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

609 Walnut Ave Pen Argyl, PA 18072

3 Beds 2 Baths 1,281 sqft Built 1942
Last updated:  Dec 26, 2019

INVESTimate

$77,704

$75.3K - $80.1K

Price Est.

$1,337

$1.2K - $1.4K

Rent Est.

$80,921  ( +4.14%)   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
  • 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
  • 3349 JAPONICA RD N JACKSONVILLE, FL
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    AVAILABLE
    • 14.68% GROSS YIELD
    • $6,334 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $85,000
    • $28,275
    • $1,040
  • 533 NARROW BROOK DRIVE Indianapolis, IN
    • 4 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 ∙ 1units 4 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 ∙ 1units
    AVAILABLE
    • 13.93% GROSS YIELD
    • $8,115 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $102,500
    • $32,912
    • $1,190

609 Walnut Ave PROPERTY INFO

FACTS
  • Built In 1942
  • Price/Sqft : $60.66
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,281 sqft
  • Baths : 1 Full 1 Half

609 Walnut Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EASTON AREA MIDDLE SCHOOL 5-6 Primary Regular 1,343 103 NA
EASTON AREA MIDDLE SCHOOL 5-6 Middle Regular 1,343 103 NA
EASTON AREA HIGH SCHOOL High Regular 2,693 188 4

EASTON AREA MIDDLE SCHOOL 5-6

  • Education Level: Primary
  • # of students: 1,343
  • # of teachers: 103
-1
GreatSchools Rating

EASTON AREA MIDDLE SCHOOL 5-6

  • Education Level: Middle
  • # of students: 1,343
  • # of teachers: 103
-1
GreatSchools Rating

EASTON AREA HIGH SCHOOL

  • Education Level: High
  • # of students: 2,693
  • # of teachers: 188
4
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

West Ward

  • 10,106

    POPULATION
  • 3,584

    HOUSEHOLDS
  • 40.7%

    WHITE COLLAR

Neighborhood : West Ward

HOUSEHOLDS
3,584
POPULATION

10,106

62.7%Renters
37.3%Home Owners
LABOR FORCE

 

40.7%White Collar
59.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,337 per month.

MY RENT : $1,337 MEDIAN RENT : $1,135

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 3.8%
$900-999 10.9%
$1,000-1,499 77.9%
>=$1,500 7.4%
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 $1,337 would therefore be considered affordable for annual household incomes greater than $53,480 (12 months x 3.333 x $1,337).

Rent % Affordability
Above $500 68.3%
Above $700 53.9%
Above $1,100 32.7%
Above $1,500 17.9%
Above $1,900 9.8%
HOUSEHOLD INCOME RANGE

Approximately 745 of households in this neighborhood have a total annual income of $53,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,337 per month.

MINIMUM INCOME RANGE : $53,480

Income % Distribution
<$20K 31.7%
$20K-$35K 24.2%
$35K-$60K 26.1%
$60K-$100K 14.2%
>=$100K 3.8%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 11.1%
10-14 mins 15.3%
15-19 mins 13.7%
20-29 mins 23.8%
30-44 mins 21.3%
45-59 mins 8.0%
>60 mins 5.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,337 per month.

MY RENT : $1,337 MEDIAN RENT : $1,135

Rent % Distribution
$500-699 0.0%
$700-899 3.8%
$900-999 10.9%
$1,000-1,499 77.9%
>=$1,500 7.4%
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 $1,337 would therefore be considered affordable for annual household incomes greater than $53,480 (12 months x 3.333 x $1,337).

Rent % Affordability
Above $500 68.3%
Above $700 53.9%
Above $1,100 32.7%
Above $1,500 17.9%
Above $1,900 9.8%
HOUSEHOLD INCOME RANGE

Approximately 745 of households in this neighborhood have a total annual income of $53,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,337 per month.

MINIMUM INCOME RANGE : $53,480

Income % Distribution
<$20K 31.7%
$20K-$35K 24.2%
$35K-$60K 26.1%
$60K-$100K 14.2%
>=$100K 3.8%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 11.1%
10-14 mins 15.3%
15-19 mins 13.7%
20-29 mins 23.8%
30-44 mins 21.3%
45-59 mins 8.0%
>60 mins 5.9%

West Ward Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 13.9%
Construction 6.7%
Educational Services 4.9%
Health Care & Social Assistance 12.5%
Manufacturing 18.5%
Retail & Wholesale Trader 18.6%
Other 25.0%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 35% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 20.8%
15-19 6.4%
20-24 8.2%
25-44 32.0%
45-65 23.0%
66+ 9.7%
OCCUPATION

Occupation % Distribution
Clean 6.9%
Education 9.6%
Management, Business, & Financial 7.9%
Natural Resources Maintenance 7.8%
Production & Transportation 21.9%
Sales & Office 27.3%
Other 18.6%
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 7.3%
High School 39.3%
Masters Degree 2.1%
Some College 19.6%
Some High School 23.9%
Other 7.7%

609 Walnut Ave Comps

Sorry, we do not have sufficient data available.

609 Walnut Ave, Pen Argyl, PA 18072 is a single family home of 1,281 sqft. HomeUnion INVESTimateĀ® for 609 Walnut Ave includes a Price Estimate of $77,704 and a Rent Estimate of $1,337. This single family home has 3 bedrooms,2 bathrooms, and was built in 1942. This property has an estimated 15 year annualized Yield of 20.65% and Total Return of 26.60%. The estimated 1 year forecast in home value for 609 Walnut Ave is 4.14%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , NORTHAMPTON County , or the 18072 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Similar Investment Properties By List Price within 2 miles

No Properties available

Nearest zipcodes within 2 miles

  1. 18042
  2. 18064
  3. 18017
  4. 18015
  5. 18040
  6. 18032
  7. 18045