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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.

234 County Route 40 Mexico, NY 13114

3 Beds 2 Baths 1,685 sqft Built 1923
Last updated:  Nov 28, 2019

INVESTimate

$45,119

$43.1K - $47.1K

Price Est.

$1,255

$1.1K - $1.4K

Rent Est.

$48,340  ( +7.14%)   1 YR EST. FORECAST

234 County Route 40 PROPERTY INFO

FACTS
  • Built In 1923
  • Price/Sqft : $26.78
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,685 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
234 County Route 40, Mexico, NY 13114 is a single family home of 1,685 sqft. HomeUnion estimate for 234 County Route 40 includes a Price Estimate of $45,119 and a Rent Estimate of $1,255. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1923. This property has an estimated 15 year annualized Yield of 33.38% and Total Return of 30.04%. The estimated 1 year forecast in home value for 234 County Route 40 is 7.14%.
  
  
  

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234 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

  • 6,658

    POPULATION
  • 2,433

    HOUSEHOLDS
  • 52.0%

    WHITE COLLAR

Neighborhood : MEXICO

HOUSEHOLDS
2,433
POPULATION

6,658

22.1%Renters
77.9%Home Owners
LABOR FORCE

 

52.0%White Collar
48.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,255 per month.

MY RENT : $1,255 MEDIAN RENT : $1,083

Rent % Distribution LEVEL
$500-699 0.1%
$700-899 15.6%
$900-999 18.0%
$1,000-1,499 59.8%
>=$1,500 6.6%
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 $1,255 would therefore be considered affordable for annual household incomes greater than $50,200 (12 months x 3.333 x $1,255).

Rent % Affordability
Above $500 84.2%
Above $700 78.5%
Above $1,100 60.4%
Above $1,500 47.3%
Above $1,900 33.8%
HOUSEHOLD INCOME RANGE

Approximately 1,249 of households in this neighborhood have a total annual income of $50,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,255 per month.

MINIMUM INCOME RANGE : $50,200

Income % Distribution
<$20K 15.8%
$20K-$35K 12.5%
$35K-$60K 24.4%
$60K-$100K 27.4%
>=$100K 19.9%
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.

Time (mins) % Distribution
<5 mins 5.7%
5-9 mins 15.3%
10-14 mins 8.7%
15-19 mins 12.3%
20-29 mins 22.5%
30-44 mins 21.1%
45-59 mins 9.5%
>60 mins 4.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,255 per month.

MY RENT : $1,255 MEDIAN RENT : $1,083

Rent % Distribution
$500-699 0.1%
$700-899 15.6%
$900-999 18.0%
$1,000-1,499 59.8%
>=$1,500 6.6%
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 $1,255 would therefore be considered affordable for annual household incomes greater than $50,200 (12 months x 3.333 x $1,255).

Rent % Affordability
Above $500 84.2%
Above $700 78.5%
Above $1,100 60.4%
Above $1,500 47.3%
Above $1,900 33.8%
HOUSEHOLD INCOME RANGE

Approximately 1,249 of households in this neighborhood have a total annual income of $50,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,255 per month.

MINIMUM INCOME RANGE : $50,200

Income % Distribution
<$20K 15.8%
$20K-$35K 12.5%
$35K-$60K 24.4%
$60K-$100K 27.4%
>=$100K 19.9%
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.

Time (mins) % Distribution
<5 mins 5.7%
5-9 mins 15.3%
10-14 mins 8.7%
15-19 mins 12.3%
20-29 mins 22.5%
30-44 mins 21.1%
45-59 mins 9.5%
>60 mins 4.9%

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%

234 County Route 40 Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , OSWEGO County , or the 13114 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

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