INVESTimate
$150,519
6 Phila St PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $192.16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,730 sqft
- Baths : 3 Full
PROPERTY DESCRIPTION
6 Phila St, Mendon, NY 14506 is a single family home of 2,730 sqft. HomeUnion estimate for 6 Phila St includes a Price Estimate of $524,600 and a Rent Estimate of $3,749. This single family home has 4 bedrooms, 3 bathrooms, and was built in 2013. This property has an estimated 15 year annualized Yield of 8.58% and Total Return of 17.05%. The estimated 1 year forecast in home value for 6 Phila St is 3.21%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
6 Phila St SCHOOLS
Financial Details
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MENDON
Neighborhood : MENDON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,749 per month.
MY RENT : $3,749 MEDIAN RENT : $2,274
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 $3,749 would therefore be considered affordable for annual household incomes greater than $149,960 (12 months x 3.333 x $3,749).
HOUSEHOLD INCOME RANGE
Approximately 114 of households in this neighborhood have a total annual income of $149,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,749 per month.
MINIMUM INCOME RANGE : $149,960
COMMUTE TIME DISTRIBUTION
71% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.
MENDON Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 6.7% |
Educational Services | 15.2% |
Health Care & Social Assistance | 9.5% |
Manufacturing | 16.7% |
Professional & Scientific Tech Services | 12.2% |
Retail & Wholesale Trader | 15.1% |
Other | 24.6% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 38% is 24 or younger and 12% is 65 or older.
Age | % Distribution |
---|---|
<15 | 25.6% |
15-19 | 8.3% |
20-24 | 4.2% |
25-44 | 13.1% |
45-65 | 37.0% |
66+ | 11.8% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 7.2% |
Computer Engineering | 17.5% |
Construction | 6.7% |
Management, Business, & Financial | 30.3% |
Production & Transportation | 11.7% |
Sales & Office | 13.3% |
Other | 13.3% |
HIGHEST EDUCATION LEVEL
39% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 9.2% |
High School | 13.8% |
Masters Degree | 20.9% |
Professional | 4.8% |
Some College | 13.1% |
Other | 38.2% |
6 Phila St Comps
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