INVESTimate
$56,973
Financial Details1315 Newport Rd PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $85.20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,014 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
1315 Newport Rd, Poland, NY 13431 is a single family home of 2,014 sqft. HomeUnion estimate for 1315 Newport Rd includes a Price Estimate of $171,598 and a Rent Estimate of $1,769. This single family home has 4 bedrooms, 3 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 12.37% and Total Return of 23.32%. The estimated 1 year forecast in home value for 1315 Newport Rd is 2.39%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1315 Newport Rd SCHOOLS
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Financial Details
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POLAND
Neighborhood : POLAND
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 37% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,769 per month.
MY RENT : $1,769 MEDIAN RENT : $1,405
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 $1,769 would therefore be considered affordable for annual household incomes greater than $70,760 (12 months x 3.333 x $1,769).
HOUSEHOLD INCOME RANGE
Approximately 225 of households in this neighborhood have a total annual income of $70,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,769 per month.
MINIMUM INCOME RANGE : $70,760
COMMUTE TIME DISTRIBUTION
65% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.
POLAND Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 11.8% |
| Educational Services | 7.9% |
| Financial Industries | 6.8% |
| Health Care & Social Assistance | 20.5% |
| Manufacturing | 9.7% |
| Retail & Wholesale Trader | 13.2% |
| Other | 30.1% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 32% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.9% |
| 15-19 | 8.7% |
| 20-24 | 3.5% |
| 25-44 | 23.3% |
| 45-65 | 28.8% |
| 66+ | 15.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 5.6% |
| Healthcare | 12.8% |
| Management, Business, & Financial | 15.3% |
| Natural Resources Maintenance | 12.4% |
| Production & Transportation | 12.5% |
| Sales & Office | 26.5% |
| Other | 14.9% |
HIGHEST EDUCATION LEVEL
22% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 12.8% |
| High School | 35.6% |
| Masters Degree | 8.0% |
| Some College | 19.0% |
| Some High School | 8.5% |
| Other | 16.2% |
1315 Newport Rd Comps
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