INVESTimate
$87,619
Financial Details680 Plank Rd PROPERTY INFO
FACTS
- Built In 1980
- Price/Sqft : $112.33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,557 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
680 Plank Rd, New Freedom, PA 17349 is a single family home of 2,557 sqft. HomeUnion estimate for 680 Plank Rd includes a Price Estimate of $287,240 and a Rent Estimate of $2,039. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 8.52% and Total Return of 14.78%. The estimated 1 year forecast in home value for 680 Plank Rd is 2.48%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
680 Plank Rd SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
NEW FREEDOM
Neighborhood : NEW FREEDOM
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,039 per month.
MY RENT : $2,039 MEDIAN RENT : $1,663
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 $2,039 would therefore be considered affordable for annual household incomes greater than $81,560 (12 months x 3.333 x $2,039).
HOUSEHOLD INCOME RANGE
Approximately 1,344 of households in this neighborhood have a total annual income of $81,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,039 per month.
MINIMUM INCOME RANGE : $81,560
COMMUTE TIME DISTRIBUTION
42% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.
NEW FREEDOM Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 10.6% |
| Health Care & Social Assistance | 14.3% |
| Manufacturing | 9.7% |
| Professional & Scientific Tech Services | 7.7% |
| Retail & Wholesale Trader | 13.8% |
| Transportation | 8.1% |
| Other | 35.7% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 19% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.4% |
| 15-19 | 7.0% |
| 20-24 | 4.3% |
| 25-44 | 19.0% |
| 45-65 | 31.1% |
| 66+ | 19.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 8.7% |
| Healthcare | 8.1% |
| Management, Business, & Financial | 22.6% |
| Natural Resources Maintenance | 13.5% |
| Production & Transportation | 9.4% |
| Sales & Office | 21.4% |
| Other | 16.4% |
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 | 8.0% |
| High School | 30.9% |
| Masters Degree | 8.3% |
| Some College | 15.9% |
| Some High School | 6.5% |
| Other | 30.4% |
680 Plank Rd Comps
Sorry, we do not have sufficient data available.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , YORK County , or the 17349 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
