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1425 Hoffman Hollow Rd PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $70.90
CONSTRUCTION
- Beds : 2
- Floor Size : 960 sqft
- Baths : 1 Full
1425 Hoffman Hollow Rd SCHOOLS
Financial Details
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LOWMAN
Neighborhood : LOWMAN
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,364 per month.
MY RENT : $1,364 MEDIAN RENT : $1,605
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 $1,364 would therefore be considered affordable for annual household incomes greater than $54,560 (12 months x 3.333 x $1,364).
HOUSEHOLD INCOME RANGE
Approximately 335 of households in this neighborhood have a total annual income of $54,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,364 per month.
MINIMUM INCOME RANGE : $54,560
COMMUTE TIME DISTRIBUTION
65% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
LOWMAN Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 8.3% |
| Construction | 9.2% |
| Health Care & Social Assistance | 18.8% |
| Manufacturing | 13.8% |
| Public Administration | 9.5% |
| Retail & Wholesale Trader | 12.2% |
| Other | 28.3% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 26% is 24 or younger and 21% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.0% |
| 15-19 | 6.1% |
| 20-24 | 4.7% |
| 25-44 | 19.5% |
| 45-65 | 34.0% |
| 66+ | 20.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 9.8% |
| Management, Business, & Financial | 14.2% |
| Natural Resources Maintenance | 12.1% |
| Production & Transportation | 17.8% |
| Sales & Office | 17.9% |
| Social | 5.9% |
| Other | 22.4% |
HIGHEST EDUCATION LEVEL
18% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 11.9% |
| High School | 46.5% |
| Masters Degree | 4.9% |
| Some College | 17.8% |
| Some High School | 7.5% |
| Other | 11.4% |
1425 Hoffman Hollow Rd Comps
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1425 Hoffman Hollow Rd, Lowman, NY 14861 is a single family home of 960 sqft. HomeUnion INVESTimateĀ® for 1425 Hoffman Hollow Rd includes a Price Estimate of $68,062 and a Rent Estimate of $1,364. This single family home has 2 bedrooms,1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 24.05% and Total Return of 41.00%. The estimated 1 year forecast in home value for 1425 Hoffman Hollow Rd is 6.62%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHEMUNG County , or the 14861 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
