Financial Details14003 Nys Route 28 W PROPERTY INFO
FACTS
- Built In 1991
- Price/Sqft : $193.10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,440 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
14003 Nys Route 28 W, Forestport, NY 13338 is a single family home of 1,440 sqft. HomeUnion estimate for 14003 Nys Route 28 W includes a Price Estimate of $278,069 and a Rent Estimate of $1,223. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1991. This property has an estimated 15 year annualized Yield of 5.28% and Total Return of 9.91%. The estimated 1 year forecast in home value for 14003 Nys Route 28 W is 1.42%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
14003 Nys Route 28 W SCHOOLS
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Financial Details
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FORESTPORT
Neighborhood : FORESTPORT
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 $1,223 per month.
MY RENT : $1,223 MEDIAN RENT : $1,111
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 $1,223 would therefore be considered affordable for annual household incomes greater than $48,920 (12 months x 3.333 x $1,223).
HOUSEHOLD INCOME RANGE
Approximately 231 of households in this neighborhood have a total annual income of $48,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,223 per month.
MINIMUM INCOME RANGE : $48,920
COMMUTE TIME DISTRIBUTION
51% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.
FORESTPORT Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 16.8% |
| Construction | 10.8% |
| Health Care & Social Assistance | 9.5% |
| Manufacturing | 7.1% |
| Public Administration | 10.2% |
| Retail & Wholesale Trader | 17.8% |
| Other | 27.8% |
AGE DISTRIBUTION
58% of the population is between the ages of 25 and 64, 16% is 24 or younger and 26% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 9.0% |
| 15-19 | 4.2% |
| 20-24 | 2.9% |
| 25-44 | 16.9% |
| 45-65 | 41.4% |
| 66+ | 25.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 4.8% |
| Management, Business, & Financial | 19.7% |
| Natural Resources Maintenance | 15.2% |
| Production & Transportation | 9.8% |
| Sales & Office | 28.9% |
| Social | 5.1% |
| Other | 16.5% |
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 | 10.4% |
| High School | 44.0% |
| Masters Degree | 8.0% |
| Some College | 14.7% |
| Some High School | 7.5% |
| Other | 15.5% |
14003 Nys Route 28 W Comps
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