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This page contains information about each property aggregated from public data sources, 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.

1662 Newport Rd Poland, NY 13431

3 Beds 1 Baths 1,985 sqft Built 1986
Last updated:  Nov 28, 2019

INVESTimate

$168,069

$157K - $180K

Price Est.

$1,361

811 - $1.9K

Rent Est.

$172,086  ( +2.39%)   1 YR EST. FORECAST

1662 Newport Rd PROPERTY INFO

FACTS
  • Built In 1986
  • Price/Sqft : $84.67
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,985 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
1662 Newport Rd, Poland, NY 13431 is a single family home of 1,985 sqft. HomeUnion estimate for 1662 Newport Rd includes a Price Estimate of $168,069 and a Rent Estimate of $1,361. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 9.72% and Total Return of 16.16%. The estimated 1 year forecast in home value for 1662 Newport Rd is 2.39%.
  
  
  

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1662 Newport Rd SCHOOLS

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Financial Details

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Neighborhood

POLAND

  • 2,001

    POPULATION
  • 706

    HOUSEHOLDS
  • 64.0%

    WHITE COLLAR

Neighborhood : POLAND

HOUSEHOLDS
706
POPULATION

2,001

12.6%Renters
87.4%Home Owners
LABOR FORCE

 

64.0%White Collar
36.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,361 per month.

MY RENT : $1,361 MEDIAN RENT : $1,405

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.2%
$900-999 1.7%
$1,000-1,499 61.0%
>=$1,500 37.1%
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 $1,361 would therefore be considered affordable for annual household incomes greater than $54,440 (12 months x 3.333 x $1,361).

Rent % Affordability
Above $500 87.6%
Above $700 78.9%
Above $1,100 63.4%
Above $1,500 47.9%
Above $1,900 35.8%
HOUSEHOLD INCOME RANGE

Approximately 352 of households in this neighborhood have a total annual income of $54,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,361 per month.

MINIMUM INCOME RANGE : $54,440

Income % Distribution
<$20K 12.4%
$20K-$35K 16.3%
$35K-$60K 23.4%
$60K-$100K 22.4%
>=$100K 25.4%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.5%
5-9 mins 7.9%
10-14 mins 9.3%
15-19 mins 7.0%
20-29 mins 24.2%
30-44 mins 33.4%
45-59 mins 4.0%
>60 mins 10.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,361 per month.

MY RENT : $1,361 MEDIAN RENT : $1,405

Rent % Distribution
$500-699 0.0%
$700-899 0.2%
$900-999 1.7%
$1,000-1,499 61.0%
>=$1,500 37.1%
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 $1,361 would therefore be considered affordable for annual household incomes greater than $54,440 (12 months x 3.333 x $1,361).

Rent % Affordability
Above $500 87.6%
Above $700 78.9%
Above $1,100 63.4%
Above $1,500 47.9%
Above $1,900 35.8%
HOUSEHOLD INCOME RANGE

Approximately 352 of households in this neighborhood have a total annual income of $54,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,361 per month.

MINIMUM INCOME RANGE : $54,440

Income % Distribution
<$20K 12.4%
$20K-$35K 16.3%
$35K-$60K 23.4%
$60K-$100K 22.4%
>=$100K 25.4%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.5%
5-9 mins 7.9%
10-14 mins 9.3%
15-19 mins 7.0%
20-29 mins 24.2%
30-44 mins 33.4%
45-59 mins 4.0%
>60 mins 10.8%

POLAND Demographics

INDUSTRY

Industry % Distribution
Construction 11.8%
Educational Services 7.9%
Financial Industries 6.8%
Health Care & Social Assistance 20.5%
Manufacturing 9.7%
Retail & Wholesale Trader 13.2%
Other 30.1%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 32% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 19.9%
15-19 8.7%
20-24 3.5%
25-44 23.3%
45-65 28.8%
66+ 15.7%
OCCUPATION

Occupation % Distribution
Construction 5.6%
Healthcare 12.8%
Management, Business, & Financial 15.3%
Natural Resources Maintenance 12.4%
Production & Transportation 12.5%
Sales & Office 26.5%
Other 14.9%
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 12.8%
High School 35.6%
Masters Degree 8.0%
Some College 19.0%
Some High School 8.5%
Other 16.2%

1662 Newport Rd Comps

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