INVESTimate
$40,170
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4490 Grove Ave PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $116.96
CONSTRUCTION
- Beds : 2
- Floor Size : 925 sqft
- Baths : 1 Full
4490 Grove Ave SCHOOLS
Financial Details
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Bridgetown North
Neighborhood : Bridgetown North
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $971 per month.
MY RENT : $971 MEDIAN RENT : $1,087
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 $971 would therefore be considered affordable for annual household incomes greater than $38,840 (12 months x 3.333 x $971).
HOUSEHOLD INCOME RANGE
Approximately 2,703 of households in this neighborhood have a total annual income of $38,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $971 per month.
MINIMUM INCOME RANGE : $38,840
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
Bridgetown North Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 7.7% |
| Construction | 8.0% |
| Health Care & Social Assistance | 20.0% |
| Manufacturing | 12.9% |
| Professional & Scientific Tech Services | 5.1% |
| Retail & Wholesale Trader | 15.4% |
| Other | 30.9% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 30% is 24 or younger and 19% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 17.5% |
| 15-19 | 6.9% |
| 20-24 | 5.5% |
| 25-44 | 25.9% |
| 45-65 | 25.7% |
| 66+ | 18.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 4.6% |
| Healthcare | 14.9% |
| Management, Business, & Financial | 15.2% |
| Natural Resources Maintenance | 10.6% |
| Production & Transportation | 12.1% |
| Sales & Office | 29.1% |
| Other | 13.6% |
HIGHEST EDUCATION LEVEL
15% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 8.1% |
| High School | 40.0% |
| Masters Degree | 5.3% |
| Some College | 22.5% |
| Some High School | 7.4% |
| Other | 16.7% |
4490 Grove Ave Comps
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4490 Grove Ave, Cheviot, OH 45211 is a single family home of 925 sqft. HomeUnion INVESTimateĀ® for 4490 Grove Ave includes a Price Estimate of $108,189 and a Rent Estimate of $978. This single family home has 2 bedrooms,1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 10.85% and Total Return of 21.29%. The estimated 1 year forecast in home value for 4490 Grove Ave is 4.07%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , HAMILTON County , or the 45211 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
