INVESTimate
$63,396
Financial Details2023 Davis Rd PROPERTY INFO
FACTS
- Built In 1925
- Price/Sqft : $103.29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,896 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
2023 Davis Rd, West Falls, NY 14170 is a single family home of 1,896 sqft. HomeUnion estimate for 2023 Davis Rd includes a Price Estimate of $195,833 and a Rent Estimate of $2,088. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1925. This property has an estimated 15 year annualized Yield of 12.79% and Total Return of 23.18%. The estimated 1 year forecast in home value for 2023 Davis Rd is 7.89%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2023 Davis Rd SCHOOLS
Financial Details
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WEST FALLS
Neighborhood : WEST FALLS
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,088 per month.
MY RENT : $2,088 MEDIAN RENT : $2,202
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 $2,088 would therefore be considered affordable for annual household incomes greater than $83,520 (12 months x 3.333 x $2,088).
HOUSEHOLD INCOME RANGE
Approximately 349 of households in this neighborhood have a total annual income of $83,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,088 per month.
MINIMUM INCOME RANGE : $83,520
COMMUTE TIME DISTRIBUTION
71% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
WEST FALLS Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 9.5% |
| Construction | 7.9% |
| Educational Services | 7.8% |
| Health Care & Social Assistance | 15.1% |
| Manufacturing | 11.1% |
| Retail & Wholesale Trader | 9.6% |
| Other | 39.1% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 31% is 24 or younger and 13% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.7% |
| 15-19 | 7.1% |
| 20-24 | 4.5% |
| 25-44 | 21.4% |
| 45-65 | 34.5% |
| 66+ | 12.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 9.1% |
| Healthcare | 17.2% |
| Management, Business, & Financial | 17.5% |
| Natural Resources Maintenance | 12.2% |
| Production & Transportation | 10.2% |
| Sales & Office | 19.7% |
| Other | 14.2% |
HIGHEST EDUCATION LEVEL
29% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 14.2% |
| High School | 26.5% |
| Masters Degree | 9.7% |
| Some College | 19.7% |
| Some High School | 6.1% |
| Other | 23.9% |
2023 Davis Rd Comps
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