Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

1203 Lutheranville Rd East Worcester, NY 12064

3 Beds 1 Baths 1,680 sqft Built 1980
Last updated:  Jan 23, 2020

INVESTimate

$132,472

$125K - $140K

Price Est.

$1,064

881 - $1.2K

Rent Est.

$135,519  ( +2.3%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

1203 Lutheranville Rd PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $78.85
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,680 sqft
  • Baths : 1 Full

1203 Lutheranville Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GEORGE D. RYDER ELEMENTARY SCHOOL Primary Regular 391 29 NA
WILLIAM H GOLDING MIDDLE SCHOOL Middle Regular 442 28 NA
COBLESKILL-RICHMONDVILLE HIGH SCHOOL High Regular 625 41 7

GEORGE D. RYDER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 391
  • # of teachers: 29
-1
GreatSchools Rating

WILLIAM H GOLDING MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 442
  • # of teachers: 28
-1
GreatSchools Rating

COBLESKILL-RICHMONDVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 625
  • # of teachers: 41
7
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

EAST WORCESTER

  • 464

    POPULATION
  • 197

    HOUSEHOLDS
  • 61.8%

    WHITE COLLAR

Neighborhood : EAST WORCESTER

HOUSEHOLDS
197
POPULATION

464

14.1%Renters
85.9%Home Owners
LABOR FORCE

 

61.8%White Collar
38.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,064 per month.

MY RENT : $1,064 MEDIAN RENT : $900

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 47.6%
$900-999 37.1%
$1,000-1,499 15.2%
>=$1,500 0.0%
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 $1,064 would therefore be considered affordable for annual household incomes greater than $42,560 (12 months x 3.333 x $1,064).

Rent % Affordability
Above $500 83.2%
Above $700 74.9%
Above $1,100 53.8%
Above $1,500 40.8%
Above $1,900 24.1%
HOUSEHOLD INCOME RANGE

Approximately 96 of households in this neighborhood have a total annual income of $42,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,064 per month.

MINIMUM INCOME RANGE : $42,560

Income % Distribution
<$20K 16.8%
$20K-$35K 14.3%
$35K-$60K 28.1%
$60K-$100K 25.5%
>=$100K 15.3%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.1%
5-9 mins 1.8%
10-14 mins 3.5%
15-19 mins 3.5%
20-29 mins 14.1%
30-44 mins 37.6%
45-59 mins 14.7%
>60 mins 17.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,064 per month.

MY RENT : $1,064 MEDIAN RENT : $900

Rent % Distribution
$500-699 0.0%
$700-899 47.6%
$900-999 37.1%
$1,000-1,499 15.2%
>=$1,500 0.0%
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 $1,064 would therefore be considered affordable for annual household incomes greater than $42,560 (12 months x 3.333 x $1,064).

Rent % Affordability
Above $500 83.2%
Above $700 74.9%
Above $1,100 53.8%
Above $1,500 40.8%
Above $1,900 24.1%
HOUSEHOLD INCOME RANGE

Approximately 96 of households in this neighborhood have a total annual income of $42,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,064 per month.

MINIMUM INCOME RANGE : $42,560

Income % Distribution
<$20K 16.8%
$20K-$35K 14.3%
$35K-$60K 28.1%
$60K-$100K 25.5%
>=$100K 15.3%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.1%
5-9 mins 1.8%
10-14 mins 3.5%
15-19 mins 3.5%
20-29 mins 14.1%
30-44 mins 37.6%
45-59 mins 14.7%
>60 mins 17.6%

EAST WORCESTER Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.7%
Construction 11.8%
Educational Services 10.8%
Health Care & Social Assistance 19.5%
Manufacturing 8.7%
Retail & Wholesale Trader 14.4%
Other 26.2%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 23% is 24 or younger and 26% is 65 or older.

Age % Distribution
<15 14.2%
15-19 5.4%
20-24 3.0%
25-44 19.0%
45-65 32.3%
66+ 26.1%
OCCUPATION

Occupation % Distribution
Construction 8.3%
Healthcare 14.9%
Management, Business, & Financial 15.7%
Natural Resources Maintenance 10.7%
Production & Transportation 17.4%
Sales & Office 22.3%
Other 10.7%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.7%
High School 39.3%
Masters Degree 5.8%
Some College 14.9%
Some High School 15.5%
Other 13.7%

1203 Lutheranville Rd Comps

Sorry, we do not have sufficient data available.

1203 Lutheranville Rd, East Worcester, NY 12064 is a single family home of 1,680 sqft. HomeUnion INVESTimateĀ® for 1203 Lutheranville Rd includes a Price Estimate of $132,472 and a Rent Estimate of $1,064. This single family home has 3 bedrooms,1 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 9.64% and Total Return of 6.45%. The estimated 1 year forecast in home value for 1203 Lutheranville Rd is 2.3%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , SCHOHARIE County , or the 12064 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Nearest zipcodes within 2 miles

  1. 12175
  2. 12197
  3. 12036