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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

615 3rd Avenue Ext Frankfort, NY 13340

3 Beds 2 Baths 1,056 sqft Built 1993
Last updated:  Dec 26, 2019

INVESTimate

$143,442

$134K - $153K

Price Est.

$1,304

$1.0K - $1.6K

Rent Est.

$153,842  ( +7.25%)   1 YR EST. FORECAST
  
  
  

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615 3rd Avenue Ext PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $135.84
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,056 sqft
  • Baths : 2 Full

615 3rd Avenue Ext SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FRANKFORT-SCHUYLER ELEMENTARY SCHOOL Primary Unknown NA
FRANKFORT-SCHUYLER JUNIOR-SENIOR HIGH SCHOOL High Regular 376 19 3

FRANKFORT-SCHUYLER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

FRANKFORT-SCHUYLER JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 376
  • # of teachers: 19
3
GreatSchools Rating
 

Financial Details

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Neighborhood

FRANKFORT

  • 8,318

    POPULATION
  • 3,314

    HOUSEHOLDS
  • 57.7%

    WHITE COLLAR

Neighborhood : FRANKFORT

HOUSEHOLDS
3,314
POPULATION

8,318

24.3%Renters
75.7%Home Owners
LABOR FORCE

 

57.7%White Collar
42.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,304 per month.

MY RENT : $1,304 MEDIAN RENT : $1,297

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.4%
$900-999 3.8%
$1,000-1,499 68.6%
>=$1,500 27.2%
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 $1,304 would therefore be considered affordable for annual household incomes greater than $52,160 (12 months x 3.333 x $1,304).

Rent % Affordability
Above $500 85.6%
Above $700 75.7%
Above $1,100 56.9%
Above $1,500 45.6%
Above $1,900 31.4%
HOUSEHOLD INCOME RANGE

Approximately 1,601 of households in this neighborhood have a total annual income of $52,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,304 per month.

MINIMUM INCOME RANGE : $52,160

Income % Distribution
<$20K 14.4%
$20K-$35K 19.5%
$35K-$60K 20.5%
$60K-$100K 30.7%
>=$100K 14.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 8.4%
10-14 mins 16.7%
15-19 mins 18.9%
20-29 mins 31.8%
30-44 mins 13.8%
45-59 mins 3.1%
>60 mins 2.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,304 per month.

MY RENT : $1,304 MEDIAN RENT : $1,297

Rent % Distribution
$500-699 0.0%
$700-899 0.4%
$900-999 3.8%
$1,000-1,499 68.6%
>=$1,500 27.2%
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 $1,304 would therefore be considered affordable for annual household incomes greater than $52,160 (12 months x 3.333 x $1,304).

Rent % Affordability
Above $500 85.6%
Above $700 75.7%
Above $1,100 56.9%
Above $1,500 45.6%
Above $1,900 31.4%
HOUSEHOLD INCOME RANGE

Approximately 1,601 of households in this neighborhood have a total annual income of $52,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,304 per month.

MINIMUM INCOME RANGE : $52,160

Income % Distribution
<$20K 14.4%
$20K-$35K 19.5%
$35K-$60K 20.5%
$60K-$100K 30.7%
>=$100K 14.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 8.4%
10-14 mins 16.7%
15-19 mins 18.9%
20-29 mins 31.8%
30-44 mins 13.8%
45-59 mins 3.1%
>60 mins 2.9%

FRANKFORT Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.3%
Educational Services 7.3%
Health Care & Social Assistance 22.3%
Manufacturing 11.4%
Public Administration 5.8%
Retail & Wholesale Trader 16.9%
Other 28.0%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 29% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 15.4%
15-19 6.8%
20-24 6.5%
25-44 22.1%
45-65 30.0%
66+ 19.2%
OCCUPATION

Occupation % Distribution
Healthcare 11.8%
Management, Business, & Financial 13.5%
Natural Resources Maintenance 7.0%
PCare 6.7%
Production & Transportation 13.3%
Sales & Office 27.3%
Other 20.3%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 16.3%
High School 35.3%
Masters Degree 5.4%
Some College 18.7%
Some High School 9.0%
Other 15.3%

615 3rd Avenue Ext Comps

Sorry, we do not have sufficient data available.

615 3rd Avenue Ext, Frankfort, NY 13340 is a single family home of 1,056 sqft. HomeUnion INVESTimateĀ® for 615 3rd Avenue Ext includes a Price Estimate of $143,442 and a Rent Estimate of $1,304. This single family home has 3 bedrooms,2 bathrooms, and was built in 1993. This property has an estimated 15 year annualized Yield of 10.91% and Total Return of 20.33%. The estimated 1 year forecast in home value for 615 3rd Avenue Ext is 7.25%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , HERKIMER County , or the 13340 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 13357
  2. 13407
  3. 13350