INVESTimate
$55,314
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Redwood Rd PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $172.22
CONSTRUCTION
- Beds : 3
- Floor Size : 960 sqft
- Baths : 1 Full 1 Half
Redwood Rd SCHOOLS
Financial Details
See Financial Details
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ACME
Neighborhood : ACME
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,016 per month.
MY RENT : $1,016 MEDIAN RENT : $872
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 $1,016 would therefore be considered affordable for annual household incomes greater than $40,640 (12 months x 3.333 x $1,016).
HOUSEHOLD INCOME RANGE
Approximately 788 of households in this neighborhood have a total annual income of $40,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,016 per month.
MINIMUM INCOME RANGE : $40,640
COMMUTE TIME DISTRIBUTION
61% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
ACME Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 8.4% |
Construction | 13.3% |
Educational Services | 6.6% |
Health Care & Social Assistance | 17.7% |
Manufacturing | 15.3% |
Retail & Wholesale Trader | 11.9% |
Other | 26.8% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 25% is 24 or younger and 21% is 65 or older.
Age | % Distribution |
---|---|
<15 | 14.1% |
15-19 | 5.5% |
20-24 | 5.5% |
25-44 | 20.5% |
45-65 | 33.8% |
66+ | 20.6% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 6.8% |
Healthcare | 10.8% |
Management, Business, & Financial | 9.7% |
Natural Resources Maintenance | 18.5% |
Production & Transportation | 20.4% |
Sales & Office | 21.5% |
Other | 12.4% |
HIGHEST EDUCATION LEVEL
21% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 13.8% |
High School | 42.9% |
Masters Degree | 4.9% |
Some College | 15.6% |
Some High School | 10.2% |
Other | 12.7% |
Redwood Rd Comps
Redwood Rd, Acme, PA 15610 is a single family home of 960 sqft. HomeUnion INVESTimateĀ® for Redwood Rd includes a Price Estimate of $165,336 and a Rent Estimate of $1,016. This single family home has 3 bedrooms,2 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 7.37% and Total Return of 11.40%. The estimated 1 year forecast in home value for Redwood Rd is 0.97%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , FAYETTE County , or the 15610 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2