INVESTimate
$38,521
Financial Details691 State St PROPERTY INFO
FACTS
- Built In 1920
- Price/Sqft : $91.86
CONSTRUCTION
- Beds : 3
- Floor Size : 1,110 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
691 State St, Lemoyne, PA 17043 is a single family home of 1,110 sqft. HomeUnion estimate for 691 State St includes a Price Estimate of $101,967 and a Rent Estimate of $944. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 11.11% and Total Return of 20.66%. The estimated 1 year forecast in home value for 691 State St is 1.37%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
691 State St SCHOOLS
Financial Details
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Lemoyne
Neighborhood : Lemoyne
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 94% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $944 per month.
MY RENT : $944 MEDIAN RENT : $1,187
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 $944 would therefore be considered affordable for annual household incomes greater than $37,760 (12 months x 3.333 x $944).
HOUSEHOLD INCOME RANGE
Approximately 988 of households in this neighborhood have a total annual income of $37,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $944 per month.
MINIMUM INCOME RANGE : $37,760
COMMUTE TIME DISTRIBUTION
53% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
Lemoyne Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 13.2% |
| Educational Services | 8.9% |
| Financial Industries | 9.5% |
| Health Care & Social Assistance | 12.6% |
| Professional & Scientific Tech Services | 11.5% |
| Retail & Wholesale Trader | 10.9% |
| Other | 33.4% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 15% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 20.2% |
| 15-19 | 4.0% |
| 20-24 | 6.8% |
| 25-44 | 27.9% |
| 45-65 | 25.6% |
| 66+ | 15.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 7.4% |
| Healthcare | 5.1% |
| Management, Business, & Financial | 26.0% |
| Natural Resources Maintenance | 5.6% |
| Production & Transportation | 12.2% |
| Sales & Office | 26.5% |
| Other | 17.3% |
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 | 13.4% |
| High School | 28.5% |
| Masters Degree | 9.1% |
| Some College | 19.7% |
| Some High School | 6.1% |
| Other | 23.3% |
691 State St Comps
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