INVESTimate
$94,405
614 Penn St PROPERTY INFO
FACTS
- Built In 1930
- Price/Sqft : $130.41
CONSTRUCTION
- Beds : 2
- Floor Size : 2,399 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
614 Penn St, Sharpsburg, PA 15215 is a single family home of 2,399 sqft. HomeUnion estimate for 614 Penn St includes a Price Estimate of $312,848 and a Rent Estimate of $1,619. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 6.21% and Total Return of 17.95%. The estimated 1 year forecast in home value for 614 Penn St is 6.13%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
614 Penn St SCHOOLS
Financial Details
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Sharpsburg
Neighborhood : Sharpsburg
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 $1,619 per month.
MY RENT : $1,619 MEDIAN RENT : $1,201
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 $1,619 would therefore be considered affordable for annual household incomes greater than $64,760 (12 months x 3.333 x $1,619).
HOUSEHOLD INCOME RANGE
Approximately 223 of households in this neighborhood have a total annual income of $64,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,619 per month.
MINIMUM INCOME RANGE : $64,760
COMMUTE TIME DISTRIBUTION
62% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
Sharpsburg Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 8.2% |
Construction | 5.6% |
Financial Industries | 7.8% |
Health Care & Social Assistance | 19.7% |
Manufacturing | 12.4% |
Retail & Wholesale Trader | 22.1% |
Other | 24.2% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 28% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 14.5% |
15-19 | 5.7% |
20-24 | 7.6% |
25-44 | 24.9% |
45-65 | 30.7% |
66+ | 16.6% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 11.0% |
Management, Business, & Financial | 21.9% |
Natural Resources Maintenance | 8.0% |
PCare | 4.1% |
Production & Transportation | 18.0% |
Sales & Office | 25.3% |
Other | 11.6% |
HIGHEST EDUCATION LEVEL
16% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 12.1% |
High School | 41.4% |
Masters Degree | 2.4% |
Some College | 15.9% |
Some High School | 13.4% |
Other | 14.7% |
614 Penn St Comps
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