INVESTimate
$24,364
Financial Details640 Exeter Rd PROPERTY INFO
FACTS
- Built In 0
- Price/Sqft : $52.20
CONSTRUCTION
- Beds : 2
- Floor Size : 930 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
640 Exeter Rd, Appalachia, VA 24216 is a single family home of 930 sqft. HomeUnion estimate for 640 Exeter Rd includes a Price Estimate of $48,544 and a Rent Estimate of $833. This single family home has 2 bedrooms, 1 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 20.59% and Total Return of 30.15%. The estimated 1 year forecast in home value for 640 Exeter Rd is -0.84%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
640 Exeter Rd SCHOOLS
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Financial Details
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APPALACHIA
Neighborhood : APPALACHIA
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 $797 per month.
MY RENT : $797 MEDIAN RENT : $901
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 $797 would therefore be considered affordable for annual household incomes greater than $31,880 (12 months x 3.333 x $797).
HOUSEHOLD INCOME RANGE
Approximately 2,507 of households in this neighborhood have a total annual income of $31,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $797 per month.
MINIMUM INCOME RANGE : $31,880
COMMUTE TIME DISTRIBUTION
49% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.
APPALACHIA Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 14.8% |
| Educational Services | 7.5% |
| Health Care & Social Assistance | 12.8% |
| Manufacturing | 11.3% |
| Retail & Wholesale Trader | 12.0% |
| Transportation | 7.3% |
| Other | 34.3% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 34% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 20.0% |
| 15-19 | 5.2% |
| 20-24 | 8.9% |
| 25-44 | 24.7% |
| 45-65 | 25.2% |
| 66+ | 16.1% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 4.5% |
| Healthcare | 9.9% |
| Management, Business, & Financial | 10.8% |
| Natural Resources Maintenance | 21.2% |
| Production & Transportation | 9.3% |
| Sales & Office | 32.4% |
| Other | 11.9% |
HIGHEST EDUCATION LEVEL
12% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 7.2% |
| High School | 35.5% |
| Masters Degree | 3.5% |
| Some College | 20.6% |
| Some High School | 25.9% |
| Other | 7.2% |
640 Exeter Rd Comps
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