1. < 7900 W

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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

3098 W 7900 S Benjamin, UT 84660

4 Beds 2 Baths 1,779 sqft Built 1992
Last updated:  May 30, 2018

INVESTimate

$431,752

$394K - $469K

Price Est.

$1,646

$1.4K - $1.9K

Rent Est.

$125,914

Investment Est.

$468,235  ( +8.45%)   1 YR EST. FORECAST

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3098 W 7900 S PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $242.69
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,779 sqft
  • Baths : 2 Full

3098 W 7900 S SCHOOLS

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Financial Details

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Neighborhood

SPANISH FORK

  • 41,045

    POPULATION

  • 10,714

    HOUSEHOLDS

  • 63.9%

    WHITE COLLAR

Neighborhood : SPANISH FORK

HOUSEHOLDS
10,714
POPULATION

41,045

24.9%Renters
75.1%Home Owners
LABOR FORCE

 

63.9%White Collar
36.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,710 per month.

MY RENT : $1,710 MEDIAN RENT : $1,467

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.4%
$900-999 6.8%
$1,000-1,499 45.3%
>=$1,500 43.5%
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 $1,710 would therefore be considered affordable for annual household incomes greater than $68,400 (12 months x 3.333 x $1,710).

Rent % Affordability
Above $500 91.6%
Above $700 86.3%
Above $1,100 74.4%
Above $1,500 59.1%
Above $1,900 45.3%
HOUSEHOLD INCOME RANGE

Approximately 3,973 of households in this neighborhood have a total annual income of $68,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,710 per month.

MINIMUM INCOME RANGE : $68,400

Income % Distribution
<$20K 8.4%
$20K-$35K 10.8%
$35K-$60K 21.7%
$60K-$100K 32.1%
>=$100K 26.9%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 15.2%
10-14 mins 15.7%
15-19 mins 17.8%
20-29 mins 25.0%
30-44 mins 13.1%
45-59 mins 4.7%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,710 per month.

MY RENT : $1,710 MEDIAN RENT : $1,467

Rent % Distribution
$500-699 0.0%
$700-899 4.4%
$900-999 6.8%
$1,000-1,499 45.3%
>=$1,500 43.5%
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 $1,710 would therefore be considered affordable for annual household incomes greater than $68,400 (12 months x 3.333 x $1,710).

Rent % Affordability
Above $500 91.6%
Above $700 86.3%
Above $1,100 74.4%
Above $1,500 59.1%
Above $1,900 45.3%
HOUSEHOLD INCOME RANGE

Approximately 3,973 of households in this neighborhood have a total annual income of $68,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,710 per month.

MINIMUM INCOME RANGE : $68,400

Income % Distribution
<$20K 8.4%
$20K-$35K 10.8%
$35K-$60K 21.7%
$60K-$100K 32.1%
>=$100K 26.9%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 15.2%
10-14 mins 15.7%
15-19 mins 17.8%
20-29 mins 25.0%
30-44 mins 13.1%
45-59 mins 4.7%
>60 mins 5.4%
SPANISH FORK Demographics
INDUSTRY

           

Industry % Distribution
Construction 8.1%
Educational Services 11.7%
Health Care & Social Assistance 11.0%
Manufacturing 16.8%
Professional & Scientific Tech Services 6.3%
Retail & Wholesale Trader 17.1%
Other 29.0%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 7.4%
Construction 5.9%
Management, Business, & Financial 17.1%
Natural Resources Maintenance 11.8%
Production & Transportation 15.0%
Sales & Office 25.5%
Other 17.3%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 33.0%
15-19 8.0%
20-24 7.5%
25-44 28.6%
45-65 16.2%
66+ 6.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 13.2%
High School 22.3%
Masters Degree 6.7%
Some College 28.3%
Some High School 5.9%
Other 23.6%

SPANISH FORK Demographics

INDUSTRY

Industry % Distribution
Construction 8.1%
Educational Services 11.7%
Health Care & Social Assistance 11.0%
Manufacturing 16.8%
Professional & Scientific Tech Services 6.3%
Retail & Wholesale Trader 17.1%
Other 29.0%
AGE DISTRIBUTION

45% of the population is between the ages of 25 and 64, 49% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 33.0%
15-19 8.0%
20-24 7.5%
25-44 28.6%
45-65 16.2%
66+ 6.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.4%
Construction 5.9%
Management, Business, & Financial 17.1%
Natural Resources Maintenance 11.8%
Production & Transportation 15.0%
Sales & Office 25.5%
Other 17.3%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.2%
High School 22.3%
Masters Degree 6.7%
Some College 28.3%
Some High School 5.9%
Other 23.6%

3098 W 7900 S Comps

Sorry, we do not have sufficient data available.

3098 W 7900 S, Benjamin, UT 84660 is a single family home of 1,779 sqft. HomeUnion INVESTimateĀ® for 3098 W 7900 S includes a Price Estimate of $431,752 and a Rent Estimate of $1,646. This single family home has 4 bedrooms,2 bathrooms, and was built in 1992. This property has an estimated 15 year annualized Yield of 4.57% and Total Return of 23.19%. The estimated 1 year forecast in home value for 3098 W 7900 S is 8.45%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in UT , UTAH County , or the 84660 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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