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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

5346 Parkis Mills Rd Galway, NY 12074

2 Beds 2 Baths 1,269 sqft Built 1981
Last updated:  Jan 23, 2020

INVESTimate

$173,783

$164K - $183K

Price Est.

$1,508

$1.4K - $1.6K

Rent Est.

$179,240  ( +3.14%)   1 YR EST. FORECAST
  
  
  

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5346 Parkis Mills Rd PROPERTY INFO

FACTS
  • Built In 1981
  • Price/Sqft : $136.94
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,269 sqft
  • Baths : 1 Full 1 Half

5346 Parkis Mills Rd SCHOOLS

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Financial Details

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Neighborhood

GALWAY

  • 3,027

    POPULATION
  • 1,238

    HOUSEHOLDS
  • 63.8%

    WHITE COLLAR

Neighborhood : GALWAY

HOUSEHOLDS
1,238
POPULATION

3,027

12.2%Renters
87.8%Home Owners
LABOR FORCE

 

63.8%White Collar
36.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,508 per month.

MY RENT : $1,508 MEDIAN RENT : $1,622

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 31.0%
>=$1,500 69.0%
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 $1,508 would therefore be considered affordable for annual household incomes greater than $60,320 (12 months x 3.333 x $1,508).

Rent % Affordability
Above $500 90.2%
Above $700 84.4%
Above $1,100 71.6%
Above $1,500 58.0%
Above $1,900 45.2%
HOUSEHOLD INCOME RANGE

Approximately 517 of households in this neighborhood have a total annual income of $60,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,508 per month.

MINIMUM INCOME RANGE : $60,320

Income % Distribution
<$20K 9.8%
$20K-$35K 11.8%
$35K-$60K 20.4%
$60K-$100K 27.2%
>=$100K 30.9%
COMMUTE TIME DISTRIBUTION

75% of the working population has a commute time of 15 to 44 minutes, 7% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.7%
5-9 mins 3.1%
10-14 mins 3.4%
15-19 mins 8.3%
20-29 mins 34.6%
30-44 mins 31.9%
45-59 mins 12.0%
>60 mins 5.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,508 per month.

MY RENT : $1,508 MEDIAN RENT : $1,622

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 31.0%
>=$1,500 69.0%
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 $1,508 would therefore be considered affordable for annual household incomes greater than $60,320 (12 months x 3.333 x $1,508).

Rent % Affordability
Above $500 90.2%
Above $700 84.4%
Above $1,100 71.6%
Above $1,500 58.0%
Above $1,900 45.2%
HOUSEHOLD INCOME RANGE

Approximately 517 of households in this neighborhood have a total annual income of $60,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,508 per month.

MINIMUM INCOME RANGE : $60,320

Income % Distribution
<$20K 9.8%
$20K-$35K 11.8%
$35K-$60K 20.4%
$60K-$100K 27.2%
>=$100K 30.9%
COMMUTE TIME DISTRIBUTION

75% of the working population has a commute time of 15 to 44 minutes, 7% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.7%
5-9 mins 3.1%
10-14 mins 3.4%
15-19 mins 8.3%
20-29 mins 34.6%
30-44 mins 31.9%
45-59 mins 12.0%
>60 mins 5.9%

GALWAY Demographics

INDUSTRY

Industry % Distribution
Construction 10.3%
Educational Services 9.2%
Health Care & Social Assistance 18.6%
Manufacturing 10.6%
Professional & Scientific Tech Services 8.6%
Retail & Wholesale Trader 13.7%
Other 29.0%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 26% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.0%
15-19 5.5%
20-24 3.1%
25-44 21.5%
45-65 33.6%
66+ 19.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.2%
Healthcare 13.6%
Management, Business, & Financial 19.5%
Natural Resources Maintenance 17.9%
Production & Transportation 8.5%
Sales & Office 16.9%
Other 17.4%
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 11.7%
High School 28.8%
Masters Degree 9.5%
Some College 19.4%
Some High School 7.6%
Other 22.9%

5346 Parkis Mills Rd Comps

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5346 Parkis Mills Rd, Galway, NY 12074 is a single family home of 1,269 sqft. HomeUnion INVESTimateĀ® for 5346 Parkis Mills Rd includes a Price Estimate of $173,783 and a Rent Estimate of $1,508. This single family home has 2 bedrooms,2 bathrooms, and was built in 1981. This property has an estimated 15 year annualized Yield of 10.41% and Total Return of 17.18%. The estimated 1 year forecast in home value for 5346 Parkis Mills Rd is 3.14%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , SARATOGA County , or the 12074 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 12010
  2. 12086