INVESTimate
$50,377
51 Hamilton Ave PROPERTY INFO
FACTS
- Built In 1891
- Price/Sqft : $98.72
CONSTRUCTION
- Beds : 4
- Floor Size : 1,486 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
51 Hamilton Ave, Corinth, NY 12822 is a single family home of 1,486 sqft. HomeUnion estimate for 51 Hamilton Ave includes a Price Estimate of $146,705 and a Rent Estimate of $1,374. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1891. This property has an estimated 15 year annualized Yield of 11.24% and Total Return of 19.06%. The estimated 1 year forecast in home value for 51 Hamilton Ave is -1.26%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
51 Hamilton Ave SCHOOLS
Financial Details
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CORINTH
Neighborhood : CORINTH
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 $1,374 per month.
MY RENT : $1,374 MEDIAN RENT : $1,299
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 $1,374 would therefore be considered affordable for annual household incomes greater than $54,960 (12 months x 3.333 x $1,374).
HOUSEHOLD INCOME RANGE
Approximately 1,122 of households in this neighborhood have a total annual income of $54,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,374 per month.
MINIMUM INCOME RANGE : $54,960
COMMUTE TIME DISTRIBUTION
69% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
CORINTH Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 8.6% |
Construction | 8.8% |
Educational Services | 8.6% |
Health Care & Social Assistance | 17.8% |
Manufacturing | 8.0% |
Retail & Wholesale Trader | 16.7% |
Other | 31.5% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 30% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 18.7% |
15-19 | 7.5% |
20-24 | 4.1% |
25-44 | 25.3% |
45-65 | 27.3% |
66+ | 17.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 6.6% |
Healthcare | 7.2% |
Management, Business, & Financial | 8.2% |
Natural Resources Maintenance | 11.4% |
Production & Transportation | 20.3% |
Sales & Office | 25.0% |
Other | 21.3% |
HIGHEST EDUCATION LEVEL
16% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 11.0% |
High School | 41.8% |
Masters Degree | 3.9% |
Some College | 16.2% |
Some High School | 12.6% |
Other | 14.4% |
51 Hamilton Ave Comps
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