INVESTimate
$30,238
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16 Boorman Ter PROPERTY INFO
FACTS
- Built In 1972
- Price/Sqft : $89.28
CONSTRUCTION
- Beds : 0
- Floor Size : 792 sqft
- Baths : 0 Full
16 Boorman Ter SCHOOLS
Financial Details
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OTISVILLE
Neighborhood : OTISVILLE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 94% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,192 per month.
MY RENT : $1,192 MEDIAN RENT : $1,829
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 $1,192 would therefore be considered affordable for annual household incomes greater than $47,680 (12 months x 3.333 x $1,192).
HOUSEHOLD INCOME RANGE
Approximately 627 of households in this neighborhood have a total annual income of $47,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,192 per month.
MINIMUM INCOME RANGE : $47,680
COMMUTE TIME DISTRIBUTION
51% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.
OTISVILLE Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 7.4% |
| Construction | 12.7% |
| Educational Services | 16.8% |
| Health Care & Social Assistance | 15.7% |
| Public Administration | 7.1% |
| Retail & Wholesale Trader | 11.6% |
| Other | 28.6% |
AGE DISTRIBUTION
70% of the population is between the ages of 25 and 64, 20% is 24 or younger and 9% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 13.6% |
| 15-19 | 3.7% |
| 20-24 | 3.2% |
| 25-44 | 33.9% |
| 45-65 | 36.3% |
| 66+ | 9.4% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 6.0% |
| Management, Business, & Financial | 13.0% |
| Natural Resources Maintenance | 16.6% |
| Production & Transportation | 12.4% |
| Protect | 8.7% |
| Sales & Office | 22.4% |
| Other | 21.0% |
HIGHEST EDUCATION LEVEL
15% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 7.3% |
| High School | 39.1% |
| Masters Degree | 6.2% |
| Some College | 26.3% |
| Some High School | 10.0% |
| Other | 11.0% |
16 Boorman Ter Comps
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16 Boorman Ter, Otisville, NY 10963 is a single family home of 792 sqft. HomeUnion INVESTimateĀ® for 16 Boorman Ter includes a Price Estimate of $70,711 and a Rent Estimate of $1,192. This single family home has 0 bedrooms,0 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 20.23% and Total Return of 40.54%. The estimated 1 year forecast in home value for 16 Boorman Ter is 5.7%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ORANGE County , or the 10963 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
