Financial Details228 Akehurst Ave PROPERTY INFO
FACTS
- Built In 1923
- Price/Sqft : $57.70
CONSTRUCTION
- Beds : 2
- Floor Size : 1,200 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
228 Akehurst Ave, Sylvan Beach, NY 13157 is a single family home of 1,200 sqft. HomeUnion estimate for 228 Akehurst Ave includes a Price Estimate of $69,246 and a Rent Estimate of $1,026. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1923. This property has an estimated 15 year annualized Yield of 17.78% and Total Return of 22.78%. The estimated 1 year forecast in home value for 228 Akehurst Ave is 3.61%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
228 Akehurst Ave SCHOOLS
Financial Details
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SYLVAN BEACH
Neighborhood : SYLVAN BEACH
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,026 per month.
MY RENT : $1,026 MEDIAN RENT : $1,107
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 $1,026 would therefore be considered affordable for annual household incomes greater than $41,040 (12 months x 3.333 x $1,026).
HOUSEHOLD INCOME RANGE
Approximately 64 of households in this neighborhood have a total annual income of $41,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,026 per month.
MINIMUM INCOME RANGE : $41,040
COMMUTE TIME DISTRIBUTION
85% of the working population has a commute time of 15 to 44 minutes, 5% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.
SYLVAN BEACH Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 17.7% |
| Construction | 4.2% |
| Health Care & Social Assistance | 9.4% |
| Manufacturing | 18.8% |
| Public Administration | 9.4% |
| Retail & Wholesale Trader | 20.8% |
| Other | 19.8% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 18% is 24 or younger and 32% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 11.4% |
| 15-19 | 5.4% |
| 20-24 | 1.5% |
| 25-44 | 12.3% |
| 45-65 | 37.5% |
| 66+ | 31.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 10.8% |
| Healthcare | 6.0% |
| Management, Business, & Financial | 20.5% |
| Production & Transportation | 21.7% |
| Sales & Office | 26.5% |
| Social | 4.8% |
| Other | 9.6% |
HIGHEST EDUCATION LEVEL
11% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 8.0% |
| High School | 38.1% |
| Professional | 1.7% |
| Some College | 22.1% |
| Some High School | 18.0% |
| Other | 12.1% |
228 Akehurst Ave Comps
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