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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

2988 Ny 7 Pittstown, NY 12180

2 Beds 1 Baths 496 sqft Built 1930
Last updated:  Jan 23, 2020

INVESTimate

$124,673

$119K - $130K

Price Est.

$907

765 - $1.0K

Rent Est.

$125,670  ( +0.8%)   1 YR EST. FORECAST
  
  
  

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2988 Ny 7 PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $251.36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 496 sqft
  • Baths : 1 Full

2988 Ny 7 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
TAMARAC ELEMENTARY SCHOOL Primary Regular 537 41 5
TAMARAC SECONDARY SCHOOL Middle Regular 755 61 7
TAMARAC SECONDARY SCHOOL High Regular 755 61 7

TAMARAC ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 537
  • # of teachers: 41
5
GreatSchools Rating

TAMARAC SECONDARY SCHOOL

  • Education Level: Middle
  • # of students: 755
  • # of teachers: 61
7
GreatSchools Rating

TAMARAC SECONDARY SCHOOL

  • Education Level: High
  • # of students: 755
  • # of teachers: 61
7
GreatSchools Rating
 

Financial Details

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Neighborhood

TROY

  • 53,445

    POPULATION
  • 21,563

    HOUSEHOLDS
  • 69.4%

    WHITE COLLAR

Neighborhood : TROY

HOUSEHOLDS
21,563
POPULATION

53,445

54.0%Renters
46.0%Home Owners
LABOR FORCE

 

69.4%White Collar
30.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $907 per month.

MY RENT : $907 MEDIAN RENT : $1,573

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.4%
$900-999 2.7%
$1,000-1,499 40.4%
>=$1,500 56.5%
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 $907 would therefore be considered affordable for annual household incomes greater than $36,280 (12 months x 3.333 x $907).

Rent % Affordability
Above $500 78.4%
Above $700 70.4%
Above $1,100 56.9%
Above $1,500 43.8%
Above $1,900 33.5%
HOUSEHOLD INCOME RANGE

Approximately 11,163 of households in this neighborhood have a total annual income of $36,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $907 per month.

MINIMUM INCOME RANGE : $36,280

Income % Distribution
<$20K 21.6%
$20K-$35K 14.4%
$35K-$60K 20.2%
$60K-$100K 21.9%
>=$100K 21.8%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 10.3%
10-14 mins 14.6%
15-19 mins 20.1%
20-29 mins 26.0%
30-44 mins 17.8%
45-59 mins 3.5%
>60 mins 3.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $907 per month.

MY RENT : $907 MEDIAN RENT : $1,573

Rent % Distribution
$500-699 0.0%
$700-899 0.4%
$900-999 2.7%
$1,000-1,499 40.4%
>=$1,500 56.5%
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 $907 would therefore be considered affordable for annual household incomes greater than $36,280 (12 months x 3.333 x $907).

Rent % Affordability
Above $500 78.4%
Above $700 70.4%
Above $1,100 56.9%
Above $1,500 43.8%
Above $1,900 33.5%
HOUSEHOLD INCOME RANGE

Approximately 11,163 of households in this neighborhood have a total annual income of $36,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $907 per month.

MINIMUM INCOME RANGE : $36,280

Income % Distribution
<$20K 21.6%
$20K-$35K 14.4%
$35K-$60K 20.2%
$60K-$100K 21.9%
>=$100K 21.8%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 10.3%
10-14 mins 14.6%
15-19 mins 20.1%
20-29 mins 26.0%
30-44 mins 17.8%
45-59 mins 3.5%
>60 mins 3.8%

TROY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.1%
Educational Services 14.7%
Health Care & Social Assistance 15.1%
Manufacturing 7.1%
Public Administration 10.1%
Retail & Wholesale Trader 12.6%
Other 31.3%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 14.6%
15-19 9.5%
20-24 10.4%
25-44 28.1%
45-65 24.2%
66+ 13.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.9%
Healthcare 7.9%
Management, Business, & Financial 17.9%
Natural Resources Maintenance 6.3%
Production & Transportation 8.8%
Sales & Office 25.4%
Other 23.9%
HIGHEST EDUCATION LEVEL

26% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.4%
High School 27.1%
Masters Degree 9.2%
Some College 18.2%
Some High School 9.9%
Other 22.2%

2988 Ny 7 Comps

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2988 Ny 7, Pittstown, NY 12180 is a single family home of 496 sqft. HomeUnion INVESTimateĀ® for 2988 Ny 7 includes a Price Estimate of $124,673 and a Rent Estimate of $907. This single family home has 2 bedrooms,1 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 8.73% and Total Return of 4.12%. The estimated 1 year forecast in home value for 2988 Ny 7 is 0.8%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , RENSSELAER County , or the 12180 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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