Financial Details12 Chestnut St PROPERTY INFO
FACTS
- Built In 1899
- Price/Sqft : $51.24
CONSTRUCTION
- Beds : 5
- Floor Size : 2,754 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
12 Chestnut St, New York Mills, NY 13417 is a single family home of 2,754 sqft. HomeUnion estimate for 12 Chestnut St includes a Price Estimate of $141,107 and a Rent Estimate of $1,838. This single family home has 5 bedrooms, 2 bathrooms, and was built in 1899. This property has an estimated 15 year annualized Yield of 15.63% and Total Return of 26.01%. The estimated 1 year forecast in home value for 12 Chestnut St is 1.45%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
12 Chestnut St SCHOOLS
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Financial Details
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Village of New York Mills
Neighborhood : Village of New York Mills
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 32% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,838 per month.
MY RENT : $1,838 MEDIAN RENT : $1,386
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 $1,838 would therefore be considered affordable for annual household incomes greater than $73,520 (12 months x 3.333 x $1,838).
HOUSEHOLD INCOME RANGE
Approximately 256 of households in this neighborhood have a total annual income of $73,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,838 per month.
MINIMUM INCOME RANGE : $73,520
COMMUTE TIME DISTRIBUTION
51% of the working population has a commute time of 15 to 44 minutes, 47% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.
Village of New York Mills Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 6.6% |
| Educational Services | 8.5% |
| Financial Industries | 9.3% |
| Health Care & Social Assistance | 23.5% |
| Manufacturing | 15.8% |
| Retail & Wholesale Trader | 11.4% |
| Other | 24.8% |
AGE DISTRIBUTION
44% of the population is between the ages of 25 and 64, 31% is 24 or younger and 25% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.0% |
| 15-19 | 6.2% |
| 20-24 | 6.2% |
| 25-44 | 18.4% |
| 45-65 | 25.3% |
| 66+ | 24.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 11.5% |
| Management, Business, & Financial | 13.6% |
| Natural Resources Maintenance | 8.1% |
| PCare | 7.3% |
| Production & Transportation | 15.5% |
| Sales & Office | 26.3% |
| Other | 17.8% |
HIGHEST EDUCATION LEVEL
15% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.9% |
| High School | 36.9% |
| Masters Degree | 3.6% |
| Some College | 29.1% |
| Some High School | 6.7% |
| Other | 13.8% |
12 Chestnut St Comps
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