INVESTimate
$38,641
4252 S Gravel Rd PROPERTY INFO
FACTS
- Built In 1900
- Price/Sqft : $67.69
CONSTRUCTION
- Beds : 3
- Floor Size : 1,513 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
4252 S Gravel Rd, Medina, NY 14103 is a single family home of 1,513 sqft. HomeUnion estimate for 4252 S Gravel Rd includes a Price Estimate of $102,420 and a Rent Estimate of $1,382. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 16.19% and Total Return of 23.13%. The estimated 1 year forecast in home value for 4252 S Gravel Rd is 3.12%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
4252 S Gravel Rd SCHOOLS
Financial Details
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MEDINA
Neighborhood : MEDINA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,382 per month.
MY RENT : $1,382 MEDIAN RENT : $1,384
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 $1,382 would therefore be considered affordable for annual household incomes greater than $55,280 (12 months x 3.333 x $1,382).
HOUSEHOLD INCOME RANGE
Approximately 1,608 of households in this neighborhood have a total annual income of $55,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,382 per month.
MINIMUM INCOME RANGE : $55,280
COMMUTE TIME DISTRIBUTION
39% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.
MEDINA Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 8.0% |
Educational Services | 8.0% |
Health Care & Social Assistance | 13.8% |
Manufacturing | 23.5% |
Public Administration | 5.5% |
Retail & Wholesale Trader | 13.5% |
Other | 27.8% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 31% is 24 or younger and 18% is 65 or older.
Age | % Distribution |
---|---|
<15 | 18.7% |
15-19 | 7.2% |
20-24 | 5.5% |
25-44 | 23.7% |
45-65 | 27.3% |
66+ | 17.5% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 4.9% |
Healthcare | 6.0% |
Management, Business, & Financial | 17.4% |
Natural Resources Maintenance | 10.6% |
Production & Transportation | 23.4% |
Sales & Office | 18.7% |
Other | 19.0% |
HIGHEST EDUCATION LEVEL
18% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 9.5% |
High School | 37.7% |
Masters Degree | 7.2% |
Some College | 23.6% |
Some High School | 9.8% |
Other | 12.1% |
4252 S Gravel Rd Comps
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