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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

5 Goodspeed Ln Bloomingdale, NY 12913

2 Beds 1 Baths 962 sqft Built 1920
Last updated:  Jan 23, 2020

INVESTimate

$186,331

$168K - $205K

Price Est.

$1,710

$1.3K - $2.1K

Rent Est.

$194,623  ( +4.45%)   1 YR EST. FORECAST
  
  
  

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5 Goodspeed Ln PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $193.69
CONSTRUCTION
  • Beds : 2
  • Floor Size : 962 sqft
  • Baths : 1 Full

5 Goodspeed Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SARANAC LAKE SENIOR HIGH SCHOOL High Regular 483 45 6

SARANAC LAKE SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 483
  • # of teachers: 45
6
GreatSchools Rating
 

Financial Details

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Neighborhood

BLOOMINGDALE

  • 1,233

    POPULATION
  • 537

    HOUSEHOLDS
  • 66.5%

    WHITE COLLAR

Neighborhood : BLOOMINGDALE

HOUSEHOLDS
537
POPULATION

1,233

21.1%Renters
78.9%Home Owners
LABOR FORCE

 

66.5%White Collar
33.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,710 per month.

MY RENT : $1,710 MEDIAN RENT : $1,772

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 21.9%
>=$1,500 78.1%
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 $1,710 would therefore be considered affordable for annual household incomes greater than $68,400 (12 months x 3.333 x $1,710).

Rent % Affordability
Above $500 87.1%
Above $700 79.0%
Above $1,100 62.3%
Above $1,500 48.0%
Above $1,900 35.6%
HOUSEHOLD INCOME RANGE

Approximately 173 of households in this neighborhood have a total annual income of $68,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,710 per month.

MINIMUM INCOME RANGE : $68,400

Income % Distribution
<$20K 12.9%
$20K-$35K 13.1%
$35K-$60K 25.9%
$60K-$100K 22.7%
>=$100K 25.3%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.3%
5-9 mins 10.7%
10-14 mins 31.5%
15-19 mins 17.9%
20-29 mins 14.7%
30-44 mins 13.2%
45-59 mins 2.5%
>60 mins 2.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,710 per month.

MY RENT : $1,710 MEDIAN RENT : $1,772

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 21.9%
>=$1,500 78.1%
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 $1,710 would therefore be considered affordable for annual household incomes greater than $68,400 (12 months x 3.333 x $1,710).

Rent % Affordability
Above $500 87.1%
Above $700 79.0%
Above $1,100 62.3%
Above $1,500 48.0%
Above $1,900 35.6%
HOUSEHOLD INCOME RANGE

Approximately 173 of households in this neighborhood have a total annual income of $68,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,710 per month.

MINIMUM INCOME RANGE : $68,400

Income % Distribution
<$20K 12.9%
$20K-$35K 13.1%
$35K-$60K 25.9%
$60K-$100K 22.7%
>=$100K 25.3%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.3%
5-9 mins 10.7%
10-14 mins 31.5%
15-19 mins 17.9%
20-29 mins 14.7%
30-44 mins 13.2%
45-59 mins 2.5%
>60 mins 2.1%

BLOOMINGDALE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.3%
Construction 9.6%
Educational Services 15.5%
Health Care & Social Assistance 25.3%
Public Administration 11.4%
Retail & Wholesale Trader 6.7%
Other 21.2%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 25% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 18.7%
15-19 3.5%
20-24 2.4%
25-44 19.5%
45-65 35.4%
66+ 20.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.0%
Healthcare 11.4%
Management, Business, & Financial 21.4%
Natural Resources Maintenance 12.8%
PCare 7.0%
Sales & Office 17.9%
Other 23.5%
HIGHEST EDUCATION LEVEL

31% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 16.0%
High School 27.2%
Masters Degree 12.1%
Some College 15.8%
Some High School 6.0%
Other 22.9%

5 Goodspeed Ln Comps

Sorry, we do not have sufficient data available.

5 Goodspeed Ln, Bloomingdale, NY 12913 is a single family home of 962 sqft. HomeUnion INVESTimateĀ® for 5 Goodspeed Ln includes a Price Estimate of $186,331 and a Rent Estimate of $1,710. This single family home has 2 bedrooms,1 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 11.01% and Total Return of 27.55%. The estimated 1 year forecast in home value for 5 Goodspeed Ln is 4.45%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ESSEX County , or the 12913 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 12912