INVESTimate
$70,580
Financial Details202 Guinea Rd PROPERTY INFO
FACTS
- Built In 1975
- Price/Sqft : $110.59
CONSTRUCTION
- Beds : 3
- Floor Size : 2,016 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
202 Guinea Rd, Gilboa, NY 12076 is a single family home of 2,016 sqft. HomeUnion estimate for 202 Guinea Rd includes a Price Estimate of $222,942 and a Rent Estimate of $2,185. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 11.76% and Total Return of 28.49%. The estimated 1 year forecast in home value for 202 Guinea Rd is 1.73%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
202 Guinea Rd SCHOOLS
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Financial Details
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GILBOA
Neighborhood : GILBOA
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 $2,185 per month.
MY RENT : $2,185 MEDIAN RENT : $1,535
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 $2,185 would therefore be considered affordable for annual household incomes greater than $87,400 (12 months x 3.333 x $2,185).
HOUSEHOLD INCOME RANGE
Approximately 121 of households in this neighborhood have a total annual income of $87,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,185 per month.
MINIMUM INCOME RANGE : $87,400
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.
GILBOA Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 12.4% |
| Construction | 15.1% |
| Educational Services | 17.1% |
| Health Care & Social Assistance | 8.3% |
| Retail & Wholesale Trader | 9.5% |
| Transportation | 6.9% |
| Other | 30.7% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 23% is 24 or younger and 23% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 11.8% |
| 15-19 | 6.4% |
| 20-24 | 4.5% |
| 25-44 | 22.0% |
| 45-65 | 32.0% |
| 66+ | 23.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 4.9% |
| Construction | 9.0% |
| Management, Business, & Financial | 14.0% |
| Natural Resources Maintenance | 17.1% |
| Production & Transportation | 19.1% |
| Sales & Office | 18.1% |
| Other | 17.8% |
HIGHEST EDUCATION LEVEL
19% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 10.5% |
| High School | 41.9% |
| Masters Degree | 6.1% |
| Some College | 20.0% |
| Some High School | 10.1% |
| Other | 11.4% |
202 Guinea Rd Comps
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