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5 Bay Meadow Ln PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $1,040.06
CONSTRUCTION
- Beds : 4
- Floor Size : 2,797 sqft
- Baths : 0 Full
5 Bay Meadow Ln SCHOOLS
Financial Details
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Westhampton
Neighborhood : Westhampton
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $23,006 per month.
MY RENT : $23,006 MEDIAN RENT : $20,138
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 $23,006 would therefore be considered affordable for annual household incomes greater than $920,240 (12 months x 3.333 x $23,006).
HOUSEHOLD INCOME RANGE
Approximately -1,233 of households in this neighborhood have a total annual income of $920,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $23,006 per month.
MINIMUM INCOME RANGE : $920,240
COMMUTE TIME DISTRIBUTION
53% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
Westhampton Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 14.0% |
| Educational Services | 11.7% |
| Financial Industries | 8.2% |
| Health Care & Social Assistance | 11.8% |
| Professional & Scientific Tech Services | 9.3% |
| Retail & Wholesale Trader | 11.4% |
| Other | 33.6% |
AGE DISTRIBUTION
46% of the population is between the ages of 25 and 64, 27% is 24 or younger and 26% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 16.0% |
| 15-19 | 4.5% |
| 20-24 | 6.7% |
| 25-44 | 17.1% |
| 45-65 | 29.2% |
| 66+ | 26.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 6.7% |
| Healthcare | 5.7% |
| Management, Business, & Financial | 21.3% |
| Natural Resources Maintenance | 13.7% |
| Production & Transportation | 4.2% |
| Sales & Office | 27.5% |
| Other | 21.0% |
HIGHEST EDUCATION LEVEL
30% 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 | 25.9% |
| Masters Degree | 17.6% |
| Some College | 14.0% |
| Some High School | 4.3% |
| Other | 28.3% |
5 Bay Meadow Ln Comps
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5 Bay Meadow Ln, Westhampton, NY 11977 is a single family home of 2,797 sqft. HomeUnion INVESTimateĀ® for 5 Bay Meadow Ln includes a Price Estimate of $2,909,044 and a Rent Estimate of $23,006. This single family home has 4 bedrooms,0 bathrooms, and was built in 2014. This property has an estimated 15 year annualized Yield of 9.49% and Total Return of 30.36%. The estimated 1 year forecast in home value for 5 Bay Meadow Ln is 2.74%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , SUFFOLK County , or the 11977 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
