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

417 Main St New York Mills, NY 13417

4 Beds 3 Baths 2,410 sqft Built 1940
Last updated:  Jan 23, 2020

INVESTimate

$141,107

$128K - $154K

Price Est.

$1,555

$1.4K - $1.7K

Rent Est.

$143,153  ( +1.45%)   1 YR EST. FORECAST
  
  
  

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

  • 1927 MACONDRAY DRIVE Humble, TX
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2009 ∙ 1units 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2009 ∙ 1units
    AVAILABLE
    • 19.65% GROSS YIELD
    • $7,394 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $95,900
    • $31,164
    • $1,570
  • 27440 N ALMA SCHOOL PARKWAY #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 2801 Snapfinger MANOR Decatur, GA
    • 4 beds 3 baths ∙ 1,368 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,368 Sqft ∙ Built 2003
    AVAILABLE
    • 14.03% GROSS YIELD
    • $8,209 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $124,000
    • $38,610
    • $1,450
  • 1810 Ashborough Rd Apt E Marietta, GA
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1973
    AVAILABLE
    • 13.55% GROSS YIELD
    • $5,993 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $124,000
    • $38,610
    • $1,400

417 Main St PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $58.55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,410 sqft
  • Baths : 2 Full 1 Half

417 Main St SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

See Financial Details

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

Already have an account?
Neighborhood

Village of New York Mills

  • 4,134

    POPULATION
  • 2,055

    HOUSEHOLDS
  • 50.7%

    WHITE COLLAR

Neighborhood : Village of New York Mills

HOUSEHOLDS
2,055
POPULATION

4,134

53.2%Renters
46.8%Home Owners
LABOR FORCE

 

50.7%White Collar
49.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 32% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,555 per month.

MY RENT : $1,555 MEDIAN RENT : $1,386

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.1%
$900-999 4.9%
$1,000-1,499 61.9%
>=$1,500 32.1%
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 $1,555 would therefore be considered affordable for annual household incomes greater than $62,200 (12 months x 3.333 x $1,555).

Rent % Affordability
Above $500 70.9%
Above $700 59.8%
Above $1,100 34.9%
Above $1,500 21.8%
Above $1,900 14.9%
HOUSEHOLD INCOME RANGE

Approximately 285 of households in this neighborhood have a total annual income of $62,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,555 per month.

MINIMUM INCOME RANGE : $62,200

Income % Distribution
<$20K 29.1%
$20K-$35K 22.5%
$35K-$60K 26.7%
$60K-$100K 12.8%
>=$100K 9.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 47% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.7%
5-9 mins 20.1%
10-14 mins 24.3%
15-19 mins 28.2%
20-29 mins 19.0%
30-44 mins 3.9%
45-59 mins 0.1%
>60 mins 1.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 32% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,555 per month.

MY RENT : $1,555 MEDIAN RENT : $1,386

Rent % Distribution
$500-699 0.0%
$700-899 1.1%
$900-999 4.9%
$1,000-1,499 61.9%
>=$1,500 32.1%
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 $1,555 would therefore be considered affordable for annual household incomes greater than $62,200 (12 months x 3.333 x $1,555).

Rent % Affordability
Above $500 70.9%
Above $700 59.8%
Above $1,100 34.9%
Above $1,500 21.8%
Above $1,900 14.9%
HOUSEHOLD INCOME RANGE

Approximately 285 of households in this neighborhood have a total annual income of $62,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,555 per month.

MINIMUM INCOME RANGE : $62,200

Income % Distribution
<$20K 29.1%
$20K-$35K 22.5%
$35K-$60K 26.7%
$60K-$100K 12.8%
>=$100K 9.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 47% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.7%
5-9 mins 20.1%
10-14 mins 24.3%
15-19 mins 28.2%
20-29 mins 19.0%
30-44 mins 3.9%
45-59 mins 0.1%
>60 mins 1.7%

Village of New York Mills Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.6%
Educational Services 8.5%
Financial Industries 9.3%
Health Care & Social Assistance 23.5%
Manufacturing 15.8%
Retail & Wholesale Trader 11.4%
Other 24.8%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 31% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 19.0%
15-19 6.2%
20-24 6.2%
25-44 18.4%
45-65 25.3%
66+ 24.7%
OCCUPATION

Occupation % Distribution
Healthcare 11.5%
Management, Business, & Financial 13.6%
Natural Resources Maintenance 8.1%
PCare 7.3%
Production & Transportation 15.5%
Sales & Office 26.3%
Other 17.8%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.9%
High School 36.9%
Masters Degree 3.6%
Some College 29.1%
Some High School 6.7%
Other 13.8%

417 Main St Comps

Sorry, we do not have sufficient data available.

417 Main St, New York Mills, NY 13417 is a single family home of 2,410 sqft. HomeUnion INVESTimateĀ® for 417 Main St includes a Price Estimate of $141,107 and a Rent Estimate of $1,555. This single family home has 4 bedrooms,3 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 13.22% and Total Return of 22.30%. The estimated 1 year forecast in home value for 417 Main St is 1.45%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ONEIDA County , or the 13417 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

  1. 13 Country Club Dr
  2. 44 Country Club Dr
  3. 61 Henderson St
  4. 19 Wetmore St
  5. 25 New Hartford St

Nearest zipcodes within 2 miles

  1. 13492
  2. 13413
  3. 13495
  4. 13502
  5. 13501