INVESTimate
$60,185
45 Ormiston Rd PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $73.14
CONSTRUCTION
- Beds : 3
- Floor Size : 2,512 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
45 Ormiston Rd, Breesport, NY 14816 is a single family home of 2,512 sqft. HomeUnion estimate for 45 Ormiston Rd includes a Price Estimate of $183,717 and a Rent Estimate of $2,052. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 13.40% and Total Return of 21.15%. The estimated 1 year forecast in home value for 45 Ormiston Rd is 0.51%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
45 Ormiston Rd SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
BREESPORT
Neighborhood : BREESPORT
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 72% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,052 per month.
MY RENT : $2,052 MEDIAN RENT : $1,606
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 $2,052 would therefore be considered affordable for annual household incomes greater than $82,080 (12 months x 3.333 x $2,052).
HOUSEHOLD INCOME RANGE
Approximately 55 of households in this neighborhood have a total annual income of $82,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,052 per month.
MINIMUM INCOME RANGE : $82,080
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.
BREESPORT Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 5.9% |
Educational Services | 12.3% |
Health Care & Social Assistance | 13.1% |
Manufacturing | 11.4% |
Retail & Wholesale Trader | 26.7% |
Transportation | 4.2% |
Other | 26.3% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 24% is 24 or younger and 23% is 65 or older.
Age | % Distribution |
---|---|
<15 | 14.4% |
15-19 | 3.5% |
20-24 | 5.7% |
25-44 | 17.9% |
45-65 | 35.4% |
66+ | 23.0% |
OCCUPATION
Occupation | % Distribution |
---|---|
Education | 7.4% |
Healthcare | 14.3% |
Management, Business, & Financial | 12.6% |
Natural Resources Maintenance | 8.0% |
Production & Transportation | 16.0% |
Sales & Office | 25.1% |
Other | 16.6% |
HIGHEST EDUCATION LEVEL
26% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 11.4% |
High School | 35.3% |
Masters Degree | 12.5% |
Some College | 17.5% |
Some High School | 5.2% |
Other | 18.1% |
45 Ormiston Rd Comps
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHEMUNG County , or the 14816 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2