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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

103 Luther St Amsterdam, NY 12010

6 Beds 2 Baths 2,392 sqft Built 1940
Last updated:  Dec 26, 2019

INVESTimate

$129,188

$115K - $144K

Price Est.

$1,972

$1.2K - $2.8K

Rent Est.

$133,839  ( +3.6%)   1 YR EST. FORECAST
  
  
  

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103 Luther St PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $54.01
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,392 sqft
  • Baths : 2 Full

103 Luther St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
AMSTERDAM HIGH SCHOOL High Regular 1,110 80 4

AMSTERDAM HIGH SCHOOL

  • Education Level: High
  • # of students: 1,110
  • # of teachers: 80
4
GreatSchools Rating
 

Financial Details

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Neighborhood

AMSTERDAM

  • 28,323

    POPULATION
  • 11,644

    HOUSEHOLDS
  • 58.8%

    WHITE COLLAR

Neighborhood : AMSTERDAM

HOUSEHOLDS
11,644
POPULATION

28,323

34.4%Renters
65.6%Home Owners
LABOR FORCE

 

58.8%White Collar
41.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,972 per month.

MY RENT : $1,972 MEDIAN RENT : $1,464

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 0.7%
$1,000-1,499 52.9%
>=$1,500 46.3%
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 $1,972 would therefore be considered affordable for annual household incomes greater than $78,880 (12 months x 3.333 x $1,972).

Rent % Affordability
Above $500 79.0%
Above $700 68.9%
Above $1,100 52.8%
Above $1,500 39.5%
Above $1,900 29.3%
HOUSEHOLD INCOME RANGE

Approximately 2,700 of households in this neighborhood have a total annual income of $78,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,972 per month.

MINIMUM INCOME RANGE : $78,880

Income % Distribution
<$20K 21.0%
$20K-$35K 17.5%
$35K-$60K 22.0%
$60K-$100K 20.7%
>=$100K 18.8%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 20.1%
10-14 mins 13.0%
15-19 mins 10.3%
20-29 mins 15.1%
30-44 mins 19.1%
45-59 mins 11.3%
>60 mins 6.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,972 per month.

MY RENT : $1,972 MEDIAN RENT : $1,464

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 0.7%
$1,000-1,499 52.9%
>=$1,500 46.3%
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 $1,972 would therefore be considered affordable for annual household incomes greater than $78,880 (12 months x 3.333 x $1,972).

Rent % Affordability
Above $500 79.0%
Above $700 68.9%
Above $1,100 52.8%
Above $1,500 39.5%
Above $1,900 29.3%
HOUSEHOLD INCOME RANGE

Approximately 2,700 of households in this neighborhood have a total annual income of $78,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,972 per month.

MINIMUM INCOME RANGE : $78,880

Income % Distribution
<$20K 21.0%
$20K-$35K 17.5%
$35K-$60K 22.0%
$60K-$100K 20.7%
>=$100K 18.8%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 20.1%
10-14 mins 13.0%
15-19 mins 10.3%
20-29 mins 15.1%
30-44 mins 19.1%
45-59 mins 11.3%
>60 mins 6.6%

AMSTERDAM Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.3%
Educational Services 6.8%
Health Care & Social Assistance 17.5%
Manufacturing 12.9%
Public Administration 6.7%
Retail & Wholesale Trader 17.6%
Other 30.3%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 31% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.2%
15-19 6.0%
20-24 7.4%
25-44 23.4%
45-65 27.2%
66+ 18.8%
OCCUPATION

Occupation % Distribution
Construction 4.4%
Healthcare 9.6%
Management, Business, & Financial 15.2%
Natural Resources Maintenance 8.8%
Production & Transportation 19.1%
Sales & Office 23.0%
Other 19.9%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.7%
High School 33.5%
Masters Degree 5.5%
Some College 20.4%
Some High School 14.5%
Other 12.5%

103 Luther St Comps

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103 Luther St, Amsterdam, NY 12010 is a single family home of 2,392 sqft. HomeUnion INVESTimateĀ® for 103 Luther St includes a Price Estimate of $129,188 and a Rent Estimate of $1,972. This single family home has 6 bedrooms,2 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 18.32% and Total Return of -1.45%. The estimated 1 year forecast in home value for 103 Luther St is 3.6%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , MONTGOMERY County , or the 12010 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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