INVESTimate
$94,495
215 Lee Rd PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $96.07
CONSTRUCTION
- Beds : 4
- Floor Size : 3,260 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
215 Lee Rd, Mexico, NY 13114 is a single family home of 3,260 sqft. HomeUnion estimate for 215 Lee Rd includes a Price Estimate of $313,188 and a Rent Estimate of $1,571. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 6.02% and Total Return of 11.83%. The estimated 1 year forecast in home value for 215 Lee Rd is 7.14%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
215 Lee Rd SCHOOLS
Financial Details
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MEXICO
Neighborhood : MEXICO
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,571 per month.
MY RENT : $1,571 MEDIAN RENT : $1,158
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 $1,571 would therefore be considered affordable for annual household incomes greater than $62,840 (12 months x 3.333 x $1,571).
HOUSEHOLD INCOME RANGE
Approximately 790 of households in this neighborhood have a total annual income of $62,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,571 per month.
MINIMUM INCOME RANGE : $62,840
COMMUTE TIME DISTRIBUTION
61% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
MEXICO Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 8.8% |
Construction | 9.0% |
Educational Services | 11.0% |
Health Care & Social Assistance | 12.1% |
Manufacturing | 13.7% |
Retail & Wholesale Trader | 13.2% |
Other | 32.1% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 32% is 24 or younger and 14% is 65 or older.
Age | % Distribution |
---|---|
<15 | 17.6% |
15-19 | 8.2% |
20-24 | 6.7% |
25-44 | 24.3% |
45-65 | 29.7% |
66+ | 13.6% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 8.2% |
Management, Business, & Financial | 11.9% |
Natural Resources Maintenance | 15.8% |
Production & Transportation | 16.5% |
Protect | 6.5% |
Sales & Office | 18.9% |
Other | 22.2% |
HIGHEST EDUCATION LEVEL
22% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 14.0% |
High School | 40.2% |
Masters Degree | 5.9% |
Some College | 18.0% |
Some High School | 10.2% |
Other | 11.7% |
215 Lee Rd Comps
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