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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

1687 Castle Rd Newport, NY 13416

0 Beds 0 Baths 672 sqft Built 1967
Last updated:  Dec 26, 2019

INVESTimate

$104,447

$97.3K - $112K

Price Est.

$901

691 - $1.1K

Rent Est.

$108,218  ( +3.61%)   1 YR EST. FORECAST
  
  
  

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1687 Castle Rd PROPERTY INFO

FACTS
  • Built In 1967
  • Price/Sqft : $155.43
CONSTRUCTION
  • Beds : 0
  • Floor Size : 672 sqft
  • Baths : 0 Full

1687 Castle Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WEST CANADA VALLEY ELEMENTARY SCHOOL Primary Regular 366 28 6
WEST CANADA VALLEY JUNIOR-SENIOR HIGH SCHOOL Middle Regular 381 29 7
WEST CANADA VALLEY JUNIOR-SENIOR HIGH SCHOOL High Regular 381 29 7

WEST CANADA VALLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 366
  • # of teachers: 28
6
GreatSchools Rating

WEST CANADA VALLEY JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 381
  • # of teachers: 29
7
GreatSchools Rating

WEST CANADA VALLEY JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 381
  • # of teachers: 29
7
GreatSchools Rating
 

Financial Details

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Neighborhood

NEWPORT

  • 2,274

    POPULATION
  • 897

    HOUSEHOLDS
  • 51.5%

    WHITE COLLAR

Neighborhood : NEWPORT

HOUSEHOLDS
897
POPULATION

2,274

17.8%Renters
82.2%Home Owners
LABOR FORCE

 

51.5%White Collar
48.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $901 per month.

MY RENT : $901 MEDIAN RENT : $1,271

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.0%
$900-999 4.3%
$1,000-1,499 75.2%
>=$1,500 19.5%
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 $901 would therefore be considered affordable for annual household incomes greater than $36,040 (12 months x 3.333 x $901).

Rent % Affordability
Above $500 84.0%
Above $700 73.7%
Above $1,100 57.3%
Above $1,500 45.6%
Above $1,900 36.6%
HOUSEHOLD INCOME RANGE

Approximately 489 of households in this neighborhood have a total annual income of $36,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $901 per month.

MINIMUM INCOME RANGE : $36,040

Income % Distribution
<$20K 16.0%
$20K-$35K 16.1%
$35K-$60K 22.3%
$60K-$100K 21.8%
>=$100K 23.9%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 8.8%
10-14 mins 5.9%
15-19 mins 7.0%
20-29 mins 22.0%
30-44 mins 35.1%
45-59 mins 9.3%
>60 mins 7.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $901 per month.

MY RENT : $901 MEDIAN RENT : $1,271

Rent % Distribution
$500-699 0.0%
$700-899 1.0%
$900-999 4.3%
$1,000-1,499 75.2%
>=$1,500 19.5%
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 $901 would therefore be considered affordable for annual household incomes greater than $36,040 (12 months x 3.333 x $901).

Rent % Affordability
Above $500 84.0%
Above $700 73.7%
Above $1,100 57.3%
Above $1,500 45.6%
Above $1,900 36.6%
HOUSEHOLD INCOME RANGE

Approximately 489 of households in this neighborhood have a total annual income of $36,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $901 per month.

MINIMUM INCOME RANGE : $36,040

Income % Distribution
<$20K 16.0%
$20K-$35K 16.1%
$35K-$60K 22.3%
$60K-$100K 21.8%
>=$100K 23.9%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 8.8%
10-14 mins 5.9%
15-19 mins 7.0%
20-29 mins 22.0%
30-44 mins 35.1%
45-59 mins 9.3%
>60 mins 7.6%

NEWPORT Demographics

INDUSTRY

Industry % Distribution
Construction 11.4%
Educational Services 11.1%
Health Care & Social Assistance 17.6%
Manufacturing 12.3%
Public Administration 6.4%
Retail & Wholesale Trader 13.2%
Other 28.0%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 30% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 18.7%
15-19 7.1%
20-24 4.5%
25-44 22.1%
45-65 32.2%
66+ 15.3%
OCCUPATION

Occupation % Distribution
Construction 5.3%
Healthcare 8.0%
Management, Business, & Financial 14.1%
Natural Resources Maintenance 18.4%
Production & Transportation 15.8%
Sales & Office 22.4%
Other 15.8%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 15.8%
High School 38.5%
Masters Degree 6.1%
Some College 18.3%
Some High School 10.5%
Other 10.9%

1687 Castle Rd Comps

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1687 Castle Rd, Newport, NY 13416 is a single family home of 672 sqft. HomeUnion INVESTimateĀ® for 1687 Castle Rd includes a Price Estimate of $104,447 and a Rent Estimate of $901. This single family home has 0 bedrooms,0 bathrooms, and was built in 1967. This property has an estimated 15 year annualized Yield of 10.35% and Total Return of 13.96%. The estimated 1 year forecast in home value for 1687 Castle Rd is 3.61%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , HERKIMER County , or the 13416 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 13406