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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

68 Madigan Rd Melrose, NY 12121

3 Beds 2 Baths 1,488 sqft Built 2017
Last updated:  Jan 23, 2020

INVESTimate

$63,908

$58.5K - $69.3K

Price Est.

$1,230

$1.1K - $1.4K

Rent Est.

$65,014  ( +1.73%)   1 YR EST. FORECAST
  
  
  

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68 Madigan Rd PROPERTY INFO

FACTS
  • Built In 2017
  • Price/Sqft : $42.95
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,488 sqft
  • Baths : 2 Full

68 Madigan Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HOOSIC VALLEY ELEMENTARY SCHOOL Primary Regular 365 29 7
HOOSIC VALLEY MIDDLE SCHOOL Middle Regular 371 26 7
HOOSIC VALLEY SENIOR HIGH SCHOOL High Regular 381 30 7

HOOSIC VALLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 365
  • # of teachers: 29
7
GreatSchools Rating

HOOSIC VALLEY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 371
  • # of teachers: 26
7
GreatSchools Rating

HOOSIC VALLEY SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 381
  • # of teachers: 30
7
GreatSchools Rating
 

Financial Details

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Neighborhood

MELROSE

  • 1,811

    POPULATION
  • 675

    HOUSEHOLDS
  • 67.6%

    WHITE COLLAR

Neighborhood : MELROSE

HOUSEHOLDS
675
POPULATION

1,811

6.1%Renters
93.9%Home Owners
LABOR FORCE

 

67.6%White Collar
32.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,230 per month.

MY RENT : $1,230 MEDIAN RENT : $1,495

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 50.0%
>=$1,500 49.7%
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 $1,230 would therefore be considered affordable for annual household incomes greater than $49,200 (12 months x 3.333 x $1,230).

Rent % Affordability
Above $500 88.3%
Above $700 83.1%
Above $1,100 72.5%
Above $1,500 63.6%
Above $1,900 51.5%
HOUSEHOLD INCOME RANGE

Approximately 448 of households in this neighborhood have a total annual income of $49,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,230 per month.

MINIMUM INCOME RANGE : $49,200

Income % Distribution
<$20K 11.7%
$20K-$35K 9.2%
$35K-$60K 15.4%
$60K-$100K 32.6%
>=$100K 31.0%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.2%
5-9 mins 2.7%
10-14 mins 7.7%
15-19 mins 12.1%
20-29 mins 21.1%
30-44 mins 32.1%
45-59 mins 17.3%
>60 mins 6.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,230 per month.

MY RENT : $1,230 MEDIAN RENT : $1,495

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 50.0%
>=$1,500 49.7%
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 $1,230 would therefore be considered affordable for annual household incomes greater than $49,200 (12 months x 3.333 x $1,230).

Rent % Affordability
Above $500 88.3%
Above $700 83.1%
Above $1,100 72.5%
Above $1,500 63.6%
Above $1,900 51.5%
HOUSEHOLD INCOME RANGE

Approximately 448 of households in this neighborhood have a total annual income of $49,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,230 per month.

MINIMUM INCOME RANGE : $49,200

Income % Distribution
<$20K 11.7%
$20K-$35K 9.2%
$35K-$60K 15.4%
$60K-$100K 32.6%
>=$100K 31.0%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.2%
5-9 mins 2.7%
10-14 mins 7.7%
15-19 mins 12.1%
20-29 mins 21.1%
30-44 mins 32.1%
45-59 mins 17.3%
>60 mins 6.8%

MELROSE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.0%
Educational Services 13.2%
Health Care & Social Assistance 16.3%
Manufacturing 10.2%
Public Administration 8.0%
Retail & Wholesale Trader 12.3%
Other 31.9%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 26% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 14.4%
15-19 6.8%
20-24 4.6%
25-44 20.8%
45-65 33.7%
66+ 19.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.5%
Healthcare 6.5%
Management, Business, & Financial 27.7%
Natural Resources Maintenance 6.8%
Production & Transportation 12.5%
Sales & Office 23.2%
Other 16.8%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 18.4%
High School 39.9%
Masters Degree 4.1%
Some College 15.4%
Some High School 6.8%
Other 15.3%

68 Madigan Rd Comps

Sorry, we do not have sufficient data available.

68 Madigan Rd, Melrose, NY 12121 is a single family home of 1,488 sqft. HomeUnion INVESTimateĀ® for 68 Madigan Rd includes a Price Estimate of $63,908 and a Rent Estimate of $1,230. This single family home has 3 bedrooms,2 bathrooms, and was built in 2017. This property has an estimated 15 year annualized Yield of 23.10% and Total Return of 16.72%. The estimated 1 year forecast in home value for 68 Madigan Rd is 1.73%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , RENSSELAER County , or the 12121 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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