INVESTimate
$72,599
Financial Details25 Chipman Ln PROPERTY INFO
FACTS
- Built In 1948
- Price/Sqft : $134.83
CONSTRUCTION
- Beds : 3
- Floor Size : 1,710 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
25 Chipman Ln, Sandy Creek, NY 13145 is a single family home of 1,710 sqft. HomeUnion estimate for 25 Chipman Ln includes a Price Estimate of $230,564 and a Rent Estimate of $1,188. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 6.18% and Total Return of 2.62%. The estimated 1 year forecast in home value for 25 Chipman Ln is 1.21%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
25 Chipman Ln SCHOOLS
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Financial Details
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SANDY CREEK
Neighborhood : SANDY CREEK
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 $1,188 per month.
MY RENT : $1,188 MEDIAN RENT : $1,023
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 $1,188 would therefore be considered affordable for annual household incomes greater than $47,520 (12 months x 3.333 x $1,188).
HOUSEHOLD INCOME RANGE
Approximately 423 of households in this neighborhood have a total annual income of $47,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,188 per month.
MINIMUM INCOME RANGE : $47,520
COMMUTE TIME DISTRIBUTION
45% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.
SANDY CREEK Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 10.0% |
| Construction | 10.2% |
| Educational Services | 11.1% |
| Health Care & Social Assistance | 12.5% |
| Manufacturing | 12.0% |
| Retail & Wholesale Trader | 13.2% |
| Other | 31.0% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 27% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 17.6% |
| 15-19 | 5.7% |
| 20-24 | 4.0% |
| 25-44 | 25.4% |
| 45-65 | 30.7% |
| 66+ | 16.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 6.0% |
| Healthcare | 7.9% |
| Management, Business, & Financial | 15.3% |
| Natural Resources Maintenance | 14.4% |
| Production & Transportation | 15.7% |
| Sales & Office | 23.5% |
| Other | 17.1% |
HIGHEST EDUCATION LEVEL
17% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 11.3% |
| High School | 40.7% |
| Masters Degree | 5.3% |
| Some College | 24.1% |
| Some High School | 10.5% |
| Other | 8.0% |
25 Chipman Ln Comps
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