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This page contains aggregated information about each property, 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 about INVESTimate

1588 Smith Hill Rd East Meredith, NY 13757

2 Beds 2 Baths 1,056 sqft Built 1970
Last updated:  Nov 28, 2019

INVESTimate

$165,314

$155K - $175K

Price Est.

$1,512

$1.2K - $1.9K

Rent Est.

$171,778  ( +3.91%)   1 YR EST. FORECAST
  
  
  

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1588 Smith Hill Rd PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $156.55
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,056 sqft
  • Baths : 2 Full

1588 Smith Hill Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DELHI ELEMENTARY SCHOOL Primary Regular 347 29 7
DELHI MIDDLE SCHOOL Middle Regular 157 8 8
DELAWARE ACADEMY HIGH SCHOOL High Regular 247 21 8

DELHI ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 347
  • # of teachers: 29
7
GreatSchools Rating

DELHI MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 157
  • # of teachers: 8
8
GreatSchools Rating

DELAWARE ACADEMY HIGH SCHOOL

  • Education Level: High
  • # of students: 247
  • # of teachers: 21
8
GreatSchools Rating
 

Financial Details

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Neighborhood

EAST MEREDITH

  • 1,048

    POPULATION
  • 434

    HOUSEHOLDS
  • 58.5%

    WHITE COLLAR

Neighborhood : EAST MEREDITH

HOUSEHOLDS
434
POPULATION

1,048

27.0%Renters
73.0%Home Owners
LABOR FORCE

 

58.5%White Collar
41.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,512 per month.

MY RENT : $1,512 MEDIAN RENT : $1,554

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 42.3%
>=$1,500 57.7%
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 $1,512 would therefore be considered affordable for annual household incomes greater than $60,480 (12 months x 3.333 x $1,512).

Rent % Affordability
Above $500 84.4%
Above $700 74.8%
Above $1,100 59.5%
Above $1,500 40.6%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 114 of households in this neighborhood have a total annual income of $60,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,512 per month.

MINIMUM INCOME RANGE : $60,480

Income % Distribution
<$20K 15.6%
$20K-$35K 17.7%
$35K-$60K 26.1%
$60K-$100K 23.9%
>=$100K 16.7%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 7.3%
10-14 mins 6.4%
15-19 mins 19.3%
20-29 mins 28.1%
30-44 mins 23.3%
45-59 mins 6.6%
>60 mins 5.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,512 per month.

MY RENT : $1,512 MEDIAN RENT : $1,554

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 42.3%
>=$1,500 57.7%
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 $1,512 would therefore be considered affordable for annual household incomes greater than $60,480 (12 months x 3.333 x $1,512).

Rent % Affordability
Above $500 84.4%
Above $700 74.8%
Above $1,100 59.5%
Above $1,500 40.6%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 114 of households in this neighborhood have a total annual income of $60,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,512 per month.

MINIMUM INCOME RANGE : $60,480

Income % Distribution
<$20K 15.6%
$20K-$35K 17.7%
$35K-$60K 26.1%
$60K-$100K 23.9%
>=$100K 16.7%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 7.3%
10-14 mins 6.4%
15-19 mins 19.3%
20-29 mins 28.1%
30-44 mins 23.3%
45-59 mins 6.6%
>60 mins 5.7%

EAST MEREDITH Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.0%
Construction 10.5%
Educational Services 12.8%
Health Care & Social Assistance 12.8%
Manufacturing 10.3%
Retail & Wholesale Trader 14.1%
Other 30.7%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 25% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 14.5%
15-19 4.8%
20-24 5.8%
25-44 23.7%
45-65 30.7%
66+ 20.5%
OCCUPATION

Occupation % Distribution
Construction 6.6%
Healthcare 6.9%
Management, Business, & Financial 17.7%
Natural Resources Maintenance 15.1%
Production & Transportation 14.5%
Sales & Office 19.2%
Other 19.9%
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 11.9%
High School 33.8%
Masters Degree 8.5%
Some College 15.5%
Some High School 12.3%
Other 18.1%

1588 Smith Hill Rd Comps

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1588 Smith Hill Rd, East Meredith, NY 13757 is a single family home of 1,056 sqft. HomeUnion INVESTimateĀ® for 1588 Smith Hill Rd includes a Price Estimate of $165,314 and a Rent Estimate of $1,512. This single family home has 2 bedrooms,2 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 10.98% and Total Return of 24.75%. The estimated 1 year forecast in home value for 1588 Smith Hill Rd is 3.91%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , DELAWARE County , or the 13757 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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