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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.

253 Midland Rd Nineveh, NY 13813

0 Beds 0 Baths 980 sqft Built 1987
Last updated:  Nov 28, 2019

INVESTimate

$120,201

$110K - $130K

Price Est.

$1,850

$1.6K - $2.1K

Rent Est.

$119,035  ( -0.97%)   1 YR EST. FORECAST

253 Midland Rd PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $122.65
CONSTRUCTION
  • Beds : 0
  • Floor Size : 980 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
253 Midland Rd, Nineveh, NY 13813 is a single family home of 980 sqft. HomeUnion estimate for 253 Midland Rd includes a Price Estimate of $120,201 and a Rent Estimate of $1,850. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1987. This property has an estimated 15 year annualized Yield of 18.47% and Total Return of 32.54%. The estimated 1 year forecast in home value for 253 Midland Rd is -0.97%.
  
  
  

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253 Midland Rd SCHOOLS

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Financial Details

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Neighborhood

NINEVEH

  • 986

    POPULATION
  • 305

    HOUSEHOLDS
  • 54.3%

    WHITE COLLAR

Neighborhood : NINEVEH

HOUSEHOLDS
305
POPULATION

986

21.4%Renters
78.6%Home Owners
LABOR FORCE

 

54.3%White Collar
45.7%Blue Collar
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 $1,850 per month.

MY RENT : $1,850 MEDIAN RENT : $1,927

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $1,850 would therefore be considered affordable for annual household incomes greater than $74,000 (12 months x 3.333 x $1,850).

Rent % Affordability
Above $500 85.9%
Above $700 78.5%
Above $1,100 60.4%
Above $1,500 39.8%
Above $1,900 32.4%
HOUSEHOLD INCOME RANGE

Approximately 75 of households in this neighborhood have a total annual income of $74,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,850 per month.

MINIMUM INCOME RANGE : $74,000

Income % Distribution
<$20K 14.1%
$20K-$35K 17.8%
$35K-$60K 28.3%
$60K-$100K 20.4%
>=$100K 19.4%
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.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 27.9%
10-14 mins 3.4%
15-19 mins 10.7%
20-29 mins 33.6%
30-44 mins 20.1%
45-59 mins 1.7%
>60 mins 0.7%
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 $1,850 per month.

MY RENT : $1,850 MEDIAN RENT : $1,927

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $1,850 would therefore be considered affordable for annual household incomes greater than $74,000 (12 months x 3.333 x $1,850).

Rent % Affordability
Above $500 85.9%
Above $700 78.5%
Above $1,100 60.4%
Above $1,500 39.8%
Above $1,900 32.4%
HOUSEHOLD INCOME RANGE

Approximately 75 of households in this neighborhood have a total annual income of $74,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,850 per month.

MINIMUM INCOME RANGE : $74,000

Income % Distribution
<$20K 14.1%
$20K-$35K 17.8%
$35K-$60K 28.3%
$60K-$100K 20.4%
>=$100K 19.4%
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.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 27.9%
10-14 mins 3.4%
15-19 mins 10.7%
20-29 mins 33.6%
30-44 mins 20.1%
45-59 mins 1.7%
>60 mins 0.7%

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%

253 Midland Rd 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 , CHENANGO County , or the 13813 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 13730
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  3. 13844
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  5. 13787