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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

2961 Suffern Hill Rd Wellsburg, NY 14894

3 Beds 2 Baths 1,440 sqft Built 1997
Last updated:  Jan 23, 2020

INVESTimate

$154,603

$145K - $164K

Price Est.

$1,883

$1.4K - $2.3K

Rent Est.

$164,838  ( +6.62%)   1 YR EST. FORECAST
  
  
  

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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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PINE CITY ELEMENTARY SCHOOL Primary Regular 384 24 NA
ERNIE DAVIS MIDDLE SCHOOL Middle Regular 705 55 6
SOUTHSIDE HIGH SCHOOL High Regular 1,052 69 4

PINE CITY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 384
  • # of teachers: 24
0
GreatSchools Rating

ERNIE DAVIS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 705
  • # of teachers: 55
6
GreatSchools Rating

SOUTHSIDE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,052
  • # of teachers: 69
4
GreatSchools Rating
 

Financial Details

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Neighborhood

WELLSBURG

  • 1,289

    POPULATION
  • 540

    HOUSEHOLDS
  • 49.3%

    WHITE COLLAR

Neighborhood : WELLSBURG

HOUSEHOLDS
540
POPULATION

1,289

10.1%Renters
89.9%Home Owners
LABOR FORCE

 

49.3%White Collar
50.7%Blue Collar
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

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.9%
>=$1,500 64.1%
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).

Rent % Affordability
Above $500 82.3%
Above $700 70.7%
Above $1,100 52.8%
Above $1,500 38.9%
Above $1,900 31.2%
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

Income % Distribution
<$20K 17.7%
$20K-$35K 19.6%
$35K-$60K 23.8%
$60K-$100K 24.9%
>=$100K 14.0%
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.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 10.8%
10-14 mins 11.8%
15-19 mins 27.2%
20-29 mins 30.1%
30-44 mins 10.2%
45-59 mins 4.5%
>60 mins 4.5%
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

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.9%
>=$1,500 64.1%
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).

Rent % Affordability
Above $500 82.3%
Above $700 70.7%
Above $1,100 52.8%
Above $1,500 38.9%
Above $1,900 31.2%
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

Income % Distribution
<$20K 17.7%
$20K-$35K 19.6%
$35K-$60K 23.8%
$60K-$100K 24.9%
>=$100K 14.0%
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.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 10.8%
10-14 mins 11.8%
15-19 mins 27.2%
20-29 mins 30.1%
30-44 mins 10.2%
45-59 mins 4.5%
>60 mins 4.5%

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

Nearest zipcodes within 2 miles

  1. 14902
  2. 14901
  3. 14871