INVESTimate
$50,350
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26944 Loomis Rd PROPERTY INFO
FACTS
- Built In 2015
- Price/Sqft : $250.60
CONSTRUCTION
- Beds : 0
- Floor Size : 585 sqft
- Baths : 0 Full
26944 Loomis Rd SCHOOLS
Financial Details
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LORRAINE
Neighborhood : LORRAINE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,156 per month.
MY RENT : $1,156 MEDIAN RENT : $1,115
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 $1,156 would therefore be considered affordable for annual household incomes greater than $46,240 (12 months x 3.333 x $1,156).
HOUSEHOLD INCOME RANGE
Approximately 94 of households in this neighborhood have a total annual income of $46,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,156 per month.
MINIMUM INCOME RANGE : $46,240
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
LORRAINE Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 12.7% |
Educational Services | 9.5% |
Health Care & Social Assistance | 14.1% |
Manufacturing | 6.8% |
Public Administration | 10.5% |
Retail & Wholesale Trader | 13.6% |
Other | 32.7% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 27% is 24 or younger and 18% is 65 or older.
Age | % Distribution |
---|---|
<15 | 15.6% |
15-19 | 6.3% |
20-24 | 4.9% |
25-44 | 23.5% |
45-65 | 31.2% |
66+ | 18.5% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 8.4% |
Management, Business, & Financial | 18.3% |
Natural Resources Maintenance | 19.1% |
Production & Transportation | 6.1% |
Protect | 9.2% |
Sales & Office | 21.4% |
Other | 17.6% |
HIGHEST EDUCATION LEVEL
18% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 12.6% |
High School | 43.8% |
Masters Degree | 4.8% |
Some College | 12.1% |
Some High School | 15.9% |
Other | 10.8% |
26944 Loomis Rd Comps
26944 Loomis Rd, Lorraine, NY 13659 is a single family home of 585 sqft. HomeUnion INVESTimateĀ® for 26944 Loomis Rd includes a Price Estimate of $146,602 and a Rent Estimate of $1,156. This single family home has 0 bedrooms,0 bathrooms, and was built in 2015. This property has an estimated 15 year annualized Yield of 9.46% and Total Return of 18.83%. The estimated 1 year forecast in home value for 26944 Loomis Rd is 0.2%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , JEFFERSON County , or the 13659 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2