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2961 Suffern Hill Rd PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $107.36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,440 sqft
- Baths : 2 Full
2961 Suffern Hill Rd SCHOOLS
Financial Details
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WELLSBURG
Neighborhood : WELLSBURG
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,883 per month.
MY RENT : $1,883 MEDIAN RENT : $1,587
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 $1,883 would therefore be considered affordable for annual household incomes greater than $75,320 (12 months x 3.333 x $1,883).
HOUSEHOLD INCOME RANGE
Approximately 109 of households in this neighborhood have a total annual income of $75,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,883 per month.
MINIMUM INCOME RANGE : $75,320
COMMUTE TIME DISTRIBUTION
67% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
WELLSBURG Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 10.8% |
| Educational Services | 7.9% |
| Financial Industries | 7.3% |
| Health Care & Social Assistance | 19.8% |
| Manufacturing | 14.0% |
| Retail & Wholesale Trader | 10.8% |
| Other | 29.4% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 25% is 24 or younger and 24% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 13.0% |
| 15-19 | 6.2% |
| 20-24 | 5.5% |
| 25-44 | 16.5% |
| 45-65 | 35.2% |
| 66+ | 23.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Education | 3.8% |
| Healthcare | 12.6% |
| Management, Business, & Financial | 13.2% |
| Natural Resources Maintenance | 13.7% |
| Production & Transportation | 19.8% |
| Sales & Office | 20.9% |
| Other | 15.9% |
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 | 11.7% |
| High School | 46.5% |
| Masters Degree | 4.7% |
| Some College | 14.9% |
| Some High School | 12.9% |
| Other | 9.3% |
2961 Suffern Hill Rd Comps
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2961 Suffern Hill Rd, Wellsburg, NY 14894 is a single family home of 1,440 sqft. HomeUnion INVESTimateĀ® for 2961 Suffern Hill Rd includes a Price Estimate of $154,603 and a Rent Estimate of $1,883. This single family home has 3 bedrooms,2 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 14.62% and Total Return of 36.61%. The estimated 1 year forecast in home value for 2961 Suffern Hill Rd is 6.62%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHEMUNG County , or the 14894 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
