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

26913 Westwood Ln Olmsted Twp, OH 44138

5 Beds 1 Baths 2,160 sqft Built 1964
Last updated:  Jun 30, 2018

INVESTimate

$168,706

$160K - $178K

Price Est.

$1,528

$1.4K - $1.7K

Rent Est.

$174,509  ( +3.44%)   1 YR EST. FORECAST
  
  
  

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

  • 2340 BEAVER RUIN ROAD Norcross, GA
    • 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 1974 ∙ 1units 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 1974 ∙ 1units
    AVAILABLE fmls
    • 15.74% GROSS YIELD
    • $7,100 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $102,900
    • $33,018
    • $1,350
  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,795 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 3807 NORTHFLEET COURT Houston, TX
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.91% GROSS YIELD
    • $7,932 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $117,500
    • $36,888
    • $1,460

26913 Westwood Ln PROPERTY INFO

FACTS
  • Built In 1964
  • Price/Sqft : $78.10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,160 sqft
  • Baths : 1 Full

26913 Westwood Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FALLS-LENOX PRIMARY SCHOOL Primary Regular 840 42 10
OLMSTED FALLS MIDDLE SCHOOL Middle Regular 890 49 10
OLMSTED FALLS HIGH SCHOOL High Regular 1,165 58 9

FALLS-LENOX PRIMARY SCHOOL

  • Education Level: Primary
  • # of students: 840
  • # of teachers: 42
10
GreatSchools Rating

OLMSTED FALLS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 890
  • # of teachers: 49
10
GreatSchools Rating

OLMSTED FALLS HIGH SCHOOL

  • Education Level: High
  • # of students: 1,165
  • # of teachers: 58
9
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

OLMSTED FALLS

  • 22,339

    POPULATION
  • 9,220

    HOUSEHOLDS
  • 73.2%

    WHITE COLLAR

Neighborhood : OLMSTED FALLS

HOUSEHOLDS
9,220
POPULATION

22,339

20.9%Renters
79.1%Home Owners
LABOR FORCE

 

73.2%White Collar
26.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,902 per month.

MY RENT : $1,902 MEDIAN RENT : $1,542

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.8%
$1,000-1,499 43.1%
>=$1,500 55.0%
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 $1,902 would therefore be considered affordable for annual household incomes greater than $76,080 (12 months x 3.333 x $1,902).

Rent % Affordability
Above $500 90.6%
Above $700 84.6%
Above $1,100 68.0%
Above $1,500 56.8%
Above $1,900 46.3%
HOUSEHOLD INCOME RANGE

Approximately 3,424 of households in this neighborhood have a total annual income of $76,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,902 per month.

MINIMUM INCOME RANGE : $76,080

Income % Distribution
<$20K 9.4%
$20K-$35K 13.7%
$35K-$60K 20.0%
$60K-$100K 25.9%
>=$100K 31.0%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.1%
5-9 mins 8.5%
10-14 mins 10.2%
15-19 mins 14.1%
20-29 mins 26.4%
30-44 mins 23.6%
45-59 mins 10.4%
>60 mins 4.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,902 per month.

MY RENT : $1,902 MEDIAN RENT : $1,542

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.8%
$1,000-1,499 43.1%
>=$1,500 55.0%
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 $1,902 would therefore be considered affordable for annual household incomes greater than $76,080 (12 months x 3.333 x $1,902).

Rent % Affordability
Above $500 90.6%
Above $700 84.6%
Above $1,100 68.0%
Above $1,500 56.8%
Above $1,900 46.3%
HOUSEHOLD INCOME RANGE

Approximately 3,424 of households in this neighborhood have a total annual income of $76,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,902 per month.

MINIMUM INCOME RANGE : $76,080

Income % Distribution
<$20K 9.4%
$20K-$35K 13.7%
$35K-$60K 20.0%
$60K-$100K 25.9%
>=$100K 31.0%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.1%
5-9 mins 8.5%
10-14 mins 10.2%
15-19 mins 14.1%
20-29 mins 26.4%
30-44 mins 23.6%
45-59 mins 10.4%
>60 mins 4.5%

OLMSTED FALLS Demographics

INDUSTRY

Industry % Distribution
Educational Services 9.3%
Financial Industries 7.0%
Health Care & Social Assistance 16.5%
Manufacturing 14.8%
Professional & Scientific Tech Services 8.6%
Retail & Wholesale Trader 12.6%
Other 31.2%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 29% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 17.8%
15-19 6.8%
20-24 4.5%
25-44 23.3%
45-65 29.4%
66+ 18.1%
OCCUPATION

Occupation % Distribution
Construction 6.1%
Healthcare 9.1%
Management, Business, & Financial 28.5%
Natural Resources Maintenance 6.9%
Production & Transportation 11.1%
Sales & Office 22.9%
Other 15.2%
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 8.8%
High School 28.5%
Masters Degree 10.3%
Some College 22.6%
Some High School 3.6%
Other 26.3%

26913 Westwood Ln Comps

Sorry, we do not have sufficient data available.

26913 Westwood Ln, Olmsted Twp, OH 44138 is a single family home of 2,160 sqft. HomeUnion INVESTimateĀ® for 26913 Westwood Ln includes a Price Estimate of $168,706 and a Rent Estimate of $1,528. This single family home has 5 bedrooms,1 bathrooms, and was built in 1964. This property has an estimated 15 year annualized Yield of 10.87% and Total Return of 18.96%. The estimated 1 year forecast in home value for 26913 Westwood Ln is 3.44%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , CUYAHOGA County , or the 44138 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2