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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

2066 Richardson Rd Collins, NY 14034

4 Beds 1 Baths 2,496 sqft Built 1922
Last updated:  Oct 23, 2019

INVESTimate

$175,840

$164K - $188K

Price Est.

$1,848

$1.7K - $2.0K

Rent Est.

$182,434  ( +3.75%)   1 YR EST. FORECAST
  
  
  

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2066 Richardson Rd PROPERTY INFO

FACTS
  • Built In 1922
  • Price/Sqft : $70.45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,496 sqft
  • Baths : 1 Full

2066 Richardson Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GOWANDA ELEMENTARY SCHOOL Primary Regular 502 44 5
GOWANDA MIDDLE SCHOOL Middle Regular 388 38 5
GOWANDA HIGH SCHOOL High Regular 415 40 5

GOWANDA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 44
5
GreatSchools Rating

GOWANDA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 388
  • # of teachers: 38
5
GreatSchools Rating

GOWANDA HIGH SCHOOL

  • Education Level: High
  • # of students: 415
  • # of teachers: 40
5
GreatSchools Rating
 

Financial Details

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Neighborhood

COLLINS

  • 1,918

    POPULATION
  • 770

    HOUSEHOLDS
  • 48.6%

    WHITE COLLAR

Neighborhood : COLLINS

HOUSEHOLDS
770
POPULATION

1,918

12.5%Renters
87.5%Home Owners
LABOR FORCE

 

48.6%White Collar
51.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,848 per month.

MY RENT : $1,848 MEDIAN RENT : $1,571

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 33.2%
>=$1,500 66.8%
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 $1,848 would therefore be considered affordable for annual household incomes greater than $73,920 (12 months x 3.333 x $1,848).

Rent % Affordability
Above $500 85.3%
Above $700 74.1%
Above $1,100 59.7%
Above $1,500 48.9%
Above $1,900 35.9%
HOUSEHOLD INCOME RANGE

Approximately 213 of households in this neighborhood have a total annual income of $73,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,848 per month.

MINIMUM INCOME RANGE : $73,920

Income % Distribution
<$20K 14.7%
$20K-$35K 19.3%
$35K-$60K 17.1%
$60K-$100K 28.8%
>=$100K 20.1%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 14.1%
10-14 mins 15.7%
15-19 mins 8.8%
20-29 mins 17.7%
30-44 mins 21.5%
45-59 mins 13.3%
>60 mins 6.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,848 per month.

MY RENT : $1,848 MEDIAN RENT : $1,571

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 33.2%
>=$1,500 66.8%
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 $1,848 would therefore be considered affordable for annual household incomes greater than $73,920 (12 months x 3.333 x $1,848).

Rent % Affordability
Above $500 85.3%
Above $700 74.1%
Above $1,100 59.7%
Above $1,500 48.9%
Above $1,900 35.9%
HOUSEHOLD INCOME RANGE

Approximately 213 of households in this neighborhood have a total annual income of $73,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,848 per month.

MINIMUM INCOME RANGE : $73,920

Income % Distribution
<$20K 14.7%
$20K-$35K 19.3%
$35K-$60K 17.1%
$60K-$100K 28.8%
>=$100K 20.1%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 14.1%
10-14 mins 15.7%
15-19 mins 8.8%
20-29 mins 17.7%
30-44 mins 21.5%
45-59 mins 13.3%
>60 mins 6.5%

COLLINS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.7%
Educational Services 10.2%
Health Care & Social Assistance 19.1%
Manufacturing 10.3%
Public Administration 7.5%
Retail & Wholesale Trader 10.2%
Other 33.1%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 22% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 14.2%
15-19 3.0%
20-24 4.6%
25-44 22.8%
45-65 33.3%
66+ 22.1%
OCCUPATION

Occupation % Distribution
Healthcare 17.6%
Management, Business, & Financial 7.7%
Natural Resources Maintenance 13.8%
PCare 8.9%
Production & Transportation 13.3%
Sales & Office 18.8%
Other 19.8%
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 15.4%
High School 39.5%
Masters Degree 4.8%
Some College 17.8%
Some High School 9.3%
Other 13.2%

2066 Richardson Rd Comps

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2066 Richardson Rd, Collins, NY 14034 is a single family home of 2,496 sqft. HomeUnion INVESTimateĀ® for 2066 Richardson Rd includes a Price Estimate of $175,840 and a Rent Estimate of $1,848. This single family home has 4 bedrooms,1 bathrooms, and was built in 1922. This property has an estimated 15 year annualized Yield of 12.61% and Total Return of 22.76%. The estimated 1 year forecast in home value for 2066 Richardson Rd is 3.75%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ERIE County , or the 14034 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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