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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

4086 Cream Ridge Rd Macedon, NY 14502

2 Beds 1 Baths 1,080 sqft Built 1961
Last updated:  Jan 23, 2020

INVESTimate

$154,419

$131K - $178K

Price Est.

$1,254

962 - $1.5K

Rent Est.

$156,596  ( +1.41%)   1 YR EST. FORECAST
  
  
  

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4086 Cream Ridge Rd PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $142.98
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,080 sqft
  • Baths : 1 Full

4086 Cream Ridge Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WAYNE SENIOR HIGH SCHOOL High Regular 804 73 7

WAYNE SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 804
  • # of teachers: 73
7
GreatSchools Rating
 

Financial Details

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Neighborhood

MACEDON

  • 10,519

    POPULATION
  • 4,064

    HOUSEHOLDS
  • 67.8%

    WHITE COLLAR

Neighborhood : MACEDON

HOUSEHOLDS
4,064
POPULATION

10,519

17.0%Renters
83.0%Home Owners
LABOR FORCE

 

67.8%White Collar
32.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,254 per month.

MY RENT : $1,254 MEDIAN RENT : $1,517

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.2%
$900-999 0.4%
$1,000-1,499 47.2%
>=$1,500 52.2%
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 $1,254 would therefore be considered affordable for annual household incomes greater than $50,160 (12 months x 3.333 x $1,254).

Rent % Affordability
Above $500 91.8%
Above $700 85.9%
Above $1,100 70.0%
Above $1,500 53.7%
Above $1,900 41.9%
HOUSEHOLD INCOME RANGE

Approximately 2,338 of households in this neighborhood have a total annual income of $50,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,254 per month.

MINIMUM INCOME RANGE : $50,160

Income % Distribution
<$20K 8.2%
$20K-$35K 14.8%
$35K-$60K 23.3%
$60K-$100K 24.5%
>=$100K 29.2%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 21% 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 2.3%
5-9 mins 8.7%
10-14 mins 10.4%
15-19 mins 14.3%
20-29 mins 28.6%
30-44 mins 28.6%
45-59 mins 4.0%
>60 mins 2.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,254 per month.

MY RENT : $1,254 MEDIAN RENT : $1,517

Rent % Distribution
$500-699 0.0%
$700-899 0.2%
$900-999 0.4%
$1,000-1,499 47.2%
>=$1,500 52.2%
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 $1,254 would therefore be considered affordable for annual household incomes greater than $50,160 (12 months x 3.333 x $1,254).

Rent % Affordability
Above $500 91.8%
Above $700 85.9%
Above $1,100 70.0%
Above $1,500 53.7%
Above $1,900 41.9%
HOUSEHOLD INCOME RANGE

Approximately 2,338 of households in this neighborhood have a total annual income of $50,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,254 per month.

MINIMUM INCOME RANGE : $50,160

Income % Distribution
<$20K 8.2%
$20K-$35K 14.8%
$35K-$60K 23.3%
$60K-$100K 24.5%
>=$100K 29.2%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 21% 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 2.3%
5-9 mins 8.7%
10-14 mins 10.4%
15-19 mins 14.3%
20-29 mins 28.6%
30-44 mins 28.6%
45-59 mins 4.0%
>60 mins 2.9%

MACEDON Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.2%
Educational Services 12.8%
Health Care & Social Assistance 13.1%
Manufacturing 18.0%
Professional & Scientific Tech Services 7.4%
Retail & Wholesale Trader 15.1%
Other 26.4%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 32% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 20.3%
15-19 7.0%
20-24 4.4%
25-44 22.7%
45-65 31.7%
66+ 13.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.2%
Healthcare 8.4%
Management, Business, & Financial 18.4%
Natural Resources Maintenance 10.6%
Production & Transportation 13.9%
Sales & Office 19.2%
Other 19.3%
HIGHEST EDUCATION LEVEL

32% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 17.3%
High School 27.2%
Masters Degree 12.5%
Some College 16.3%
Some High School 5.9%
Other 20.9%

4086 Cream Ridge Rd Comps

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4086 Cream Ridge Rd, Macedon, NY 14502 is a single family home of 1,080 sqft. HomeUnion INVESTimateĀ® for 4086 Cream Ridge Rd includes a Price Estimate of $154,419 and a Rent Estimate of $1,254. This single family home has 2 bedrooms,1 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 9.74% and Total Return of 11.89%. The estimated 1 year forecast in home value for 4086 Cream Ridge Rd is 1.41%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , WAYNE County , or the 14502 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 14568
  2. 14450
  3. 14580