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897 E Schaaf Rd PROPERTY INFO
FACTS
- Built In 1941
- Price/Sqft : $101.20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,320 sqft
- Baths : 1 Full
897 E Schaaf Rd SCHOOLS
Financial Details
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Brooklyn Heights
Neighborhood : Brooklyn Heights
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 72% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,258 per month.
MY RENT : $1,258 MEDIAN RENT : $1,456
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 $1,258 would therefore be considered affordable for annual household incomes greater than $50,320 (12 months x 3.333 x $1,258).
HOUSEHOLD INCOME RANGE
Approximately 331 of households in this neighborhood have a total annual income of $50,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,258 per month.
MINIMUM INCOME RANGE : $50,320
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.
Brooklyn Heights Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 7.6% |
| Arts & Entertainment | 11.2% |
| Health Care & Social Assistance | 10.6% |
| Manufacturing | 14.2% |
| Public Administration | 8.9% |
| Retail & Wholesale Trader | 13.1% |
| Other | 34.4% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 29% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 17.2% |
| 15-19 | 6.3% |
| 20-24 | 5.8% |
| 25-44 | 20.4% |
| 45-65 | 32.9% |
| 66+ | 17.4% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 5.9% |
| Healthcare | 8.2% |
| Management, Business, & Financial | 15.5% |
| Natural Resources Maintenance | 8.7% |
| Production & Transportation | 13.2% |
| Sales & Office | 27.7% |
| Other | 20.7% |
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 | 8.2% |
| High School | 36.2% |
| Masters Degree | 6.6% |
| Some College | 22.6% |
| Some High School | 7.0% |
| Other | 19.3% |
897 E Schaaf Rd Comps
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897 E Schaaf Rd, Brooklyn Heights, OH 44131 is a single family home of 1,320 sqft. HomeUnion INVESTimateĀ® for 897 E Schaaf Rd includes a Price Estimate of $133,583 and a Rent Estimate of $1,474. This single family home has 3 bedrooms,1 bathrooms, and was built in 1941. This property has an estimated 15 year annualized Yield of 13.24% and Total Return of 29.69%. The estimated 1 year forecast in home value for 897 E Schaaf Rd 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
