INVESTimate
$80,151
Financial Details29 Chillington Ln PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $105.44
CONSTRUCTION
- Beds : 4
- Floor Size : 2,457 sqft
- Baths : 3 Full 2 Half
PROPERTY DESCRIPTION
29 Chillington Ln, Mendon, NY 14506 is a single family home of 2,457 sqft. HomeUnion estimate for 29 Chillington Ln includes a Price Estimate of $259,059 and a Rent Estimate of $2,830. This single family home has 4 bedrooms, 5 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 13.11% and Total Return of 27.41%. The estimated 1 year forecast in home value for 29 Chillington Ln is 3.21%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
29 Chillington Ln SCHOOLS
Financial Details
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MENDON
Neighborhood : MENDON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,830 per month.
MY RENT : $2,830 MEDIAN RENT : $2,274
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 $2,830 would therefore be considered affordable for annual household incomes greater than $113,200 (12 months x 3.333 x $2,830).
HOUSEHOLD INCOME RANGE
Approximately 155 of households in this neighborhood have a total annual income of $113,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,830 per month.
MINIMUM INCOME RANGE : $113,200
COMMUTE TIME DISTRIBUTION
77% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.
MENDON Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 9.8% |
| Educational Services | 15.1% |
| Health Care & Social Assistance | 10.4% |
| Manufacturing | 17.0% |
| Professional & Scientific Tech Services | 12.6% |
| Retail & Wholesale Trader | 11.0% |
| Other | 24.2% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.5% |
| 15-19 | 8.5% |
| 20-24 | 4.2% |
| 25-44 | 14.0% |
| 45-65 | 37.4% |
| 66+ | 16.4% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 16.6% |
| Construction | 8.0% |
| Healthcare | 6.0% |
| Management, Business, & Financial | 31.9% |
| Production & Transportation | 14.2% |
| Sales & Office | 13.0% |
| Other | 10.4% |
HIGHEST EDUCATION LEVEL
38% 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 | 7.2% |
| Masters Degree | 18.6% |
| Professional | 5.9% |
| Some College | 12.7% |
| Other | 46.7% |
29 Chillington Ln Comps
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