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This page contains information about each property aggregated from public data sources, 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.

218 County Route 40 Mexico, NY 13114

3 Beds 1 Baths 888 sqft Built 1910
Last updated:  Nov 28, 2019

INVESTimate

$157,648

$150K - $166K

Price Est.

$890

769 - $1.0K

Rent Est.

$168,904  ( +7.14%)   1 YR EST. FORECAST

218 County Route 40 PROPERTY INFO

FACTS
  • Built In 1910
  • Price/Sqft : $177.53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 888 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
218 County Route 40, Mexico, NY 13114 is a single family home of 888 sqft. HomeUnion estimate for 218 County Route 40 includes a Price Estimate of $157,648 and a Rent Estimate of $890. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1910. This property has an estimated 15 year annualized Yield of 6.77% and Total Return of 13.59%. The estimated 1 year forecast in home value for 218 County Route 40 is 7.14%.
  
  
  

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218 County Route 40 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MEXICO HIGH SCHOOL High Regular 714 55 5

MEXICO HIGH SCHOOL

  • Education Level: High
  • # of students: 714
  • # of teachers: 55
5
GreatSchools Rating
 

Financial Details

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Neighborhood

MEXICO

  • 6,646

    POPULATION
  • 2,474

    HOUSEHOLDS
  • 51.0%

    WHITE COLLAR

Neighborhood : MEXICO

HOUSEHOLDS
2,474
POPULATION

6,646

22.0%Renters
78.0%Home Owners
LABOR FORCE

 

51.0%White Collar
49.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $890 per month.

MY RENT : $890 MEDIAN RENT : $1,158

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 7.6%
$900-999 13.0%
$1,000-1,499 71.0%
>=$1,500 8.4%
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 $890 would therefore be considered affordable for annual household incomes greater than $35,600 (12 months x 3.333 x $890).

Rent % Affordability
Above $500 84.9%
Above $700 78.2%
Above $1,100 63.6%
Above $1,500 48.3%
Above $1,900 35.0%
HOUSEHOLD INCOME RANGE

Approximately 1,441 of households in this neighborhood have a total annual income of $35,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $890 per month.

MINIMUM INCOME RANGE : $35,600

Income % Distribution
<$20K 15.1%
$20K-$35K 12.1%
$35K-$60K 24.5%
$60K-$100K 26.1%
>=$100K 22.2%
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.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 13.4%
10-14 mins 6.5%
15-19 mins 13.5%
20-29 mins 24.6%
30-44 mins 23.0%
45-59 mins 7.1%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $890 per month.

MY RENT : $890 MEDIAN RENT : $1,158

Rent % Distribution
$500-699 0.0%
$700-899 7.6%
$900-999 13.0%
$1,000-1,499 71.0%
>=$1,500 8.4%
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 $890 would therefore be considered affordable for annual household incomes greater than $35,600 (12 months x 3.333 x $890).

Rent % Affordability
Above $500 84.9%
Above $700 78.2%
Above $1,100 63.6%
Above $1,500 48.3%
Above $1,900 35.0%
HOUSEHOLD INCOME RANGE

Approximately 1,441 of households in this neighborhood have a total annual income of $35,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $890 per month.

MINIMUM INCOME RANGE : $35,600

Income % Distribution
<$20K 15.1%
$20K-$35K 12.1%
$35K-$60K 24.5%
$60K-$100K 26.1%
>=$100K 22.2%
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.

Time (mins) % Distribution
<5 mins 6.6%
5-9 mins 13.4%
10-14 mins 6.5%
15-19 mins 13.5%
20-29 mins 24.6%
30-44 mins 23.0%
45-59 mins 7.1%
>60 mins 5.4%

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%

218 County Route 40 Comps

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