INVESTimate
$48,912
1905 Main St PROPERTY INFO
FACTS
- Built In 1920
- Price/Sqft : $56.61
CONSTRUCTION
- Beds : 4
- Floor Size : 2,494 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
1905 Main St, Sylvan Beach, NY 13157 is a single family home of 2,494 sqft. HomeUnion estimate for 1905 Main St includes a Price Estimate of $141,178 and a Rent Estimate of $1,462. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 12.43% and Total Return of 16.30%. The estimated 1 year forecast in home value for 1905 Main St is 3.61%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1905 Main St SCHOOLS
Financial Details
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SYLVAN BEACH
Neighborhood : SYLVAN BEACH
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 18% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,462 per month.
MY RENT : $1,462 MEDIAN RENT : $1,111
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 $1,462 would therefore be considered affordable for annual household incomes greater than $58,480 (12 months x 3.333 x $1,462).
HOUSEHOLD INCOME RANGE
Approximately 58 of households in this neighborhood have a total annual income of $58,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,462 per month.
MINIMUM INCOME RANGE : $58,480
COMMUTE TIME DISTRIBUTION
84% of the working population has a commute time of 15 to 44 minutes, 6% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.
SYLVAN BEACH Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 24.4% |
Financial Industries | 4.7% |
Health Care & Social Assistance | 11.6% |
Manufacturing | 15.1% |
Public Administration | 5.8% |
Retail & Wholesale Trader | 15.1% |
Other | 23.3% |
AGE DISTRIBUTION
47% of the population is between the ages of 25 and 64, 11% is 24 or younger and 41% is 65 or older.
Age | % Distribution |
---|---|
<15 | 7.4% |
15-19 | 2.8% |
20-24 | 1.2% |
25-44 | 12.3% |
45-65 | 35.0% |
66+ | 41.4% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 10.7% |
Education | 12.0% |
Management, Business, & Financial | 24.0% |
Production & Transportation | 22.7% |
Sales & Office | 14.7% |
Social | 5.3% |
Other | 10.7% |
HIGHEST EDUCATION LEVEL
13% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 7.9% |
High School | 38.8% |
Masters Degree | 3.0% |
Some College | 21.1% |
Some High School | 14.5% |
Other | 14.8% |
1905 Main St Comps
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