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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

1638 Cortland St Deruyter, NY 13052

4 Beds 2 Baths 2,144 sqft Built 1870
Last updated:  Nov 28, 2019

INVESTimate

$111,761

$102K - $121K

Price Est.

$1,634

974 - $2.3K

Rent Est.

$125,876  ( +12.63%)   1 YR EST. FORECAST
  
  
  

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1638 Cortland St PROPERTY INFO

FACTS
  • Built In 1870
  • Price/Sqft : $52.13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,144 sqft
  • Baths : 1 Full 1 Half

1638 Cortland St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DERUYTER ELEMENTARY SCHOOL Primary Regular 190 18 6
DERUYTER ELEMENTARY SCHOOL Middle Regular 190 18 6
DERUYTER HIGH SCHOOL High Regular 217 22 5

DERUYTER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 190
  • # of teachers: 18
6
GreatSchools Rating

DERUYTER ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 190
  • # of teachers: 18
6
GreatSchools Rating

DERUYTER HIGH SCHOOL

  • Education Level: High
  • # of students: 217
  • # of teachers: 22
5
GreatSchools Rating
 

Financial Details

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Neighborhood

DE RUYTER

  • 1,757

    POPULATION
  • 699

    HOUSEHOLDS
  • 52.7%

    WHITE COLLAR

Neighborhood : DE RUYTER

HOUSEHOLDS
699
POPULATION

1,757

16.5%Renters
83.5%Home Owners
LABOR FORCE

 

52.7%White Collar
47.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,634 per month.

MY RENT : $1,634 MEDIAN RENT : $1,473

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.2%
$900-999 2.5%
$1,000-1,499 50.2%
>=$1,500 47.1%
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 $1,634 would therefore be considered affordable for annual household incomes greater than $65,360 (12 months x 3.333 x $1,634).

Rent % Affordability
Above $500 84.4%
Above $700 73.6%
Above $1,100 57.6%
Above $1,500 43.9%
Above $1,900 30.5%
HOUSEHOLD INCOME RANGE

Approximately 182 of households in this neighborhood have a total annual income of $65,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,634 per month.

MINIMUM INCOME RANGE : $65,360

Income % Distribution
<$20K 15.6%
$20K-$35K 16.6%
$35K-$60K 23.9%
$60K-$100K 27.3%
>=$100K 16.6%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.7%
5-9 mins 7.9%
10-14 mins 5.5%
15-19 mins 8.8%
20-29 mins 16.8%
30-44 mins 31.7%
45-59 mins 11.4%
>60 mins 10.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,634 per month.

MY RENT : $1,634 MEDIAN RENT : $1,473

Rent % Distribution
$500-699 0.0%
$700-899 0.2%
$900-999 2.5%
$1,000-1,499 50.2%
>=$1,500 47.1%
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 $1,634 would therefore be considered affordable for annual household incomes greater than $65,360 (12 months x 3.333 x $1,634).

Rent % Affordability
Above $500 84.4%
Above $700 73.6%
Above $1,100 57.6%
Above $1,500 43.9%
Above $1,900 30.5%
HOUSEHOLD INCOME RANGE

Approximately 182 of households in this neighborhood have a total annual income of $65,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,634 per month.

MINIMUM INCOME RANGE : $65,360

Income % Distribution
<$20K 15.6%
$20K-$35K 16.6%
$35K-$60K 23.9%
$60K-$100K 27.3%
>=$100K 16.6%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.7%
5-9 mins 7.9%
10-14 mins 5.5%
15-19 mins 8.8%
20-29 mins 16.8%
30-44 mins 31.7%
45-59 mins 11.4%
>60 mins 10.2%

DE RUYTER Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.6%
Construction 11.7%
Educational Services 11.0%
Health Care & Social Assistance 11.5%
Manufacturing 11.4%
Retail & Wholesale Trader 10.5%
Other 35.3%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 18.1%
15-19 7.7%
20-24 5.1%
25-44 16.3%
45-65 33.5%
66+ 19.4%
OCCUPATION

Occupation % Distribution
Clean 6.2%
Computer Engineering 6.2%
Management, Business, & Financial 16.1%
Natural Resources Maintenance 16.1%
Production & Transportation 17.9%
Sales & Office 18.1%
Other 19.4%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.6%
High School 40.8%
Masters Degree 6.3%
Some College 16.8%
Some High School 12.4%
Other 10.1%

1638 Cortland St Comps

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1638 Cortland St, Deruyter, NY 13052 is a single family home of 2,144 sqft. HomeUnion INVESTimateĀ® for 1638 Cortland St includes a Price Estimate of $111,761 and a Rent Estimate of $1,634. This single family home has 4 bedrooms,2 bathrooms, and was built in 1870. This property has an estimated 15 year annualized Yield of 17.54% and Total Return of 48.93%. The estimated 1 year forecast in home value for 1638 Cortland St is 12.63%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , MADISON County , or the 13052 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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