11.92%. The estimated 1 year forecast in home value for 5618 Broad St is 3.96%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
5618 Broad St SCHOOLS
Financial Details
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South Park Township
Neighborhood : South Park Township
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 40% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,449 per month.
MY RENT : $1,449 MEDIAN RENT : $1,362
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 $1,449 would therefore be considered affordable for annual household incomes greater than $57,960 (12 months x 3.333 x $1,449).
HOUSEHOLD INCOME RANGE
Approximately 2,815 of households in this neighborhood have a total annual income of $57,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,449 per month.
MINIMUM INCOME RANGE : $57,960
COMMUTE TIME DISTRIBUTION
53% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.
South Park Township Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 7.9% |
| Educational Services | 9.0% |
| Financial Industries | 7.9% |
| Health Care & Social Assistance | 17.3% |
| Professional & Scientific Tech Services | 8.9% |
| Retail & Wholesale Trader | 14.9% |
| Other | 34.0% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 28% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 17.1% |
| 15-19 | 6.5% |
| 20-24 | 4.3% |
| 25-44 | 23.8% |
| 45-65 | 32.3% |
| 66+ | 16.1% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 9.4% |
| Healthcare | 10.9% |
| Management, Business, & Financial | 22.2% |
| Natural Resources Maintenance | 5.9% |
| Production & Transportation | 7.9% |
| Sales & Office | 24.0% |
| Other | 19.7% |
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 | 14.9% |
| High School | 28.8% |
| Masters Degree | 9.4% |
| Some College | 17.2% |
| Some High School | 3.5% |
| Other | 26.2% |
5618 Broad St Comps
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