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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

16241 S Rim Dr Lorraine, NY 13659

2 Beds 1 Baths 1,200 sqft Built 2011
Last updated:  Nov 28, 2019

INVESTimate

$148,782

$140K - $157K

Price Est.

$1,598

$1.5K - $1.7K

Rent Est.

$149,080  ( +0.2%)   1 YR EST. FORECAST
  
  
  

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16241 S Rim Dr PROPERTY INFO

FACTS
  • Built In 2011
  • Price/Sqft : $123.98
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,200 sqft
  • Baths : 1 Full

16241 S Rim Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH JEFFERSON HIGH SCHOOL High Regular 618 38 8

SOUTH JEFFERSON HIGH SCHOOL

  • Education Level: High
  • # of students: 618
  • # of teachers: 38
8
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

LORRAINE

  • 493

    POPULATION
  • 193

    HOUSEHOLDS
  • 55.7%

    WHITE COLLAR

Neighborhood : LORRAINE

HOUSEHOLDS
193
POPULATION

493

10.6%Renters
89.4%Home Owners
LABOR FORCE

 

55.7%White Collar
44.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 6% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,598 per month.

MY RENT : $1,598 MEDIAN RENT : $1,115

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.9%
$900-999 17.3%
$1,000-1,499 75.8%
>=$1,500 6.1%
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 $1,598 would therefore be considered affordable for annual household incomes greater than $63,920 (12 months x 3.333 x $1,598).

Rent % Affordability
Above $500 87.5%
Above $700 76.9%
Above $1,100 56.8%
Above $1,500 43.2%
Above $1,900 36.8%
HOUSEHOLD INCOME RANGE

Approximately 56 of households in this neighborhood have a total annual income of $63,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,598 per month.

MINIMUM INCOME RANGE : $63,920

Income % Distribution
<$20K 12.5%
$20K-$35K 18.8%
$35K-$60K 25.5%
$60K-$100K 22.4%
>=$100K 20.8%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.4%
5-9 mins 3.9%
10-14 mins 7.8%
15-19 mins 11.8%
20-29 mins 32.4%
30-44 mins 22.1%
45-59 mins 9.3%
>60 mins 8.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 6% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,598 per month.

MY RENT : $1,598 MEDIAN RENT : $1,115

Rent % Distribution
$500-699 0.0%
$700-899 0.9%
$900-999 17.3%
$1,000-1,499 75.8%
>=$1,500 6.1%
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 $1,598 would therefore be considered affordable for annual household incomes greater than $63,920 (12 months x 3.333 x $1,598).

Rent % Affordability
Above $500 87.5%
Above $700 76.9%
Above $1,100 56.8%
Above $1,500 43.2%
Above $1,900 36.8%
HOUSEHOLD INCOME RANGE

Approximately 56 of households in this neighborhood have a total annual income of $63,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,598 per month.

MINIMUM INCOME RANGE : $63,920

Income % Distribution
<$20K 12.5%
$20K-$35K 18.8%
$35K-$60K 25.5%
$60K-$100K 22.4%
>=$100K 20.8%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.4%
5-9 mins 3.9%
10-14 mins 7.8%
15-19 mins 11.8%
20-29 mins 32.4%
30-44 mins 22.1%
45-59 mins 9.3%
>60 mins 8.3%

LORRAINE Demographics

INDUSTRY

Industry % Distribution
Construction 12.7%
Educational Services 9.5%
Health Care & Social Assistance 14.1%
Manufacturing 6.8%
Public Administration 10.5%
Retail & Wholesale Trader 13.6%
Other 32.7%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 27% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 15.6%
15-19 6.3%
20-24 4.9%
25-44 23.5%
45-65 31.2%
66+ 18.5%
OCCUPATION

Occupation % Distribution
Healthcare 8.4%
Management, Business, & Financial 18.3%
Natural Resources Maintenance 19.1%
Production & Transportation 6.1%
Protect 9.2%
Sales & Office 21.4%
Other 17.6%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.6%
High School 43.8%
Masters Degree 4.8%
Some College 12.1%
Some High School 15.9%
Other 10.8%

16241 S Rim Dr Comps

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16241 S Rim Dr, Lorraine, NY 13659 is a single family home of 1,200 sqft. HomeUnion INVESTimateĀ® for 16241 S Rim Dr includes a Price Estimate of $148,782 and a Rent Estimate of $1,598. This single family home has 2 bedrooms,1 bathrooms, and was built in 2011. This property has an estimated 15 year annualized Yield of 12.89% and Total Return of 21.36%. The estimated 1 year forecast in home value for 16241 S Rim Dr is 0.2%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , JEFFERSON County , or the 13659 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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