Financial Details1610 Park Ave PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $223.23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,168 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
1610 Park Ave, Sylvan Beach, NY 13157 is a single family home of 1,168 sqft. HomeUnion estimate for 1610 Park Ave includes a Price Estimate of $260,734 and a Rent Estimate of $1,715. This single family home has 3 bedrooms, 2 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 7.89% and Total Return of 4.76%. The estimated 1 year forecast in home value for 1610 Park Ave is 3.61%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1610 Park Ave SCHOOLS
Financial Details
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SYLVAN BEACH
Neighborhood : SYLVAN BEACH
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 14% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,715 per month.
MY RENT : $1,715 MEDIAN RENT : $1,111
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 $1,715 would therefore be considered affordable for annual household incomes greater than $68,600 (12 months x 3.333 x $1,715).
HOUSEHOLD INCOME RANGE
Approximately 36 of households in this neighborhood have a total annual income of $68,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,715 per month.
MINIMUM INCOME RANGE : $68,600
COMMUTE TIME DISTRIBUTION
84% of the working population has a commute time of 15 to 44 minutes, 6% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.
SYLVAN BEACH Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 24.4% |
| Financial Industries | 4.7% |
| Health Care & Social Assistance | 11.6% |
| Manufacturing | 15.1% |
| Public Administration | 5.8% |
| Retail & Wholesale Trader | 15.1% |
| Other | 23.3% |
AGE DISTRIBUTION
47% of the population is between the ages of 25 and 64, 11% is 24 or younger and 41% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 7.4% |
| 15-19 | 2.8% |
| 20-24 | 1.2% |
| 25-44 | 12.3% |
| 45-65 | 35.0% |
| 66+ | 41.4% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 10.7% |
| Education | 12.0% |
| Management, Business, & Financial | 24.0% |
| Production & Transportation | 22.7% |
| Sales & Office | 14.7% |
| Social | 5.3% |
| Other | 10.7% |
HIGHEST EDUCATION LEVEL
13% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 7.9% |
| High School | 38.8% |
| Masters Degree | 3.0% |
| Some College | 21.1% |
| Some High School | 14.5% |
| Other | 14.8% |
1610 Park Ave Comps
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