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This page contains information about each property aggregated from public data sources, 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.

1478 Eddy Rd Panama, NY 14767

3 Beds 1 Baths 768 sqft Built 1900
Last updated:  Oct 23, 2019

INVESTimate

$123,762

$113K - $135K

Price Est.

$1,687

$1.3K - $2.1K

Rent Est.

$124,109  ( +0.28%)   1 YR EST. FORECAST

1478 Eddy Rd PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $161.15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 768 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
1478 Eddy Rd, Panama, NY 14767 is a single family home of 768 sqft. HomeUnion estimate for 1478 Eddy Rd includes a Price Estimate of $123,762 and a Rent Estimate of $1,687. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 16.36% and Total Return of 25.97%. The estimated 1 year forecast in home value for 1478 Eddy Rd is 0.28%.
  
  
  

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1478 Eddy Rd SCHOOLS

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Financial Details

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Neighborhood

PANAMA

  • 2,007

    POPULATION
  • 696

    HOUSEHOLDS
  • 48.4%

    WHITE COLLAR

Neighborhood : PANAMA

HOUSEHOLDS
696
POPULATION

2,007

17.2%Renters
82.8%Home Owners
LABOR FORCE

 

48.4%White Collar
51.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,687 per month.

MY RENT : $1,687 MEDIAN RENT : $1,953

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.7%
>=$1,500 96.3%
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 $1,687 would therefore be considered affordable for annual household incomes greater than $67,480 (12 months x 3.333 x $1,687).

Rent % Affordability
Above $500 83.8%
Above $700 77.7%
Above $1,100 58.0%
Above $1,500 40.8%
Above $1,900 28.6%
HOUSEHOLD INCOME RANGE

Approximately 163 of households in this neighborhood have a total annual income of $67,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,687 per month.

MINIMUM INCOME RANGE : $67,480

Income % Distribution
<$20K 16.2%
$20K-$35K 15.2%
$35K-$60K 27.7%
$60K-$100K 25.9%
>=$100K 14.9%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 11.7%
10-14 mins 6.9%
15-19 mins 15.2%
20-29 mins 30.1%
30-44 mins 20.5%
45-59 mins 4.1%
>60 mins 5.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,687 per month.

MY RENT : $1,687 MEDIAN RENT : $1,953

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.7%
>=$1,500 96.3%
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 $1,687 would therefore be considered affordable for annual household incomes greater than $67,480 (12 months x 3.333 x $1,687).

Rent % Affordability
Above $500 83.8%
Above $700 77.7%
Above $1,100 58.0%
Above $1,500 40.8%
Above $1,900 28.6%
HOUSEHOLD INCOME RANGE

Approximately 163 of households in this neighborhood have a total annual income of $67,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,687 per month.

MINIMUM INCOME RANGE : $67,480

Income % Distribution
<$20K 16.2%
$20K-$35K 15.2%
$35K-$60K 27.7%
$60K-$100K 25.9%
>=$100K 14.9%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 11.7%
10-14 mins 6.9%
15-19 mins 15.2%
20-29 mins 30.1%
30-44 mins 20.5%
45-59 mins 4.1%
>60 mins 5.0%

PANAMA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.6%
Construction 8.0%
Educational Services 10.4%
Health Care & Social Assistance 14.7%
Manufacturing 21.3%
Retail & Wholesale Trader 11.4%
Other 24.6%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 36% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 22.5%
15-19 8.5%
20-24 4.8%
25-44 20.1%
45-65 28.1%
66+ 16.0%
OCCUPATION

Occupation % Distribution
Education 4.8%
Healthcare 8.6%
Management, Business, & Financial 12.0%
Natural Resources Maintenance 15.9%
Production & Transportation 23.3%
Sales & Office 17.1%
Other 18.2%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 16.1%
High School 34.7%
Masters Degree 6.1%
Some College 17.7%
Some High School 16.7%
Other 8.6%

1478 Eddy Rd Comps

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