INVESTimate
$73,104
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395 Southline Rd PROPERTY INFO
FACTS
- Built In 1840
- Price/Sqft : $350.10
CONSTRUCTION
- Beds : 5
- Floor Size : 664 sqft
- Baths : 2 Full 1 Half
395 Southline Rd SCHOOLS
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Financial Details
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GALWAY
Neighborhood : GALWAY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,746 per month.
MY RENT : $1,746 MEDIAN RENT : $1,622
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 $1,746 would therefore be considered affordable for annual household incomes greater than $69,840 (12 months x 3.333 x $1,746).
HOUSEHOLD INCOME RANGE
Approximately 485 of households in this neighborhood have a total annual income of $69,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,746 per month.
MINIMUM INCOME RANGE : $69,840
COMMUTE TIME DISTRIBUTION
75% of the working population has a commute time of 15 to 44 minutes, 7% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
GALWAY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 10.3% |
| Educational Services | 9.2% |
| Health Care & Social Assistance | 18.6% |
| Manufacturing | 10.6% |
| Professional & Scientific Tech Services | 8.6% |
| Retail & Wholesale Trader | 13.7% |
| Other | 29.0% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 26% is 24 or younger and 19% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 17.0% |
| 15-19 | 5.5% |
| 20-24 | 3.1% |
| 25-44 | 21.5% |
| 45-65 | 33.6% |
| 66+ | 19.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 6.2% |
| Healthcare | 13.6% |
| Management, Business, & Financial | 19.5% |
| Natural Resources Maintenance | 17.9% |
| Production & Transportation | 8.5% |
| Sales & Office | 16.9% |
| Other | 17.4% |
HIGHEST EDUCATION LEVEL
25% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 11.7% |
| High School | 28.8% |
| Masters Degree | 9.5% |
| Some College | 19.4% |
| Some High School | 7.6% |
| Other | 22.9% |
395 Southline Rd Comps
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395 Southline Rd, Galway, NY 12074 is a single family home of 664 sqft. HomeUnion INVESTimateĀ® for 395 Southline Rd includes a Price Estimate of $232,468 and a Rent Estimate of $1,746. This single family home has 5 bedrooms,3 bathrooms, and was built in 1840. This property has an estimated 15 year annualized Yield of 9.01% and Total Return of 16.66%. The estimated 1 year forecast in home value for 395 Southline Rd is 3.14%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , SARATOGA County , or the 12074 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
