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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.

61 Henderson St New York Mills, NY 13417

6 Beds 4 Baths 3,928 sqft Built 1870
Last updated:  Jan 23, 2020

INVESTimate

$141,218

$128K - $154K

Price Est.

$1,747

$1.5K - $1.9K

Rent Est.

$146,443  ( +3.7%)   1 YR EST. FORECAST

61 Henderson St PROPERTY INFO

FACTS
  • Built In 1870
  • Price/Sqft : $35.95
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,928 sqft
  • Baths : 3 Full 1 Half
PROPERTY DESCRIPTION
61 Henderson St, New York Mills, NY 13417 is a single family home of 3,928 sqft. HomeUnion estimate for 61 Henderson St includes a Price Estimate of $141,218 and a Rent Estimate of $1,747. This single family home has 6 bedrooms, 4 bathrooms, and was built in 1870. This property has an estimated 15 year annualized Yield of 14.85% and Total Return of 23.13%. The estimated 1 year forecast in home value for 61 Henderson St is 3.7%.
  
  
  

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61 Henderson St SCHOOLS

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Financial Details

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Neighborhood

NEW YORK MILLS

  • 3,638

    POPULATION
  • 1,737

    HOUSEHOLDS
  • 57.4%

    WHITE COLLAR

Neighborhood : NEW YORK MILLS

HOUSEHOLDS
1,737
POPULATION

3,638

59.2%Renters
40.8%Home Owners
LABOR FORCE

 

57.4%White Collar
42.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,747 per month.

MY RENT : $1,747 MEDIAN RENT : $1,349

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.3%
$900-999 5.9%
$1,000-1,499 65.6%
>=$1,500 28.2%
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 $1,747 would therefore be considered affordable for annual household incomes greater than $69,880 (12 months x 3.333 x $1,747).

Rent % Affordability
Above $500 81.2%
Above $700 71.2%
Above $1,100 39.7%
Above $1,500 25.8%
Above $1,900 21.1%
HOUSEHOLD INCOME RANGE

Approximately 279 of households in this neighborhood have a total annual income of $69,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,747 per month.

MINIMUM INCOME RANGE : $69,880

Income % Distribution
<$20K 18.8%
$20K-$35K 23.9%
$35K-$60K 31.5%
$60K-$100K 13.9%
>=$100K 11.9%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 24.5%
10-14 mins 19.6%
15-19 mins 19.0%
20-29 mins 27.8%
30-44 mins 4.5%
45-59 mins 0.0%
>60 mins 0.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,747 per month.

MY RENT : $1,747 MEDIAN RENT : $1,349

Rent % Distribution
$500-699 0.0%
$700-899 0.3%
$900-999 5.9%
$1,000-1,499 65.6%
>=$1,500 28.2%
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 $1,747 would therefore be considered affordable for annual household incomes greater than $69,880 (12 months x 3.333 x $1,747).

Rent % Affordability
Above $500 81.2%
Above $700 71.2%
Above $1,100 39.7%
Above $1,500 25.8%
Above $1,900 21.1%
HOUSEHOLD INCOME RANGE

Approximately 279 of households in this neighborhood have a total annual income of $69,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,747 per month.

MINIMUM INCOME RANGE : $69,880

Income % Distribution
<$20K 18.8%
$20K-$35K 23.9%
$35K-$60K 31.5%
$60K-$100K 13.9%
>=$100K 11.9%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 24.5%
10-14 mins 19.6%
15-19 mins 19.0%
20-29 mins 27.8%
30-44 mins 4.5%
45-59 mins 0.0%
>60 mins 0.8%

NEW YORK MILLS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.0%
Educational Services 5.7%
Financial Industries 9.4%
Health Care & Social Assistance 25.1%
Manufacturing 17.0%
Retail & Wholesale Trader 13.7%
Other 23.0%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 30% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 17.9%
15-19 4.6%
20-24 7.5%
25-44 23.1%
45-65 25.8%
66+ 21.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 11.5%
Healthcare 12.4%
Management, Business, & Financial 13.9%
Natural Resources Maintenance 10.3%
Production & Transportation 17.8%
Sales & Office 17.6%
Other 16.5%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.0%
High School 43.4%
Masters Degree 3.2%
Some College 22.9%
Some High School 5.3%
Other 17.2%

61 Henderson St Comps

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