INVESTimate
$44,446
220 Potter Rd PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $79.29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,568 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
220 Potter Rd, Mexico, NY 13114 is a single family home of 1,568 sqft. HomeUnion estimate for 220 Potter Rd includes a Price Estimate of $124,325 and a Rent Estimate of $1,116. This single family home has 3 bedrooms, 2 bathrooms, and was built in 2000. This property has an estimated 15 year annualized Yield of 10.77% and Total Return of 19.15%. The estimated 1 year forecast in home value for 220 Potter Rd is 7.14%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
220 Potter Rd SCHOOLS
Financial Details
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MEXICO
Neighborhood : MEXICO
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,116 per month.
MY RENT : $1,116 MEDIAN RENT : $1,083
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 $1,116 would therefore be considered affordable for annual household incomes greater than $44,640 (12 months x 3.333 x $1,116).
HOUSEHOLD INCOME RANGE
Approximately 1,304 of households in this neighborhood have a total annual income of $44,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,116 per month.
MINIMUM INCOME RANGE : $44,640
COMMUTE TIME DISTRIBUTION
56% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
MEXICO Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 8.2% |
Educational Services | 10.3% |
Health Care & Social Assistance | 11.2% |
Manufacturing | 10.8% |
Retail & Wholesale Trader | 17.1% |
Transportation | 9.9% |
Other | 32.5% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 33% is 24 or younger and 13% is 65 or older.
Age | % Distribution |
---|---|
<15 | 17.8% |
15-19 | 7.5% |
20-24 | 7.3% |
25-44 | 23.6% |
45-65 | 30.7% |
66+ | 13.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 6.9% |
Management, Business, & Financial | 12.3% |
Natural Resources Maintenance | 15.5% |
Production & Transportation | 16.3% |
Protect | 5.5% |
Sales & Office | 21.9% |
Other | 21.6% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 13.0% |
High School | 41.5% |
Masters Degree | 4.9% |
Some College | 20.3% |
Some High School | 9.1% |
Other | 11.1% |
220 Potter Rd Comps
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