INVESTimate
$90,188
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7136 Penn Ave PROPERTY INFO
FACTS
- Built In 1960
- Price/Sqft : $186.75
CONSTRUCTION
- Beds : 3
- Floor Size : 1,590 sqft
- Baths : 3 Full
7136 Penn Ave SCHOOLS
Financial Details
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Point Breeze
Neighborhood : Point Breeze
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,992 per month.
MY RENT : $1,992 MEDIAN RENT : $2,188
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 $1,992 would therefore be considered affordable for annual household incomes greater than $79,680 (12 months x 3.333 x $1,992).
HOUSEHOLD INCOME RANGE
Approximately 1,187 of households in this neighborhood have a total annual income of $79,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,992 per month.
MINIMUM INCOME RANGE : $79,680
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.
Point Breeze Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 6.3% |
| Educational Services | 27.5% |
| Financial Industries | 5.0% |
| Health Care & Social Assistance | 18.2% |
| Professional & Scientific Tech Services | 12.5% |
| Retail & Wholesale Trader | 8.1% |
| Other | 22.4% |
AGE DISTRIBUTION
60% of the population is between the ages of 25 and 64, 24% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.8% |
| 15-19 | 5.2% |
| 20-24 | 3.0% |
| 25-44 | 31.5% |
| 45-65 | 28.3% |
| 66+ | 16.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 11.0% |
| Construction | 19.5% |
| Healthcare | 10.5% |
| Legal | 4.3% |
| Management, Business, & Financial | 26.8% |
| Sales & Office | 14.7% |
| Other | 13.3% |
HIGHEST EDUCATION LEVEL
54% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Doctorate | 13.8% |
| High School | 8.4% |
| Masters Degree | 24.6% |
| Professional | 12.4% |
| Some College | 8.0% |
| Other | 32.9% |
7136 Penn Ave Comps
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7136 Penn Ave, Pittsburgh, PA 15208 is a single family home of 1,590 sqft. HomeUnion INVESTimateĀ® for 7136 Penn Ave includes a Price Estimate of $296,936 and a Rent Estimate of $1,992. This single family home has 3 bedrooms,3 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 8.05% and Total Return of 24.39%. The estimated 1 year forecast in home value for 7136 Penn Ave is 7.28%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , ALLEGHENY County , or the 15208 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
