Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

...MORE

This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

Banner Btm Banner, KY 41603

3 Beds 2 Baths 2,798 sqft Built 1963
Last updated:  Dec 26, 2019

INVESTimate

$216,793

$200K - $233K

Price Est.

$1,176

$1.0K - $1.3K

Rent Est.

$225,616  ( +4.07%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 1927 MACONDRAY DRIVE Humble, TX
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2009 ∙ 1units 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2009 ∙ 1units
    AVAILABLE
    • 19.65% GROSS YIELD
    • $7,394 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $95,900
    • $31,164
    • $1,570
  • 27440 N ALMA SCHOOL PARKWAY #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 2801 Snapfinger MANOR Decatur, GA
    • 4 beds 3 baths ∙ 1,368 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,368 Sqft ∙ Built 2003
    AVAILABLE
    • 14.03% GROSS YIELD
    • $8,209 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $124,000
    • $38,610
    • $1,450
  • 1810 Ashborough Rd Apt E Marietta, GA
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1973
    AVAILABLE
    • 13.55% GROSS YIELD
    • $5,993 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $124,000
    • $38,610
    • $1,400

Banner Btm PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $77.48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,798 sqft
  • Baths : 2 Full

Banner Btm SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PRESTONSBURG HIGH SCHOOL High Regular 589 31 NA

PRESTONSBURG HIGH SCHOOL

  • Education Level: High
  • # of students: 589
  • # of teachers: 31
0
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

BANNER

  • 1,540

    POPULATION
  • 621

    HOUSEHOLDS
  • 55.1%

    WHITE COLLAR

Neighborhood : BANNER

HOUSEHOLDS
621
POPULATION

1,540

27.9%Renters
72.1%Home Owners
LABOR FORCE

 

55.1%White Collar
44.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,176 per month.

MY RENT : $1,176 MEDIAN RENT : $826

Rent % Distribution LEVEL
$500-699 22.1%
$700-899 40.7%
$900-999 18.3%
$1,000-1,499 18.6%
>=$1,500 0.3%
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 $1,176 would therefore be considered affordable for annual household incomes greater than $47,040 (12 months x 3.333 x $1,176).

Rent % Affordability
Above $500 57.3%
Above $700 48.0%
Above $1,100 36.6%
Above $1,500 19.3%
Above $1,900 15.3%
HOUSEHOLD INCOME RANGE

Approximately 149 of households in this neighborhood have a total annual income of $47,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,176 per month.

MINIMUM INCOME RANGE : $47,040

Income % Distribution
<$20K 42.7%
$20K-$35K 16.3%
$35K-$60K 21.7%
$60K-$100K 15.3%
>=$100K 4.0%
COMMUTE TIME DISTRIBUTION

83% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 2.4%
10-14 mins 3.9%
15-19 mins 27.5%
20-29 mins 11.4%
30-44 mins 43.8%
45-59 mins 4.1%
>60 mins 3.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,176 per month.

MY RENT : $1,176 MEDIAN RENT : $826

Rent % Distribution
$500-699 22.1%
$700-899 40.7%
$900-999 18.3%
$1,000-1,499 18.6%
>=$1,500 0.3%
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 $1,176 would therefore be considered affordable for annual household incomes greater than $47,040 (12 months x 3.333 x $1,176).

Rent % Affordability
Above $500 57.3%
Above $700 48.0%
Above $1,100 36.6%
Above $1,500 19.3%
Above $1,900 15.3%
HOUSEHOLD INCOME RANGE

Approximately 149 of households in this neighborhood have a total annual income of $47,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,176 per month.

MINIMUM INCOME RANGE : $47,040

Income % Distribution
<$20K 42.7%
$20K-$35K 16.3%
$35K-$60K 21.7%
$60K-$100K 15.3%
>=$100K 4.0%
COMMUTE TIME DISTRIBUTION

83% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 2.4%
10-14 mins 3.9%
15-19 mins 27.5%
20-29 mins 11.4%
30-44 mins 43.8%
45-59 mins 4.1%
>60 mins 3.9%

BANNER Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 7.9%
Arts & Entertainment 9.1%
Educational Services 23.0%
Health Care & Social Assistance 7.3%
Retail & Wholesale Trader 16.0%
Transportation 9.7%
Other 27.1%
AGE DISTRIBUTION

62% of the population is between the ages of 25 and 64, 26% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 18.2%
15-19 3.4%
20-24 4.4%
25-44 26.3%
45-65 35.6%
66+ 12.1%
OCCUPATION

Occupation % Distribution
Construction 11.1%
Management, Business, & Financial 7.2%
Natural Resources Maintenance 15.9%
Production & Transportation 15.7%
Sales & Office 29.0%
Social 4.1%
Other 17.0%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.8%
High School 31.6%
Masters Degree 2.3%
Some College 22.6%
Some High School 29.1%
Other 3.7%

Banner Btm Comps

Sorry, we do not have sufficient data available.

Banner Btm, Banner, KY 41603 is a single family home of 2,798 sqft. HomeUnion INVESTimateĀ® for Banner Btm includes a Price Estimate of $216,793 and a Rent Estimate of $1,176. This single family home has 3 bedrooms,2 bathrooms, and was built in 1963. This property has an estimated 15 year annualized Yield of 6.51% and Total Return of 17.65%. The estimated 1 year forecast in home value for Banner Btm is 4.07%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in KY , FLOYD County , or the 41603 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Browse other real estate investments on Banner Btm

  1. Banner Btm

Similar Investment Properties By Bed/Bath within 2 miles

  1. 1376 Ky Route 1426
  2. 1930 Daniels Crk