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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

1981 Lake Rd Hamlin, NY 14464

3 Beds 1 Baths 1,146 sqft Built 1959
Last updated:  Jan 23, 2020

INVESTimate

$120,062

$113K - $127K

Price Est.

$1,496

$1.3K - $1.7K

Rent Est.

$123,796  ( +3.11%)   1 YR EST. FORECAST
  
  
  

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1981 Lake Rd PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $104.77
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,146 sqft
  • Baths : 1 Full

1981 Lake Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BARCLAY ELEMENTARY SCHOOL Primary Regular 532 35 NA
OLIVER MIDDLE SCHOOL Middle Regular 908 72 NA
BROCKPORT HIGH SCHOOL High Regular 1,270 106 6

BARCLAY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 532
  • # of teachers: 35
-1
GreatSchools Rating

OLIVER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 908
  • # of teachers: 72
-1
GreatSchools Rating

BROCKPORT HIGH SCHOOL

  • Education Level: High
  • # of students: 1,270
  • # of teachers: 106
6
GreatSchools Rating
 

Financial Details

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Neighborhood

HAMLIN

  • 7,610

    POPULATION
  • 2,796

    HOUSEHOLDS
  • 57.4%

    WHITE COLLAR

Neighborhood : HAMLIN

HOUSEHOLDS
2,796
POPULATION

7,610

13.4%Renters
86.6%Home Owners
LABOR FORCE

 

57.4%White Collar
42.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,496 per month.

MY RENT : $1,496 MEDIAN RENT : $1,686

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 15.4%
>=$1,500 84.3%
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 $1,496 would therefore be considered affordable for annual household incomes greater than $59,840 (12 months x 3.333 x $1,496).

Rent % Affordability
Above $500 88.7%
Above $700 78.6%
Above $1,100 60.8%
Above $1,500 48.1%
Above $1,900 36.9%
HOUSEHOLD INCOME RANGE

Approximately 1,347 of households in this neighborhood have a total annual income of $59,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,496 per month.

MINIMUM INCOME RANGE : $59,840

Income % Distribution
<$20K 11.3%
$20K-$35K 18.0%
$35K-$60K 22.5%
$60K-$100K 23.2%
>=$100K 25.0%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 17% 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 2.6%
5-9 mins 3.9%
10-14 mins 10.3%
15-19 mins 9.3%
20-29 mins 21.9%
30-44 mins 37.0%
45-59 mins 9.6%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,496 per month.

MY RENT : $1,496 MEDIAN RENT : $1,686

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 15.4%
>=$1,500 84.3%
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 $1,496 would therefore be considered affordable for annual household incomes greater than $59,840 (12 months x 3.333 x $1,496).

Rent % Affordability
Above $500 88.7%
Above $700 78.6%
Above $1,100 60.8%
Above $1,500 48.1%
Above $1,900 36.9%
HOUSEHOLD INCOME RANGE

Approximately 1,347 of households in this neighborhood have a total annual income of $59,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,496 per month.

MINIMUM INCOME RANGE : $59,840

Income % Distribution
<$20K 11.3%
$20K-$35K 18.0%
$35K-$60K 22.5%
$60K-$100K 23.2%
>=$100K 25.0%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 17% 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 2.6%
5-9 mins 3.9%
10-14 mins 10.3%
15-19 mins 9.3%
20-29 mins 21.9%
30-44 mins 37.0%
45-59 mins 9.6%
>60 mins 5.4%

HAMLIN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.0%
Educational Services 10.7%
Health Care & Social Assistance 17.1%
Manufacturing 13.7%
Professional & Scientific Tech Services 4.8%
Retail & Wholesale Trader 20.9%
Other 24.8%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 33% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 17.3%
15-19 7.1%
20-24 8.5%
25-44 23.2%
45-65 30.7%
66+ 13.2%
OCCUPATION

Occupation % Distribution
Construction 5.9%
Healthcare 7.7%
Management, Business, & Financial 14.9%
Natural Resources Maintenance 7.4%
Production & Transportation 17.1%
Sales & Office 28.0%
Other 19.0%
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 13.0%
High School 32.6%
Masters Degree 7.6%
Some College 22.6%
Some High School 7.4%
Other 16.8%

1981 Lake Rd Comps

Sorry, we do not have sufficient data available.

1981 Lake Rd, Hamlin, NY 14464 is a single family home of 1,146 sqft. HomeUnion INVESTimateĀ® for 1981 Lake Rd includes a Price Estimate of $120,062 and a Rent Estimate of $1,496. This single family home has 3 bedrooms,1 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 14.95% and Total Return of 27.92%. The estimated 1 year forecast in home value for 1981 Lake Rd is 3.11%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , MONROE County , or the 14464 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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