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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.

6192 Reservoir Rd Lebanon, NY 13332

2 Beds 1 Baths 680 sqft Built 1965
Last updated:  Nov 28, 2019

INVESTimate

$154,099

$138K - $170K

Price Est.

$1,162

891 - $1.4K

Rent Est.

$157,674  ( +2.32%)   1 YR EST. FORECAST

6192 Reservoir Rd PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $226.62
CONSTRUCTION
  • Beds : 2
  • Floor Size : 680 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
6192 Reservoir Rd, Lebanon, NY 13332 is a single family home of 680 sqft. HomeUnion estimate for 6192 Reservoir Rd includes a Price Estimate of $154,099 and a Rent Estimate of $1,162. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 9.05% and Total Return of 18.83%. The estimated 1 year forecast in home value for 6192 Reservoir Rd is 2.32%.
  
  
  

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6192 Reservoir Rd SCHOOLS

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Financial Details

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Neighborhood

EARLVILLE

  • 2,373

    POPULATION
  • 904

    HOUSEHOLDS
  • 62.4%

    WHITE COLLAR

Neighborhood : EARLVILLE

HOUSEHOLDS
904
POPULATION

2,373

20.4%Renters
79.6%Home Owners
LABOR FORCE

 

62.4%White Collar
37.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,162 per month.

MY RENT : $1,162 MEDIAN RENT : $1,759

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 23.1%
>=$1,500 76.5%
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 $1,162 would therefore be considered affordable for annual household incomes greater than $46,480 (12 months x 3.333 x $1,162).

Rent % Affordability
Above $500 86.0%
Above $700 76.9%
Above $1,100 59.2%
Above $1,500 44.3%
Above $1,900 30.6%
HOUSEHOLD INCOME RANGE

Approximately 450 of households in this neighborhood have a total annual income of $46,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,162 per month.

MINIMUM INCOME RANGE : $46,480

Income % Distribution
<$20K 14.0%
$20K-$35K 17.5%
$35K-$60K 24.2%
$60K-$100K 29.2%
>=$100K 15.1%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 9.7%
10-14 mins 23.0%
15-19 mins 15.4%
20-29 mins 24.7%
30-44 mins 10.2%
45-59 mins 5.5%
>60 mins 6.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,162 per month.

MY RENT : $1,162 MEDIAN RENT : $1,759

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 23.1%
>=$1,500 76.5%
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 $1,162 would therefore be considered affordable for annual household incomes greater than $46,480 (12 months x 3.333 x $1,162).

Rent % Affordability
Above $500 86.0%
Above $700 76.9%
Above $1,100 59.2%
Above $1,500 44.3%
Above $1,900 30.6%
HOUSEHOLD INCOME RANGE

Approximately 450 of households in this neighborhood have a total annual income of $46,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,162 per month.

MINIMUM INCOME RANGE : $46,480

Income % Distribution
<$20K 14.0%
$20K-$35K 17.5%
$35K-$60K 24.2%
$60K-$100K 29.2%
>=$100K 15.1%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 9.7%
10-14 mins 23.0%
15-19 mins 15.4%
20-29 mins 24.7%
30-44 mins 10.2%
45-59 mins 5.5%
>60 mins 6.2%

EARLVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.2%
Construction 7.2%
Educational Services 23.3%
Health Care & Social Assistance 11.7%
Manufacturing 8.8%
Retail & Wholesale Trader 12.1%
Other 27.7%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 32% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 22.6%
15-19 6.0%
20-24 3.5%
25-44 24.0%
45-65 29.7%
66+ 14.2%
OCCUPATION

Occupation % Distribution
Construction 6.1%
Healthcare 7.0%
Management, Business, & Financial 20.9%
Natural Resources Maintenance 14.5%
Production & Transportation 11.6%
Sales & Office 22.7%
Other 17.2%
HIGHEST EDUCATION LEVEL

26% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 15.2%
High School 34.9%
Masters Degree 6.8%
Some College 16.1%
Some High School 10.9%
Other 16.0%

6192 Reservoir Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , MADISON County , or the 13332 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 13346
  2. 13334