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This page contains information about each property aggregated from public data sources, 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.

7 Marion St Lily Dale, NY 14752

4 Beds 1 Baths 1,616 sqft Built 1922
Last updated:  Oct 23, 2019

INVESTimate

$87,749

$80.5K - $95.0K

Price Est.

$2,024

$1.6K - $2.5K

Rent Est.

$87,995  ( +0.28%)   1 YR EST. FORECAST

7 Marion St PROPERTY INFO

FACTS
  • Built In 1922
  • Price/Sqft : $54.30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,616 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
7 Marion St, Lily Dale, NY 14752 is a single family home of 1,616 sqft. HomeUnion estimate for 7 Marion St includes a Price Estimate of $87,749 and a Rent Estimate of $2,024. This single family home has 4 bedrooms, 1 bathrooms, and was built in 1922. This property has an estimated 15 year annualized Yield of 27.68% and Total Return of 19.74%. The estimated 1 year forecast in home value for 7 Marion St is 0.28%.
  
  
  

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7 Marion St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SINCLAIRVILLE ELEMENTARY SCHOOL Primary Regular 370 26 5

SINCLAIRVILLE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 370
  • # of teachers: 26
5
GreatSchools Rating
 

Financial Details

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Neighborhood

LILY DALE

  • 219

    POPULATION
  • 116

    HOUSEHOLDS
  • 44.4%

    WHITE COLLAR

Neighborhood : LILY DALE

HOUSEHOLDS
116
POPULATION

219

18.5%Renters
81.5%Home Owners
LABOR FORCE

 

44.4%White Collar
55.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,024 per month.

MY RENT : $2,024 MEDIAN RENT : $1,901

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.9%
>=$1,500 91.1%
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 $2,024 would therefore be considered affordable for annual household incomes greater than $80,960 (12 months x 3.333 x $2,024).

Rent % Affordability
Above $500 78.4%
Above $700 69.5%
Above $1,100 54.7%
Above $1,500 35.3%
Above $1,900 18.5%
HOUSEHOLD INCOME RANGE

Approximately 15 of households in this neighborhood have a total annual income of $80,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,024 per month.

MINIMUM INCOME RANGE : $80,960

Income % Distribution
<$20K 21.6%
$20K-$35K 15.5%
$35K-$60K 27.6%
$60K-$100K 27.6%
>=$100K 7.8%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.2%
5-9 mins 29.0%
10-14 mins 7.2%
15-19 mins 13.0%
20-29 mins 29.0%
30-44 mins 5.8%
45-59 mins 5.8%
>60 mins 2.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,024 per month.

MY RENT : $2,024 MEDIAN RENT : $1,901

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.9%
>=$1,500 91.1%
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 $2,024 would therefore be considered affordable for annual household incomes greater than $80,960 (12 months x 3.333 x $2,024).

Rent % Affordability
Above $500 78.4%
Above $700 69.5%
Above $1,100 54.7%
Above $1,500 35.3%
Above $1,900 18.5%
HOUSEHOLD INCOME RANGE

Approximately 15 of households in this neighborhood have a total annual income of $80,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,024 per month.

MINIMUM INCOME RANGE : $80,960

Income % Distribution
<$20K 21.6%
$20K-$35K 15.5%
$35K-$60K 27.6%
$60K-$100K 27.6%
>=$100K 7.8%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.2%
5-9 mins 29.0%
10-14 mins 7.2%
15-19 mins 13.0%
20-29 mins 29.0%
30-44 mins 5.8%
45-59 mins 5.8%
>60 mins 2.9%

LILY DALE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.2%
Construction 12.3%
Educational Services 7.7%
Health Care & Social Assistance 32.3%
Manufacturing 12.3%
Public Administration 6.2%
Other 23.1%
AGE DISTRIBUTION

39% of the population is between the ages of 25 and 64, 40% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 8.7%
15-19 13.7%
20-24 17.4%
25-44 11.9%
45-65 26.9%
66+ 21.5%
OCCUPATION

Occupation % Distribution
Healthcare 11.8%
Natural Resources Maintenance 11.8%
PCare 14.7%
Production & Transportation 29.4%
Sales & Office 20.6%
Social 5.9%
Other 5.9%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 9.9%
High School 34.2%
Masters Degree 11.2%
Some College 23.7%
Some High School 10.5%
Other 10.5%

7 Marion St Comps

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