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This page contains information about each property aggregated from public data sources, 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.

551 Back Rd Gilboa, NY 12076

5 Beds 1 Baths 1,804 sqft Built 1850
Last updated:  Jan 23, 2020

INVESTimate

$178,327

$168K - $189K

Price Est.

$2,098

$1.3K - $2.9K

Rent Est.

$181,412  ( +1.73%)   1 YR EST. FORECAST

551 Back Rd PROPERTY INFO

FACTS
  • Built In 1850
  • Price/Sqft : $98.85
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,804 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
551 Back Rd, Gilboa, NY 12076 is a single family home of 1,804 sqft. HomeUnion estimate for 551 Back Rd includes a Price Estimate of $178,327 and a Rent Estimate of $2,098. This single family home has 5 bedrooms, 1 bathrooms, and was built in 1850. This property has an estimated 15 year annualized Yield of 14.12% and Total Return of 32.34%. The estimated 1 year forecast in home value for 551 Back Rd is 1.73%.
  
  
  

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551 Back Rd SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

GILBOA

  • 1,520

    POPULATION
  • 603

    HOUSEHOLDS
  • 50.6%

    WHITE COLLAR

Neighborhood : GILBOA

HOUSEHOLDS
603
POPULATION

1,520

12.4%Renters
87.6%Home Owners
LABOR FORCE

 

50.6%White Collar
49.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 57% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,098 per month.

MY RENT : $2,098 MEDIAN RENT : $1,564

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.1%
$1,000-1,499 42.6%
>=$1,500 57.3%
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 $2,098 would therefore be considered affordable for annual household incomes greater than $83,920 (12 months x 3.333 x $2,098).

Rent % Affordability
Above $500 87.2%
Above $700 76.8%
Above $1,100 60.1%
Above $1,500 45.7%
Above $1,900 32.2%
HOUSEHOLD INCOME RANGE

Approximately 127 of households in this neighborhood have a total annual income of $83,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,098 per month.

MINIMUM INCOME RANGE : $83,920

Income % Distribution
<$20K 12.8%
$20K-$35K 18.1%
$35K-$60K 23.4%
$60K-$100K 29.2%
>=$100K 16.4%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.2%
5-9 mins 5.0%
10-14 mins 9.3%
15-19 mins 11.3%
20-29 mins 19.0%
30-44 mins 21.4%
45-59 mins 11.7%
>60 mins 15.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 57% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,098 per month.

MY RENT : $2,098 MEDIAN RENT : $1,564

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.1%
$1,000-1,499 42.6%
>=$1,500 57.3%
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 $2,098 would therefore be considered affordable for annual household incomes greater than $83,920 (12 months x 3.333 x $2,098).

Rent % Affordability
Above $500 87.2%
Above $700 76.8%
Above $1,100 60.1%
Above $1,500 45.7%
Above $1,900 32.2%
HOUSEHOLD INCOME RANGE

Approximately 127 of households in this neighborhood have a total annual income of $83,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,098 per month.

MINIMUM INCOME RANGE : $83,920

Income % Distribution
<$20K 12.8%
$20K-$35K 18.1%
$35K-$60K 23.4%
$60K-$100K 29.2%
>=$100K 16.4%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.2%
5-9 mins 5.0%
10-14 mins 9.3%
15-19 mins 11.3%
20-29 mins 19.0%
30-44 mins 21.4%
45-59 mins 11.7%
>60 mins 15.1%

GILBOA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.4%
Construction 15.1%
Educational Services 17.1%
Health Care & Social Assistance 8.3%
Retail & Wholesale Trader 9.5%
Transportation 6.9%
Other 30.7%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 23% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 11.8%
15-19 6.4%
20-24 4.5%
25-44 22.0%
45-65 32.0%
66+ 23.2%
OCCUPATION

Occupation % Distribution
Clean 4.9%
Construction 9.0%
Management, Business, & Financial 14.0%
Natural Resources Maintenance 17.1%
Production & Transportation 19.1%
Sales & Office 18.1%
Other 17.8%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.5%
High School 41.9%
Masters Degree 6.1%
Some College 20.0%
Some High School 10.1%
Other 11.4%

551 Back Rd Comps

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