Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
This page contains aggregated information about each property, 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 about INVESTimate

...MORE

This page contains aggregated information about each property, 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 about INVESTimate

2881 S Lake Rd Forestport, NY 13338

2 Beds 1 Baths 847 sqft Built 1939
Last updated:  Nov 28, 2019

INVESTimate

$125,117

$117K - $133K

Price Est.

$914

803 - $1.0K

Rent Est.

$126,894  ( +1.42%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL PARKWAY #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1312 CAMELOT DRIVE Atlanta, GA
    • 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1970 ∙ 1units 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1970 ∙ 1units
    AVAILABLE fmls
    • 15.34% GROSS YIELD
    • $8,581 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $115,000
    • $36,225
    • $1,470
  • 1141 NORTH SHADELAND AVENUE Indianapolis, IN
    • 4 beds 2 baths ∙ 1,732 Sqft ∙ Built 1943 ∙ 1units 4 beds 2 baths ∙ 1,732 Sqft ∙ Built 1943 ∙ 1units
    AVAILABLE
    • 13.78% GROSS YIELD
    • $6,875 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $94,900
    • $30,898
    • $1,090
  • 2753 WHITEWATER COURT Austell, GA
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1973 ∙ 1units 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 13.53% GROSS YIELD
    • $7,498 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,240

2881 S Lake Rd PROPERTY INFO

FACTS
  • Built In 1939
  • Price/Sqft : $147.72
CONSTRUCTION
  • Beds : 2
  • Floor Size : 847 sqft
  • Baths : 1 Full

2881 S Lake Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ADIRONDACK HIGH SCHOOL High Regular 427 34 5

ADIRONDACK HIGH SCHOOL

  • Education Level: High
  • # of students: 427
  • # of teachers: 34
5
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

FORESTPORT

  • 1,174

    POPULATION
  • 546

    HOUSEHOLDS
  • 60.0%

    WHITE COLLAR

Neighborhood : FORESTPORT

HOUSEHOLDS
546
POPULATION

1,174

10.4%Renters
89.6%Home Owners
LABOR FORCE

 

60.0%White Collar
40.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $914 per month.

MY RENT : $914 MEDIAN RENT : $1,118

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.9%
$900-999 22.6%
$1,000-1,499 66.9%
>=$1,500 8.7%
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 $914 would therefore be considered affordable for annual household incomes greater than $36,560 (12 months x 3.333 x $914).

Rent % Affordability
Above $500 83.4%
Above $700 75.7%
Above $1,100 59.2%
Above $1,500 40.4%
Above $1,900 29.7%
HOUSEHOLD INCOME RANGE

Approximately 276 of households in this neighborhood have a total annual income of $36,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $914 per month.

MINIMUM INCOME RANGE : $36,560

Income % Distribution
<$20K 16.6%
$20K-$35K 16.1%
$35K-$60K 26.9%
$60K-$100K 23.1%
>=$100K 17.3%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 7.9%
10-14 mins 12.1%
15-19 mins 9.1%
20-29 mins 12.1%
30-44 mins 30.4%
45-59 mins 13.4%
>60 mins 9.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $914 per month.

MY RENT : $914 MEDIAN RENT : $1,118

Rent % Distribution
$500-699 0.0%
$700-899 1.9%
$900-999 22.6%
$1,000-1,499 66.9%
>=$1,500 8.7%
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 $914 would therefore be considered affordable for annual household incomes greater than $36,560 (12 months x 3.333 x $914).

Rent % Affordability
Above $500 83.4%
Above $700 75.7%
Above $1,100 59.2%
Above $1,500 40.4%
Above $1,900 29.7%
HOUSEHOLD INCOME RANGE

Approximately 276 of households in this neighborhood have a total annual income of $36,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $914 per month.

MINIMUM INCOME RANGE : $36,560

Income % Distribution
<$20K 16.6%
$20K-$35K 16.1%
$35K-$60K 26.9%
$60K-$100K 23.1%
>=$100K 17.3%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 7.9%
10-14 mins 12.1%
15-19 mins 9.1%
20-29 mins 12.1%
30-44 mins 30.4%
45-59 mins 13.4%
>60 mins 9.6%

FORESTPORT Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 16.1%
Construction 14.5%
Educational Services 8.6%
Health Care & Social Assistance 12.2%
Public Administration 9.9%
Retail & Wholesale Trader 11.1%
Other 27.5%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 15% is 24 or younger and 28% is 65 or older.

Age % Distribution
<15 8.3%
15-19 4.7%
20-24 1.9%
25-44 15.6%
45-65 41.6%
66+ 28.0%
OCCUPATION

Occupation % Distribution
Construction 5.7%
Healthcare 9.5%
Management, Business, & Financial 19.9%
Natural Resources Maintenance 18.2%
Production & Transportation 9.5%
Sales & Office 19.9%
Other 17.3%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.3%
High School 39.9%
Masters Degree 8.3%
Some College 16.3%
Some High School 8.3%
Other 14.9%

2881 S Lake Rd Comps

Sorry, we do not have sufficient data available.

2881 S Lake Rd, Forestport, NY 13338 is a single family home of 847 sqft. HomeUnion INVESTimateĀ® for 2881 S Lake Rd includes a Price Estimate of $125,117 and a Rent Estimate of $914. This single family home has 2 bedrooms,1 bathrooms, and was built in 1939. This property has an estimated 15 year annualized Yield of 8.77% and Total Return of 11.98%. The estimated 1 year forecast in home value for 2881 S Lake Rd is 1.42%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , HERKIMER County , or the 13338 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Browse other real estate investments on Lake S Rd

  1. 2881 S Lake Rd
  2. S Lake Rd

Similar Investment Properties By Bed/Bath within 2 miles

  1. 408 N Lake Loop Rd

Similar Investment Properties By List Price within 2 miles

  1. S Lake Rd
  2. N Lake Rd
  3. 145 Wolf Creek Rd
  4. 392 N Lake Rd
  5. 408 N Lake Loop Rd

Nearest zipcodes within 2 miles

  1. 13324