INVESTimate
$53,614
Financial Details500 Briarcliff Ave PROPERTY INFO
FACTS
- Built In 1965
- Price/Sqft : $109.15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,456 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
500 Briarcliff Ave, Utica, NY 13502 is a single family home of 1,456 sqft. HomeUnion estimate for 500 Briarcliff Ave includes a Price Estimate of $158,921 and a Rent Estimate of $1,243. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 9.39% and Total Return of 10.87%. The estimated 1 year forecast in home value for 500 Briarcliff Ave is 3.81%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
500 Briarcliff Ave SCHOOLS
Financial Details
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North Utica
Neighborhood : North Utica
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 $1,243 per month.
MY RENT : $1,243 MEDIAN RENT : $1,168
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 $1,243 would therefore be considered affordable for annual household incomes greater than $49,720 (12 months x 3.333 x $1,243).
HOUSEHOLD INCOME RANGE
Approximately 2,073 of households in this neighborhood have a total annual income of $49,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,243 per month.
MINIMUM INCOME RANGE : $49,720
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.
North Utica Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Educational Services | 13.4% |
| Financial Industries | 8.4% |
| Health Care & Social Assistance | 23.7% |
| Manufacturing | 6.0% |
| Public Administration | 8.1% |
| Retail & Wholesale Trader | 12.7% |
| Other | 27.7% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 26% is 24 or younger and 21% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.9% |
| 15-19 | 4.5% |
| 20-24 | 7.1% |
| 25-44 | 21.1% |
| 45-65 | 31.0% |
| 66+ | 21.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 7.5% |
| Healthcare | 13.9% |
| Management, Business, & Financial | 17.4% |
| Production & Transportation | 10.1% |
| Protect | 9.8% |
| Sales & Office | 22.0% |
| Other | 19.2% |
HIGHEST EDUCATION LEVEL
27% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 18.0% |
| High School | 27.6% |
| Masters Degree | 7.9% |
| Some College | 22.1% |
| Some High School | 8.0% |
| Other | 16.3% |
500 Briarcliff Ave Comps
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