INVESTimate
$49,809
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153 Black Creek Rd PROPERTY INFO
FACTS
- Built In 1982
- Price/Sqft : $188.23
CONSTRUCTION
- Beds : 1
- Floor Size : 768 sqft
- Baths : 1 Full
153 Black Creek Rd SCHOOLS
Financial Details
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NEWPORT
Neighborhood : NEWPORT
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,140 per month.
MY RENT : $1,140 MEDIAN RENT : $1,271
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 $1,140 would therefore be considered affordable for annual household incomes greater than $45,600 (12 months x 3.333 x $1,140).
HOUSEHOLD INCOME RANGE
Approximately 457 of households in this neighborhood have a total annual income of $45,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,140 per month.
MINIMUM INCOME RANGE : $45,600
COMMUTE TIME DISTRIBUTION
64% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.
NEWPORT Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 11.4% |
Educational Services | 11.1% |
Health Care & Social Assistance | 17.6% |
Manufacturing | 12.3% |
Public Administration | 6.4% |
Retail & Wholesale Trader | 13.2% |
Other | 28.0% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 30% is 24 or younger and 15% is 65 or older.
Age | % Distribution |
---|---|
<15 | 18.7% |
15-19 | 7.1% |
20-24 | 4.5% |
25-44 | 22.1% |
45-65 | 32.2% |
66+ | 15.3% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 5.3% |
Healthcare | 8.0% |
Management, Business, & Financial | 14.1% |
Natural Resources Maintenance | 18.4% |
Production & Transportation | 15.8% |
Sales & Office | 22.4% |
Other | 15.8% |
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 | 15.8% |
High School | 38.5% |
Masters Degree | 6.1% |
Some College | 18.3% |
Some High School | 10.5% |
Other | 10.9% |
153 Black Creek Rd Comps
153 Black Creek Rd, Newport, NY 13416 is a single family home of 768 sqft. HomeUnion INVESTimateĀ® for 153 Black Creek Rd includes a Price Estimate of $144,561 and a Rent Estimate of $1,140. This single family home has 1 bedrooms,1 bathrooms, and was built in 1982. This property has an estimated 15 year annualized Yield of 9.46% and Total Return of 16.67%. The estimated 1 year forecast in home value for 153 Black Creek Rd is 3.61%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , HERKIMER County , or the 13416 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2