INVESTimate
$35,840
5295 Lebanon Rd PROPERTY INFO
FACTS
- Built In 1900
- Price/Sqft : $80.43
CONSTRUCTION
- Beds : 4
- Floor Size : 1,142 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
5295 Lebanon Rd, Lebanon, NY 13332 is a single family home of 1,142 sqft. HomeUnion estimate for 5295 Lebanon Rd includes a Price Estimate of $91,850 and a Rent Estimate of $1,561. This single family home has 4 bedrooms, 1 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 20.39% and Total Return of 38.16%. The estimated 1 year forecast in home value for 5295 Lebanon Rd is 2.32%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
5295 Lebanon Rd SCHOOLS
Financial Details
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EARLVILLE
Neighborhood : EARLVILLE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,561 per month.
MY RENT : $1,561 MEDIAN RENT : $1,750
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 $1,561 would therefore be considered affordable for annual household incomes greater than $62,440 (12 months x 3.333 x $1,561).
HOUSEHOLD INCOME RANGE
Approximately 212 of households in this neighborhood have a total annual income of $62,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,561 per month.
MINIMUM INCOME RANGE : $62,440
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
EARLVILLE Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 14.7% |
Construction | 6.4% |
Educational Services | 20.7% |
Health Care & Social Assistance | 10.4% |
Manufacturing | 9.5% |
Retail & Wholesale Trader | 11.6% |
Other | 26.8% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 32% is 24 or younger and 15% is 65 or older.
Age | % Distribution |
---|---|
<15 | 21.3% |
15-19 | 6.9% |
20-24 | 4.2% |
25-44 | 24.5% |
45-65 | 28.5% |
66+ | 14.7% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 4.8% |
Healthcare | 8.0% |
Management, Business, & Financial | 17.3% |
Natural Resources Maintenance | 15.1% |
Production & Transportation | 18.3% |
Sales & Office | 19.9% |
Other | 16.6% |
HIGHEST EDUCATION LEVEL
25% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 13.7% |
High School | 35.0% |
Masters Degree | 8.4% |
Some College | 15.9% |
Some High School | 12.0% |
Other | 14.9% |
5295 Lebanon Rd Comps
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