INVESTimate
$42,764
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351 Bull Rd PROPERTY INFO
FACTS
- Built In 1987
- Price/Sqft : $117.04
CONSTRUCTION
- Beds : 0
- Floor Size : 1,008 sqft
- Baths : 0 Full
351 Bull Rd SCHOOLS
Financial Details
See Financial Details
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UTICA
Neighborhood : UTICA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,163 per month.
MY RENT : $1,163 MEDIAN RENT : $1,154
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 $1,163 would therefore be considered affordable for annual household incomes greater than $46,520 (12 months x 3.333 x $1,163).
HOUSEHOLD INCOME RANGE
Approximately 5,123 of households in this neighborhood have a total annual income of $46,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,163 per month.
MINIMUM INCOME RANGE : $46,520
COMMUTE TIME DISTRIBUTION
47% of the working population has a commute time of 15 to 44 minutes, 47% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.
UTICA Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 9.8% |
Educational Services | 11.5% |
Financial Industries | 7.0% |
Health Care & Social Assistance | 20.9% |
Manufacturing | 9.2% |
Retail & Wholesale Trader | 12.6% |
Other | 29.1% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 17.9% |
15-19 | 8.0% |
20-24 | 7.3% |
25-44 | 23.6% |
45-65 | 26.0% |
66+ | 17.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 5.6% |
Healthcare | 11.5% |
Management, Business, & Financial | 12.4% |
Natural Resources Maintenance | 8.6% |
Production & Transportation | 12.9% |
Sales & Office | 25.0% |
Other | 24.0% |
HIGHEST EDUCATION LEVEL
22% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 13.7% |
High School | 30.8% |
Masters Degree | 6.7% |
Some College | 21.7% |
Some High School | 12.8% |
Other | 14.3% |
351 Bull Rd Comps
351 Bull Rd, Utica, NY 13502 is a single family home of 1,008 sqft. HomeUnion INVESTimateĀ® for 351 Bull Rd includes a Price Estimate of $117,977 and a Rent Estimate of $1,163. This single family home has 0 bedrooms,0 bathrooms, and was built in 1987. This property has an estimated 15 year annualized Yield of 11.83% and Total Return of 22.10%. The estimated 1 year forecast in home value for 351 Bull Rd is 4.07%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , HERKIMER County , or the 13502 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2