INVESTimate
$50,219
148 Windfall Rd PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $64.22
CONSTRUCTION
- Beds : 3
- Floor Size : 2,275 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
148 Windfall Rd, Utica, NY 13502 is a single family home of 2,275 sqft. HomeUnion estimate for 148 Windfall Rd includes a Price Estimate of $146,111 and a Rent Estimate of $1,367. This single family home has 3 bedrooms, 3 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 11.23% and Total Return of 13.43%. The estimated 1 year forecast in home value for 148 Windfall Rd is 4.07%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
148 Windfall Rd SCHOOLS
Financial Details
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UTICA
Neighborhood : UTICA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 24% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,367 per month.
MY RENT : $1,367 MEDIAN RENT : $1,154
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 $1,367 would therefore be considered affordable for annual household incomes greater than $54,680 (12 months x 3.333 x $1,367).
HOUSEHOLD INCOME RANGE
Approximately 4,740 of households in this neighborhood have a total annual income of $54,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,367 per month.
MINIMUM INCOME RANGE : $54,680
COMMUTE TIME DISTRIBUTION
47% of the working population has a commute time of 15 to 44 minutes, 47% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.
UTICA Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 9.8% |
Educational Services | 11.5% |
Financial Industries | 7.0% |
Health Care & Social Assistance | 20.9% |
Manufacturing | 9.2% |
Retail & Wholesale Trader | 12.6% |
Other | 29.1% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 17.9% |
15-19 | 8.0% |
20-24 | 7.3% |
25-44 | 23.6% |
45-65 | 26.0% |
66+ | 17.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 5.6% |
Healthcare | 11.5% |
Management, Business, & Financial | 12.4% |
Natural Resources Maintenance | 8.6% |
Production & Transportation | 12.9% |
Sales & Office | 25.0% |
Other | 24.0% |
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 | 13.7% |
High School | 30.8% |
Masters Degree | 6.7% |
Some College | 21.7% |
Some High School | 12.8% |
Other | 14.3% |
148 Windfall Rd Comps
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