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This page contains information about each property aggregated from public data sources, 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.

297 Old Glenwood Rd West Falls, NY 14170

4 Beds 2 Baths 2,419 sqft Built 1945
Last updated:  Oct 23, 2019

INVESTimate

$345,568

$321K - $370K

Price Est.

$3,024

$2.7K - $3.3K

Rent Est.

$372,833  ( +7.89%)   1 YR EST. FORECAST

297 Old Glenwood Rd PROPERTY INFO

FACTS
  • Built In 1945
  • Price/Sqft : $142.86
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,419 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
297 Old Glenwood Rd, West Falls, NY 14170 is a single family home of 2,419 sqft. HomeUnion estimate for 297 Old Glenwood Rd includes a Price Estimate of $345,568 and a Rent Estimate of $3,024. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1945. This property has an estimated 15 year annualized Yield of 10.50% and Total Return of 20.17%. The estimated 1 year forecast in home value for 297 Old Glenwood Rd is 7.89%.
  
  
  

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297 Old Glenwood Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PARKDALE ELEMENTARY SCHOOL Primary Regular 629 41 8
EAST AURORA HIGH SCHOOL High Regular 668 46 10

PARKDALE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 41
8
GreatSchools Rating

EAST AURORA HIGH SCHOOL

  • Education Level: High
  • # of students: 668
  • # of teachers: 46
10
GreatSchools Rating
 

Financial Details

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Neighborhood

WEST FALLS

  • 2,215

    POPULATION
  • 872

    HOUSEHOLDS
  • 68.3%

    WHITE COLLAR

Neighborhood : WEST FALLS

HOUSEHOLDS
872
POPULATION

2,215

12.8%Renters
87.2%Home Owners
LABOR FORCE

 

68.3%White Collar
31.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,024 per month.

MY RENT : $3,024 MEDIAN RENT : $2,195

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.1%
>=$1,500 99.9%
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 $3,024 would therefore be considered affordable for annual household incomes greater than $120,960 (12 months x 3.333 x $3,024).

Rent % Affordability
Above $500 87.1%
Above $700 82.6%
Above $1,100 71.6%
Above $1,500 58.4%
Above $1,900 45.4%
HOUSEHOLD INCOME RANGE

Approximately 140 of households in this neighborhood have a total annual income of $120,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,024 per month.

MINIMUM INCOME RANGE : $120,960

Income % Distribution
<$20K 12.9%
$20K-$35K 9.1%
$35K-$60K 19.6%
$60K-$100K 27.3%
>=$100K 31.1%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 3.4%
10-14 mins 13.9%
15-19 mins 7.9%
20-29 mins 28.5%
30-44 mins 32.6%
45-59 mins 7.6%
>60 mins 4.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,024 per month.

MY RENT : $3,024 MEDIAN RENT : $2,195

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.1%
>=$1,500 99.9%
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 $3,024 would therefore be considered affordable for annual household incomes greater than $120,960 (12 months x 3.333 x $3,024).

Rent % Affordability
Above $500 87.1%
Above $700 82.6%
Above $1,100 71.6%
Above $1,500 58.4%
Above $1,900 45.4%
HOUSEHOLD INCOME RANGE

Approximately 140 of households in this neighborhood have a total annual income of $120,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,024 per month.

MINIMUM INCOME RANGE : $120,960

Income % Distribution
<$20K 12.9%
$20K-$35K 9.1%
$35K-$60K 19.6%
$60K-$100K 27.3%
>=$100K 31.1%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 3.4%
10-14 mins 13.9%
15-19 mins 7.9%
20-29 mins 28.5%
30-44 mins 32.6%
45-59 mins 7.6%
>60 mins 4.8%

WEST FALLS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.0%
Construction 9.7%
Educational Services 9.5%
Health Care & Social Assistance 16.1%
Manufacturing 11.2%
Retail & Wholesale Trader 10.8%
Other 32.7%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 31% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.5%
15-19 7.5%
20-24 4.7%
25-44 19.1%
45-65 35.9%
66+ 14.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.3%
Healthcare 14.5%
Management, Business, & Financial 19.6%
Natural Resources Maintenance 12.1%
Production & Transportation 10.3%
Sales & Office 21.7%
Other 15.5%
HIGHEST EDUCATION LEVEL

27% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.8%
High School 27.4%
Masters Degree 10.4%
Some College 20.1%
Some High School 6.8%
Other 24.5%

297 Old Glenwood Rd Comps

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