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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

1761 Hoffman Hollow Rd Lowman, NY 14861

3 Beds 1 Baths 1,328 sqft Built 1975
Last updated:  Jan 23, 2020

INVESTimate

$125,621

$118K - $133K

Price Est.

$1,709

$1.3K - $2.1K

Rent Est.

$133,937  ( +6.62%)   1 YR EST. FORECAST
  
  
  

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1761 Hoffman Hollow Rd PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $94.59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,328 sqft
  • Baths : 1 Full

1761 Hoffman Hollow Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FASSETT ELEMENTARY SCHOOL Primary Regular 402 28 NA
ERNIE DAVIS MIDDLE SCHOOL Middle Regular 705 55 6
SOUTHSIDE HIGH SCHOOL High Regular 1,052 69 4

FASSETT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 402
  • # of teachers: 28
0
GreatSchools Rating

ERNIE DAVIS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 705
  • # of teachers: 55
6
GreatSchools Rating

SOUTHSIDE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,052
  • # of teachers: 69
4
GreatSchools Rating
 

Financial Details

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Neighborhood

LOWMAN

  • 1,589

    POPULATION
  • 702

    HOUSEHOLDS
  • 54.0%

    WHITE COLLAR

Neighborhood : LOWMAN

HOUSEHOLDS
702
POPULATION

1,589

13.7%Renters
86.3%Home Owners
LABOR FORCE

 

54.0%White Collar
46.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,709 per month.

MY RENT : $1,709 MEDIAN RENT : $1,605

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 32.5%
>=$1,500 67.5%
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 $1,709 would therefore be considered affordable for annual household incomes greater than $68,360 (12 months x 3.333 x $1,709).

Rent % Affordability
Above $500 87.2%
Above $700 79.6%
Above $1,100 59.2%
Above $1,500 45.0%
Above $1,900 32.8%
HOUSEHOLD INCOME RANGE

Approximately 196 of households in this neighborhood have a total annual income of $68,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,709 per month.

MINIMUM INCOME RANGE : $68,360

Income % Distribution
<$20K 12.8%
$20K-$35K 14.5%
$35K-$60K 27.7%
$60K-$100K 25.1%
>=$100K 19.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 8.4%
10-14 mins 13.0%
15-19 mins 19.0%
20-29 mins 30.5%
30-44 mins 15.5%
45-59 mins 7.3%
>60 mins 4.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,709 per month.

MY RENT : $1,709 MEDIAN RENT : $1,605

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 32.5%
>=$1,500 67.5%
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 $1,709 would therefore be considered affordable for annual household incomes greater than $68,360 (12 months x 3.333 x $1,709).

Rent % Affordability
Above $500 87.2%
Above $700 79.6%
Above $1,100 59.2%
Above $1,500 45.0%
Above $1,900 32.8%
HOUSEHOLD INCOME RANGE

Approximately 196 of households in this neighborhood have a total annual income of $68,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,709 per month.

MINIMUM INCOME RANGE : $68,360

Income % Distribution
<$20K 12.8%
$20K-$35K 14.5%
$35K-$60K 27.7%
$60K-$100K 25.1%
>=$100K 19.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 8.4%
10-14 mins 13.0%
15-19 mins 19.0%
20-29 mins 30.5%
30-44 mins 15.5%
45-59 mins 7.3%
>60 mins 4.3%

LOWMAN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.3%
Construction 9.2%
Health Care & Social Assistance 18.8%
Manufacturing 13.8%
Public Administration 9.5%
Retail & Wholesale Trader 12.2%
Other 28.3%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 26% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 15.0%
15-19 6.1%
20-24 4.7%
25-44 19.5%
45-65 34.0%
66+ 20.7%
OCCUPATION

Occupation % Distribution
Healthcare 9.8%
Management, Business, & Financial 14.2%
Natural Resources Maintenance 12.1%
Production & Transportation 17.8%
Sales & Office 17.9%
Social 5.9%
Other 22.4%
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 11.9%
High School 46.5%
Masters Degree 4.9%
Some College 17.8%
Some High School 7.5%
Other 11.4%

1761 Hoffman Hollow Rd Comps

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1761 Hoffman Hollow Rd, Lowman, NY 14861 is a single family home of 1,328 sqft. HomeUnion INVESTimateĀ® for 1761 Hoffman Hollow Rd includes a Price Estimate of $125,621 and a Rent Estimate of $1,709. This single family home has 3 bedrooms,1 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 16.33% and Total Return of 42.78%. The estimated 1 year forecast in home value for 1761 Hoffman Hollow Rd is 6.62%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHEMUNG County , or the 14861 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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