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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

50 Cornelia St Dresden, NY 14441

2 Beds 1 Baths 1,056 sqft Built 1850
Last updated:  Jan 23, 2020

INVESTimate

$81,237

$74.3K - $88.1K

Price Est.

$1,245

955 - $1.5K

Rent Est.

$83,357  ( +2.61%)   1 YR EST. FORECAST
  
  
  

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50 Cornelia St PROPERTY INFO

FACTS
  • Built In 1850
  • Price/Sqft : $76.93
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,056 sqft
  • Baths : 1 Full

50 Cornelia St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PENN YAN ELEMENTARY SCHOOL Primary Regular 626 56 5
PENN YAN MIDDLE SCHOOL Middle Regular 438 34 7
PENN YAN ACADEMY High Regular 575 50 8

PENN YAN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 626
  • # of teachers: 56
5
GreatSchools Rating

PENN YAN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 438
  • # of teachers: 34
7
GreatSchools Rating

PENN YAN ACADEMY

  • Education Level: High
  • # of students: 575
  • # of teachers: 50
8
GreatSchools Rating
 

Financial Details

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Neighborhood

DRESDEN

  • 453

    POPULATION
  • 160

    HOUSEHOLDS
  • 52.4%

    WHITE COLLAR

Neighborhood : DRESDEN

HOUSEHOLDS
160
POPULATION

453

9.7%Renters
90.3%Home Owners
LABOR FORCE

 

52.4%White Collar
47.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,245 per month.

MY RENT : $1,245 MEDIAN RENT : $1,689

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.5%
$1,000-1,499 27.7%
>=$1,500 71.8%
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 $1,245 would therefore be considered affordable for annual household incomes greater than $49,800 (12 months x 3.333 x $1,245).

Rent % Affordability
Above $500 94.3%
Above $700 82.3%
Above $1,100 65.3%
Above $1,500 48.4%
Above $1,900 38.2%
HOUSEHOLD INCOME RANGE

Approximately 83 of households in this neighborhood have a total annual income of $49,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,245 per month.

MINIMUM INCOME RANGE : $49,800

Income % Distribution
<$20K 5.7%
$20K-$35K 22.6%
$35K-$60K 23.3%
$60K-$100K 28.3%
>=$100K 20.1%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.4%
5-9 mins 8.0%
10-14 mins 27.7%
15-19 mins 11.6%
20-29 mins 15.2%
30-44 mins 19.2%
45-59 mins 8.0%
>60 mins 4.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,245 per month.

MY RENT : $1,245 MEDIAN RENT : $1,689

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.5%
$1,000-1,499 27.7%
>=$1,500 71.8%
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 $1,245 would therefore be considered affordable for annual household incomes greater than $49,800 (12 months x 3.333 x $1,245).

Rent % Affordability
Above $500 94.3%
Above $700 82.3%
Above $1,100 65.3%
Above $1,500 48.4%
Above $1,900 38.2%
HOUSEHOLD INCOME RANGE

Approximately 83 of households in this neighborhood have a total annual income of $49,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,245 per month.

MINIMUM INCOME RANGE : $49,800

Income % Distribution
<$20K 5.7%
$20K-$35K 22.6%
$35K-$60K 23.3%
$60K-$100K 28.3%
>=$100K 20.1%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.4%
5-9 mins 8.0%
10-14 mins 27.7%
15-19 mins 11.6%
20-29 mins 15.2%
30-44 mins 19.2%
45-59 mins 8.0%
>60 mins 4.9%

DRESDEN Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.3%
Construction 10.0%
Educational Services 16.3%
Health Care & Social Assistance 7.7%
Manufacturing 21.3%
Retail & Wholesale Trader 13.1%
Other 25.3%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 36% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 19.0%
15-19 4.9%
20-24 12.6%
25-44 27.2%
45-65 23.8%
66+ 12.6%
OCCUPATION

Occupation % Distribution
Construction 5.1%
Healthcare 8.8%
Management, Business, & Financial 16.8%
Natural Resources Maintenance 18.2%
Production & Transportation 24.1%
Sales & Office 16.8%
Other 10.2%
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 8.7%
High School 31.4%
Masters Degree 8.3%
Some College 16.7%
Some High School 19.9%
Other 15.1%

50 Cornelia St Comps

Sorry, we do not have sufficient data available.

50 Cornelia St, Dresden, NY 14441 is a single family home of 1,056 sqft. HomeUnion INVESTimateĀ® for 50 Cornelia St includes a Price Estimate of $81,237 and a Rent Estimate of $1,245. This single family home has 2 bedrooms,1 bathrooms, and was built in 1850. This property has an estimated 15 year annualized Yield of 18.39% and Total Return of 27.70%. The estimated 1 year forecast in home value for 50 Cornelia St is 2.61%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , YATES County , or the 14441 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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