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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

5140 W 8th St Brooklyn Heights, OH 44131

3 Beds 1 Baths 1,376 sqft Built 1953
Last updated:  Jun 30, 2018

INVESTimate

$137,685

$129K - $147K

Price Est.

$1,397

$1.3K - $1.5K

Rent Est.

$144,597  ( +5.02%)   1 YR EST. FORECAST
  
  
  

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5140 W 8th St PROPERTY INFO

FACTS
  • Built In 1953
  • Price/Sqft : $100.06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,376 sqft
  • Baths : 1 Full

5140 W 8th St SCHOOLS

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Financial Details

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Neighborhood

INDEPENDENCE

  • 20,491

    POPULATION
  • 8,227

    HOUSEHOLDS
  • 76.2%

    WHITE COLLAR

Neighborhood : INDEPENDENCE

HOUSEHOLDS
8,227
POPULATION

20,491

7.8%Renters
92.2%Home Owners
LABOR FORCE

 

76.2%White Collar
23.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,231 per month.

MY RENT : $1,231 MEDIAN RENT : $1,742

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 15.5%
>=$1,500 84.5%
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 $1,231 would therefore be considered affordable for annual household incomes greater than $49,240 (12 months x 3.333 x $1,231).

Rent % Affordability
Above $500 92.8%
Above $700 88.0%
Above $1,100 75.9%
Above $1,500 63.4%
Above $1,900 53.8%
HOUSEHOLD INCOME RANGE

Approximately 5,484 of households in this neighborhood have a total annual income of $49,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,231 per month.

MINIMUM INCOME RANGE : $49,240

Income % Distribution
<$20K 7.2%
$20K-$35K 11.1%
$35K-$60K 18.3%
$60K-$100K 23.8%
>=$100K 39.6%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 22% 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 2.4%
5-9 mins 6.9%
10-14 mins 12.5%
15-19 mins 14.7%
20-29 mins 30.2%
30-44 mins 25.6%
45-59 mins 4.8%
>60 mins 2.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,231 per month.

MY RENT : $1,231 MEDIAN RENT : $1,742

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 15.5%
>=$1,500 84.5%
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 $1,231 would therefore be considered affordable for annual household incomes greater than $49,240 (12 months x 3.333 x $1,231).

Rent % Affordability
Above $500 92.8%
Above $700 88.0%
Above $1,100 75.9%
Above $1,500 63.4%
Above $1,900 53.8%
HOUSEHOLD INCOME RANGE

Approximately 5,484 of households in this neighborhood have a total annual income of $49,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,231 per month.

MINIMUM INCOME RANGE : $49,240

Income % Distribution
<$20K 7.2%
$20K-$35K 11.1%
$35K-$60K 18.3%
$60K-$100K 23.8%
>=$100K 39.6%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 22% 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 2.4%
5-9 mins 6.9%
10-14 mins 12.5%
15-19 mins 14.7%
20-29 mins 30.2%
30-44 mins 25.6%
45-59 mins 4.8%
>60 mins 2.8%

INDEPENDENCE Demographics

INDUSTRY

Industry % Distribution
Educational Services 7.9%
Financial Industries 7.3%
Health Care & Social Assistance 15.0%
Manufacturing 10.1%
Professional & Scientific Tech Services 10.0%
Retail & Wholesale Trader 13.7%
Other 36.0%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 24% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 14.7%
15-19 4.7%
20-24 5.0%
25-44 20.1%
45-65 31.7%
66+ 23.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.8%
Healthcare 8.5%
Management, Business, & Financial 28.8%
Natural Resources Maintenance 7.0%
Production & Transportation 8.7%
Sales & Office 22.5%
Other 15.7%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.4%
High School 30.4%
Masters Degree 9.8%
Some College 19.9%
Some High School 5.5%
Other 27.0%

5140 W 8th St Comps

Sorry, we do not have sufficient data available.

5140 W 8th St, Brooklyn Heights, OH 44131 is a single family home of 1,376 sqft. HomeUnion INVESTimateĀ® for 5140 W 8th St includes a Price Estimate of $137,685 and a Rent Estimate of $1,397. This single family home has 3 bedrooms,1 bathrooms, and was built in 1953. This property has an estimated 15 year annualized Yield of 12.18% and Total Return of 28.75%. The estimated 1 year forecast in home value for 5140 W 8th St is 5.02%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , CUYAHOGA County , or the 44131 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2