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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

3822 E Ross Mills Rd Falconer, NY 14733

2 Beds 1 Baths 1,488 sqft Built 1973
Last updated:  Oct 23, 2019

INVESTimate

$131,840

$120K - $143K

Price Est.

$1,751

$1.3K - $2.2K

Rent Est.

$132,381  ( +0.41%)   1 YR EST. FORECAST
  
  
  

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3822 E Ross Mills Rd PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $88.60
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,488 sqft
  • Baths : 1 Full

3822 E Ross Mills Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HARVEY C. FENNER ELEMENTARY SCHOOL Primary Regular 274 19 5

HARVEY C. FENNER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 274
  • # of teachers: 19
5
GreatSchools Rating
 

Financial Details

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Neighborhood

FALCONER

  • 3,854

    POPULATION
  • 1,597

    HOUSEHOLDS
  • 48.3%

    WHITE COLLAR

Neighborhood : FALCONER

HOUSEHOLDS
1,597
POPULATION

3,854

34.4%Renters
65.6%Home Owners
LABOR FORCE

 

48.3%White Collar
51.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,751 per month.

MY RENT : $1,751 MEDIAN RENT : $1,920

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.9%
>=$1,500 97.1%
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 $1,751 would therefore be considered affordable for annual household incomes greater than $70,040 (12 months x 3.333 x $1,751).

Rent % Affordability
Above $500 80.3%
Above $700 69.9%
Above $1,100 51.7%
Above $1,500 32.4%
Above $1,900 21.1%
HOUSEHOLD INCOME RANGE

Approximately 285 of households in this neighborhood have a total annual income of $70,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,751 per month.

MINIMUM INCOME RANGE : $70,040

Income % Distribution
<$20K 19.7%
$20K-$35K 16.6%
$35K-$60K 31.3%
$60K-$100K 20.8%
>=$100K 11.7%
COMMUTE TIME DISTRIBUTION

35% of the working population has a commute time of 15 to 44 minutes, 63% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.0%
5-9 mins 26.3%
10-14 mins 27.5%
15-19 mins 14.5%
20-29 mins 14.5%
30-44 mins 5.5%
45-59 mins 1.8%
>60 mins 0.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,751 per month.

MY RENT : $1,751 MEDIAN RENT : $1,920

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.9%
>=$1,500 97.1%
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 $1,751 would therefore be considered affordable for annual household incomes greater than $70,040 (12 months x 3.333 x $1,751).

Rent % Affordability
Above $500 80.3%
Above $700 69.9%
Above $1,100 51.7%
Above $1,500 32.4%
Above $1,900 21.1%
HOUSEHOLD INCOME RANGE

Approximately 285 of households in this neighborhood have a total annual income of $70,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,751 per month.

MINIMUM INCOME RANGE : $70,040

Income % Distribution
<$20K 19.7%
$20K-$35K 16.6%
$35K-$60K 31.3%
$60K-$100K 20.8%
>=$100K 11.7%
COMMUTE TIME DISTRIBUTION

35% of the working population has a commute time of 15 to 44 minutes, 63% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.0%
5-9 mins 26.3%
10-14 mins 27.5%
15-19 mins 14.5%
20-29 mins 14.5%
30-44 mins 5.5%
45-59 mins 1.8%
>60 mins 0.8%

FALCONER Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.2%
Educational Services 7.0%
Health Care & Social Assistance 17.7%
Manufacturing 30.8%
Public Administration 3.7%
Retail & Wholesale Trader 11.2%
Other 19.5%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 32% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 19.4%
15-19 6.2%
20-24 6.8%
25-44 23.4%
45-65 26.7%
66+ 17.5%
OCCUPATION

Occupation % Distribution
Healthcare 8.8%
Management, Business, & Financial 11.7%
Natural Resources Maintenance 5.4%
Production & Transportation 34.8%
Sales & Office 18.6%
Social 4.9%
Other 15.8%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 15.0%
High School 43.0%
Masters Degree 5.5%
Some College 19.3%
Some High School 8.0%
Other 9.3%

3822 E Ross Mills Rd Comps

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3822 E Ross Mills Rd, Falconer, NY 14733 is a single family home of 1,488 sqft. HomeUnion INVESTimateĀ® for 3822 E Ross Mills Rd includes a Price Estimate of $131,840 and a Rent Estimate of $1,751. This single family home has 2 bedrooms,1 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 15.94% and Total Return of 28.02%. The estimated 1 year forecast in home value for 3822 E Ross Mills Rd is 0.41%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHAUTAUQUA County , or the 14733 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 14740
  2. 14701