INVESTimate
$59,165
120 Mill St PROPERTY INFO
FACTS
- Built In 1940
- Price/Sqft : $107.71
CONSTRUCTION
- Beds : 3
- Floor Size : 1,670 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
120 Mill St, Breesport, NY 14816 is a single family home of 1,670 sqft. HomeUnion estimate for 120 Mill St includes a Price Estimate of $179,869 and a Rent Estimate of $1,619. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 10.80% and Total Return of 18.55%. The estimated 1 year forecast in home value for 120 Mill St is 0.51%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
120 Mill St SCHOOLS
Financial Details
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BREESPORT
Neighborhood : BREESPORT
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 $1,619 per month.
MY RENT : $1,619 MEDIAN RENT : $1,606
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 $1,619 would therefore be considered affordable for annual household incomes greater than $64,760 (12 months x 3.333 x $1,619).
HOUSEHOLD INCOME RANGE
Approximately 66 of households in this neighborhood have a total annual income of $64,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,619 per month.
MINIMUM INCOME RANGE : $64,760
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.
BREESPORT Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 5.9% |
Educational Services | 12.3% |
Health Care & Social Assistance | 13.1% |
Manufacturing | 11.4% |
Retail & Wholesale Trader | 26.7% |
Transportation | 4.2% |
Other | 26.3% |
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 | 14.4% |
15-19 | 3.5% |
20-24 | 5.7% |
25-44 | 17.9% |
45-65 | 35.4% |
66+ | 23.0% |
OCCUPATION
Occupation | % Distribution |
---|---|
Education | 7.4% |
Healthcare | 14.3% |
Management, Business, & Financial | 12.6% |
Natural Resources Maintenance | 8.0% |
Production & Transportation | 16.0% |
Sales & Office | 25.1% |
Other | 16.6% |
HIGHEST EDUCATION LEVEL
26% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 11.4% |
High School | 35.3% |
Masters Degree | 12.5% |
Some College | 17.5% |
Some High School | 5.2% |
Other | 18.1% |
120 Mill St Comps
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