INVESTimate
$27,730
65 Arnold Ave PROPERTY INFO
FACTS
- Built In 1905
- Price/Sqft : $55.68
CONSTRUCTION
- Beds : 4
- Floor Size : 1,100 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
65 Arnold Ave, Amsterdam, NY 12010 is a single family home of 1,100 sqft. HomeUnion estimate for 65 Arnold Ave includes a Price Estimate of $61,245 and a Rent Estimate of $1,277. This single family home has 4 bedrooms, 1 bathrooms, and was built in 1905. This property has an estimated 15 year annualized Yield of 25.02% and Total Return of 40.73%. The estimated 1 year forecast in home value for 65 Arnold Ave is 3.6%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
65 Arnold Ave SCHOOLS
Financial Details
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AMSTERDAM
Neighborhood : AMSTERDAM
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,277 per month.
MY RENT : $1,277 MEDIAN RENT : $1,460
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 $1,277 would therefore be considered affordable for annual household incomes greater than $51,080 (12 months x 3.333 x $1,277).
HOUSEHOLD INCOME RANGE
Approximately 4,626 of households in this neighborhood have a total annual income of $51,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,277 per month.
MINIMUM INCOME RANGE : $51,080
COMMUTE TIME DISTRIBUTION
45% of the working population has a commute time of 15 to 44 minutes, 37% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.
AMSTERDAM Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 8.8% |
Construction | 7.1% |
Health Care & Social Assistance | 17.1% |
Manufacturing | 14.2% |
Public Administration | 7.2% |
Retail & Wholesale Trader | 17.3% |
Other | 28.4% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 19% is 65 or older.
Age | % Distribution |
---|---|
<15 | 17.5% |
15-19 | 6.1% |
20-24 | 6.9% |
25-44 | 23.6% |
45-65 | 26.7% |
66+ | 19.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 4.1% |
Healthcare | 10.0% |
Management, Business, & Financial | 15.8% |
Natural Resources Maintenance | 10.3% |
Production & Transportation | 18.6% |
Sales & Office | 22.8% |
Other | 18.4% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 13.7% |
High School | 34.6% |
Masters Degree | 5.0% |
Some College | 19.6% |
Some High School | 15.5% |
Other | 11.6% |
65 Arnold Ave Comps
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