Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

518 Morey Park Hill Rd Schodack Landing, NY 12156

3 Beds 1 Baths 966 sqft Built 1929
Last updated:  Jan 23, 2020

INVESTimate

$83,998

$76.1K - $91.9K

Price Est.

$1,083

936 - $1.2K

Rent Est.

$85,560  ( +1.86%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

518 Morey Park Hill Rd PROPERTY INFO

FACTS
  • Built In 1929
  • Price/Sqft : $86.95
CONSTRUCTION
  • Beds : 3
  • Floor Size : 966 sqft
  • Baths : 1 Full

518 Morey Park Hill Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
D.P. SUTHERLAND ELEMENTARY SCHOOL Primary Regular 321 25 NA
HOWARD L. GOFF MIDDLE SCHOOL Middle Regular 936 75 NA
COLUMBIA HIGH SCHOOL High Regular 1,482 101 8

D.P. SUTHERLAND ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 321
  • # of teachers: 25
-1
GreatSchools Rating

HOWARD L. GOFF MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 936
  • # of teachers: 75
-1
GreatSchools Rating

COLUMBIA HIGH SCHOOL

  • Education Level: High
  • # of students: 1,482
  • # of teachers: 101
8
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

SCHODACK LANDING

  • 972

    POPULATION
  • 375

    HOUSEHOLDS
  • 71.0%

    WHITE COLLAR

Neighborhood : SCHODACK LANDING

HOUSEHOLDS
375
POPULATION

972

21.4%Renters
78.6%Home Owners
LABOR FORCE

 

71.0%White Collar
29.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,083 per month.

MY RENT : $1,083 MEDIAN RENT : $1,509

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 48.4%
>=$1,500 51.6%
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 $1,083 would therefore be considered affordable for annual household incomes greater than $43,320 (12 months x 3.333 x $1,083).

Rent % Affordability
Above $500 88.8%
Above $700 87.3%
Above $1,100 74.2%
Above $1,500 56.4%
Above $1,900 44.4%
HOUSEHOLD INCOME RANGE

Approximately 240 of households in this neighborhood have a total annual income of $43,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,083 per month.

MINIMUM INCOME RANGE : $43,320

Income % Distribution
<$20K 11.2%
$20K-$35K 4.5%
$35K-$60K 27.8%
$60K-$100K 25.4%
>=$100K 31.0%
COMMUTE TIME DISTRIBUTION

83% of the working population has a commute time of 15 to 44 minutes, 12% 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 1.9%
5-9 mins 4.3%
10-14 mins 6.2%
15-19 mins 17.9%
20-29 mins 32.2%
30-44 mins 32.5%
45-59 mins 2.9%
>60 mins 2.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,083 per month.

MY RENT : $1,083 MEDIAN RENT : $1,509

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 48.4%
>=$1,500 51.6%
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 $1,083 would therefore be considered affordable for annual household incomes greater than $43,320 (12 months x 3.333 x $1,083).

Rent % Affordability
Above $500 88.8%
Above $700 87.3%
Above $1,100 74.2%
Above $1,500 56.4%
Above $1,900 44.4%
HOUSEHOLD INCOME RANGE

Approximately 240 of households in this neighborhood have a total annual income of $43,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,083 per month.

MINIMUM INCOME RANGE : $43,320

Income % Distribution
<$20K 11.2%
$20K-$35K 4.5%
$35K-$60K 27.8%
$60K-$100K 25.4%
>=$100K 31.0%
COMMUTE TIME DISTRIBUTION

83% of the working population has a commute time of 15 to 44 minutes, 12% 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 1.9%
5-9 mins 4.3%
10-14 mins 6.2%
15-19 mins 17.9%
20-29 mins 32.2%
30-44 mins 32.5%
45-59 mins 2.9%
>60 mins 2.1%

SCHODACK LANDING Demographics

INDUSTRY

Industry % Distribution
Construction 17.6%
Educational Services 7.3%
Health Care & Social Assistance 15.1%
Professional & Scientific Tech Services 10.5%
Public Administration 16.3%
Retail & Wholesale Trader 7.8%
Other 25.4%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 35% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 23.4%
15-19 8.0%
20-24 3.4%
25-44 27.3%
45-65 26.6%
66+ 11.3%
OCCUPATION

Occupation % Distribution
Construction 7.6%
Healthcare 9.5%
Management, Business, & Financial 29.9%
Production & Transportation 8.8%
Protect 8.8%
Sales & Office 15.2%
Other 20.1%
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 14.5%
High School 13.2%
Masters Degree 9.4%
Some College 31.1%
Some High School 14.2%
Other 17.6%

518 Morey Park Hill Rd Comps

Sorry, we do not have sufficient data available.

518 Morey Park Hill Rd, Schodack Landing, NY 12156 is a single family home of 966 sqft. HomeUnion INVESTimateĀ® for 518 Morey Park Hill Rd includes a Price Estimate of $83,998 and a Rent Estimate of $1,083. This single family home has 3 bedrooms,1 bathrooms, and was built in 1929. This property has an estimated 15 year annualized Yield of 15.47% and Total Return of 21.98%. The estimated 1 year forecast in home value for 518 Morey Park Hill Rd is 1.86%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , RENSSELAER County , or the 12156 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Browse other real estate investments on Morey Park Hill Rd

  1. 518 Morey Park Hill Rd

Similar Investment Properties By Bed/Bath within 2 miles

  1. 9 Co 7

Similar Investment Properties By List Price within 2 miles

  1. 281 Co 7
  2. 257 Co 7
  3. 658 Co 7

Nearest zipcodes within 2 miles

  1. 12123
  2. 12182
  3. 12062
  4. 12063
  5. 12061