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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

5880 Warren Sharon Rd Brookfield, OH 44403

3 Beds 1 Baths 992 sqft Built 1935
Last updated:  Jul 30, 2018

INVESTimate

$87,967

$79.7K - $96.3K

Price Est.

$787

736 - 838

Rent Est.

$91,662  ( +4.2%)   1 YR EST. FORECAST
  
  
  

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5880 Warren Sharon Rd PROPERTY INFO

FACTS
  • Built In 1935
  • Price/Sqft : $88.68
CONSTRUCTION
  • Beds : 3
  • Floor Size : 992 sqft
  • Baths : 1 Full

5880 Warren Sharon Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BROOKFIELD MIDDLE SCHOOL Primary Regular 370 20 5
BROOKFIELD MIDDLE SCHOOL Middle Regular 370 20 5
BROOKFIELD HIGH SCHOOL High Regular 363 22 6

BROOKFIELD MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 370
  • # of teachers: 20
5
GreatSchools Rating

BROOKFIELD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 370
  • # of teachers: 20
5
GreatSchools Rating

BROOKFIELD HIGH SCHOOL

  • Education Level: High
  • # of students: 363
  • # of teachers: 22
6
GreatSchools Rating
 

Financial Details

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Neighborhood

BROOKFIELD

  • 3,984

    POPULATION
  • 1,778

    HOUSEHOLDS
  • 58.1%

    WHITE COLLAR

Neighborhood : BROOKFIELD

HOUSEHOLDS
1,778
POPULATION

3,984

12.5%Renters
87.5%Home Owners
LABOR FORCE

 

58.1%White Collar
41.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $740 per month.

MY RENT : $740 MEDIAN RENT : $1,026

Rent % Distribution LEVEL
$500-699 3.8%
$700-899 27.6%
$900-999 15.0%
$1,000-1,499 44.2%
>=$1,500 9.4%
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 $740 would therefore be considered affordable for annual household incomes greater than $29,600 (12 months x 3.333 x $740).

Rent % Affordability
Above $500 82.5%
Above $700 75.8%
Above $1,100 59.8%
Above $1,500 49.0%
Above $1,900 34.0%
HOUSEHOLD INCOME RANGE

Approximately 3,498 of households in this neighborhood have a total annual income of $29,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $740 per month.

MINIMUM INCOME RANGE : $29,600

Income % Distribution
<$20K 17.5%
$20K-$35K 14.0%
$35K-$60K 19.5%
$60K-$100K 26.1%
>=$100K 22.9%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 25% 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 2.7%
5-9 mins 7.8%
10-14 mins 14.9%
15-19 mins 21.6%
20-29 mins 30.8%
30-44 mins 14.6%
45-59 mins 2.6%
>60 mins 5.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $740 per month.

MY RENT : $740 MEDIAN RENT : $1,026

Rent % Distribution
$500-699 3.8%
$700-899 27.6%
$900-999 15.0%
$1,000-1,499 44.2%
>=$1,500 9.4%
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 $740 would therefore be considered affordable for annual household incomes greater than $29,600 (12 months x 3.333 x $740).

Rent % Affordability
Above $500 82.5%
Above $700 75.8%
Above $1,100 59.8%
Above $1,500 49.0%
Above $1,900 34.0%
HOUSEHOLD INCOME RANGE

Approximately 3,498 of households in this neighborhood have a total annual income of $29,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $740 per month.

MINIMUM INCOME RANGE : $29,600

Income % Distribution
<$20K 17.5%
$20K-$35K 14.0%
$35K-$60K 19.5%
$60K-$100K 26.1%
>=$100K 22.9%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 25% 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 2.7%
5-9 mins 7.8%
10-14 mins 14.9%
15-19 mins 21.6%
20-29 mins 30.8%
30-44 mins 14.6%
45-59 mins 2.6%
>60 mins 5.0%

BROOKFIELD Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.8%
Construction 12.2%
Educational Services 8.5%
Health Care & Social Assistance 13.4%
Manufacturing 18.6%
Retail & Wholesale Trader 11.0%
Other 27.5%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 24% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 13.2%
15-19 4.3%
20-24 6.2%
25-44 18.1%
45-65 35.1%
66+ 23.1%
OCCUPATION

Occupation % Distribution
Construction 6.2%
Healthcare 9.5%
Management, Business, & Financial 16.2%
Natural Resources Maintenance 21.5%
Production & Transportation 14.9%
Sales & Office 17.6%
Other 14.1%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.6%
High School 51.5%
Masters Degree 5.6%
Some College 14.2%
Some High School 5.4%
Other 14.8%

5880 Warren Sharon Rd Comps

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5880 Warren Sharon Rd, Brookfield, OH 44403 is a single family home of 992 sqft. HomeUnion INVESTimateĀ® for 5880 Warren Sharon Rd includes a Price Estimate of $87,967 and a Rent Estimate of $787. This single family home has 3 bedrooms,1 bathrooms, and was built in 1935. This property has an estimated 15 year annualized Yield of 10.74% and Total Return of 19.60%. The estimated 1 year forecast in home value for 5880 Warren Sharon Rd is 4.2%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OH , TRUMBULL County , or the 44403 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2