Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

3940 County Road 2 Hector, NY 14841

2 Beds 1 Baths 792 sqft Built 1955
Last updated:  Dec 26, 2019

INVESTimate

$133,175

$122K - $144K

Price Est.

$1,264

969 - $1.6K

Rent Est.

$127,768  ( -4.06%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

3940 County Road 2 PROPERTY INFO

FACTS
  • Built In 1955
  • Price/Sqft : $168.15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 792 sqft
  • Baths : 1 Full

3940 County Road 2 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WATKINS GLEN MIDDLE SCHOOL Primary Regular 376 30 7
WATKINS GLEN MIDDLE SCHOOL Middle Regular 376 30 7
WATKINS GLEN CENTRAL HIGH SCHOOL High Regular 380 32 5

WATKINS GLEN MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 376
  • # of teachers: 30
7
GreatSchools Rating

WATKINS GLEN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 376
  • # of teachers: 30
7
GreatSchools Rating

WATKINS GLEN CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 380
  • # of teachers: 32
5
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

HECTOR

  • 644

    POPULATION
  • 338

    HOUSEHOLDS
  • 72.2%

    WHITE COLLAR

Neighborhood : HECTOR

HOUSEHOLDS
338
POPULATION

644

6.4%Renters
93.6%Home Owners
LABOR FORCE

 

72.2%White Collar
27.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 82% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,264 per month.

MY RENT : $1,264 MEDIAN RENT : $1,642

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 34.6%
>=$1,500 65.4%
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 $1,264 would therefore be considered affordable for annual household incomes greater than $50,560 (12 months x 3.333 x $1,264).

Rent % Affordability
Above $500 65.9%
Above $700 63.0%
Above $1,100 51.6%
Above $1,500 39.7%
Above $1,900 23.4%
HOUSEHOLD INCOME RANGE

Approximately 147 of households in this neighborhood have a total annual income of $50,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,264 per month.

MINIMUM INCOME RANGE : $50,560

Income % Distribution
<$20K 34.1%
$20K-$35K 4.4%
$35K-$60K 21.8%
$60K-$100K 19.4%
>=$100K 20.3%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 17.4%
5-9 mins 3.6%
10-14 mins 4.0%
15-19 mins 12.1%
20-29 mins 18.2%
30-44 mins 33.6%
45-59 mins 8.9%
>60 mins 2.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 82% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,264 per month.

MY RENT : $1,264 MEDIAN RENT : $1,642

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 34.6%
>=$1,500 65.4%
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 $1,264 would therefore be considered affordable for annual household incomes greater than $50,560 (12 months x 3.333 x $1,264).

Rent % Affordability
Above $500 65.9%
Above $700 63.0%
Above $1,100 51.6%
Above $1,500 39.7%
Above $1,900 23.4%
HOUSEHOLD INCOME RANGE

Approximately 147 of households in this neighborhood have a total annual income of $50,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,264 per month.

MINIMUM INCOME RANGE : $50,560

Income % Distribution
<$20K 34.1%
$20K-$35K 4.4%
$35K-$60K 21.8%
$60K-$100K 19.4%
>=$100K 20.3%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 17.4%
5-9 mins 3.6%
10-14 mins 4.0%
15-19 mins 12.1%
20-29 mins 18.2%
30-44 mins 33.6%
45-59 mins 8.9%
>60 mins 2.0%

HECTOR Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 18.7%
Arts & Entertainment 9.5%
Construction 13.5%
Health Care & Social Assistance 9.5%
Professional & Scientific Tech Services 12.3%
Retail & Wholesale Trader 9.5%
Other 27.0%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 12% is 24 or younger and 34% is 65 or older.

Age % Distribution
<15 7.1%
15-19 1.7%
20-24 3.3%
25-44 11.8%
45-65 42.1%
66+ 34.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 19.2%
Education 11.4%
Legal 7.8%
Management, Business, & Financial 26.3%
Production & Transportation 6.0%
Sales & Office 13.2%
Other 16.2%
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 8.1%
High School 10.7%
Masters Degree 14.0%
Some College 26.6%
Some High School 14.4%
Other 26.3%

3940 County Road 2 Comps

Sorry, we do not have sufficient data available.

3940 County Road 2, Hector, NY 14841 is a single family home of 792 sqft. HomeUnion INVESTimateĀ® for 3940 County Road 2 includes a Price Estimate of $133,175 and a Rent Estimate of $1,264. This single family home has 2 bedrooms,1 bathrooms, and was built in 1955. This property has an estimated 15 year annualized Yield of 11.39% and Total Return of 12.87%. The estimated 1 year forecast in home value for 3940 County Road 2 is -4.06%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , SCHUYLER County , or the 14841 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 14818