INVESTimate
$95,288
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987 Plank Rd PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $119.09
CONSTRUCTION
- Beds : 4
- Floor Size : 2,655 sqft
- Baths : 3 Full 1 Half
987 Plank Rd SCHOOLS
Financial Details
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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 $2,251 per month.
MY RENT : $2,251 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 $2,251 would therefore be considered affordable for annual household incomes greater than $90,040 (12 months x 3.333 x $2,251).
HOUSEHOLD INCOME RANGE
Approximately 1,285 of households in this neighborhood have a total annual income of $90,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,251 per month.
MINIMUM INCOME RANGE : $90,040
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% |
987 Plank Rd Comps
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987 Plank Rd, New Freedom, PA 17349 is a single family home of 2,655 sqft. HomeUnion INVESTimateĀ® for 987 Plank Rd includes a Price Estimate of $316,183 and a Rent Estimate of $2,251. This single family home has 4 bedrooms,4 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 8.54% and Total Return of 14.95%. The estimated 1 year forecast in home value for 987 Plank Rd is 2.48%.
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
