INVESTimate
$52,336
Financial Details6192 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%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
6192 Reservoir Rd SCHOOLS
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Financial Details
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EARLVILLE
Neighborhood : EARLVILLE
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
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).
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
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.
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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