INVESTimate
$67,945
Financial Details224 Lord Rd PROPERTY INFO
FACTS
- Built In 1948
- Price/Sqft : $187.83
CONSTRUCTION
- Beds : 3
- Floor Size : 1,134 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
224 Lord Rd, Nineveh, NY 13813 is a single family home of 1,134 sqft. HomeUnion estimate for 224 Lord Rd includes a Price Estimate of $213,001 and a Rent Estimate of $1,824. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 10.28% and Total Return of 17.03%. The estimated 1 year forecast in home value for 224 Lord Rd is -0.97%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
224 Lord Rd SCHOOLS
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Financial Details
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NINEVEH
Neighborhood : NINEVEH
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 $1,824 per month.
MY RENT : $1,824 MEDIAN RENT : $1,927
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 $1,824 would therefore be considered affordable for annual household incomes greater than $72,960 (12 months x 3.333 x $1,824).
HOUSEHOLD INCOME RANGE
Approximately 76 of households in this neighborhood have a total annual income of $72,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,824 per month.
MINIMUM INCOME RANGE : $72,960
COMMUTE TIME DISTRIBUTION
64% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.
NINEVEH Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 17.0% |
| Educational Services | 25.8% |
| Health Care & Social Assistance | 12.1% |
| Manufacturing | 8.2% |
| Professional & Scientific Tech Services | 6.5% |
| Retail & Wholesale Trader | 6.5% |
| Other | 23.9% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 14% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 23.1% |
| 15-19 | 5.8% |
| 20-24 | 5.5% |
| 25-44 | 21.4% |
| 45-65 | 30.3% |
| 66+ | 13.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 2.9% |
| Healthcare | 2.3% |
| Management, Business, & Financial | 22.8% |
| Natural Resources Maintenance | 22.8% |
| Production & Transportation | 18.7% |
| Sales & Office | 24.0% |
| Other | 6.4% |
HIGHEST EDUCATION LEVEL
25% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 8.9% |
| High School | 42.0% |
| Masters Degree | 13.7% |
| Some College | 8.1% |
| Some High School | 20.4% |
| Other | 6.8% |
224 Lord Rd Comps
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