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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

505 Old Mountain Rd Otisville, NY 10963

5 Beds 2 Baths 2,164 sqft Built 1960
Last updated:  Oct 23, 2019

INVESTimate

$323,079

$299K - $347K

Price Est.

$2,165

$2.0K - $2.4K

Rent Est.

$341,495  ( +5.7%)   1 YR EST. FORECAST
  
  
  

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505 Old Mountain Rd PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $149.30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,164 sqft
  • Baths : 2 Full

505 Old Mountain Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MINISINK VALLEY HIGH SCHOOL High Regular 1,467 88 7

MINISINK VALLEY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,467
  • # of teachers: 88
7
GreatSchools Rating
 

Financial Details

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Neighborhood

OTISVILLE

  • 4,235

    POPULATION
  • 952

    HOUSEHOLDS
  • 53.1%

    WHITE COLLAR

Neighborhood : OTISVILLE

HOUSEHOLDS
952
POPULATION

4,235

17.2%Renters
82.8%Home Owners
LABOR FORCE

 

53.1%White Collar
46.9%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 $2,165 per month.

MY RENT : $2,165 MEDIAN RENT : $1,829

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 14.1%
>=$1,500 85.6%
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 $2,165 would therefore be considered affordable for annual household incomes greater than $86,600 (12 months x 3.333 x $2,165).

Rent % Affordability
Above $500 91.0%
Above $700 85.4%
Above $1,100 75.0%
Above $1,500 61.9%
Above $1,900 50.8%
HOUSEHOLD INCOME RANGE

Approximately 393 of households in this neighborhood have a total annual income of $86,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,165 per month.

MINIMUM INCOME RANGE : $86,600

Income % Distribution
<$20K 9.0%
$20K-$35K 10.4%
$35K-$60K 18.7%
$60K-$100K 23.8%
>=$100K 38.1%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 3.6%
10-14 mins 9.5%
15-19 mins 12.2%
20-29 mins 18.3%
30-44 mins 19.9%
45-59 mins 4.9%
>60 mins 29.1%
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 $2,165 per month.

MY RENT : $2,165 MEDIAN RENT : $1,829

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 14.1%
>=$1,500 85.6%
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 $2,165 would therefore be considered affordable for annual household incomes greater than $86,600 (12 months x 3.333 x $2,165).

Rent % Affordability
Above $500 91.0%
Above $700 85.4%
Above $1,100 75.0%
Above $1,500 61.9%
Above $1,900 50.8%
HOUSEHOLD INCOME RANGE

Approximately 393 of households in this neighborhood have a total annual income of $86,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,165 per month.

MINIMUM INCOME RANGE : $86,600

Income % Distribution
<$20K 9.0%
$20K-$35K 10.4%
$35K-$60K 18.7%
$60K-$100K 23.8%
>=$100K 38.1%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 3.6%
10-14 mins 9.5%
15-19 mins 12.2%
20-29 mins 18.3%
30-44 mins 19.9%
45-59 mins 4.9%
>60 mins 29.1%

OTISVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.4%
Construction 12.7%
Educational Services 16.8%
Health Care & Social Assistance 15.7%
Public Administration 7.1%
Retail & Wholesale Trader 11.6%
Other 28.6%
AGE DISTRIBUTION

70% of the population is between the ages of 25 and 64, 20% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 13.6%
15-19 3.7%
20-24 3.2%
25-44 33.9%
45-65 36.3%
66+ 9.4%
OCCUPATION

Occupation % Distribution
Healthcare 6.0%
Management, Business, & Financial 13.0%
Natural Resources Maintenance 16.6%
Production & Transportation 12.4%
Protect 8.7%
Sales & Office 22.4%
Other 21.0%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.3%
High School 39.1%
Masters Degree 6.2%
Some College 26.3%
Some High School 10.0%
Other 11.0%

505 Old Mountain Rd Comps

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505 Old Mountain Rd, Otisville, NY 10963 is a single family home of 2,164 sqft. HomeUnion INVESTimateĀ® for 505 Old Mountain Rd includes a Price Estimate of $323,079 and a Rent Estimate of $2,165. This single family home has 5 bedrooms,2 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 8.04% and Total Return of 21.98%. The estimated 1 year forecast in home value for 505 Old Mountain Rd is 5.7%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ORANGE County , or the 10963 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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