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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

7406 Indian Opening Rd Madison, NY 13402

4 Beds 2 Baths 2,223 sqft Built 1850
Last updated:  Nov 28, 2019

INVESTimate

$150,215

$138K - $163K

Price Est.

$1,756

$1.0K - $2.5K

Rent Est.

$153,925  ( +2.47%)   1 YR EST. FORECAST
  
  
  

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7406 Indian Opening Rd PROPERTY INFO

FACTS
  • Built In 1850
  • Price/Sqft : $67.57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,223 sqft
  • Baths : 2 Full

7406 Indian Opening Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MADISON CENTRAL SCHOOL Primary Regular 477 41 6
MADISON CENTRAL SCHOOL Middle Regular 477 41 6
MADISON CENTRAL SCHOOL High Regular 477 41 6

MADISON CENTRAL SCHOOL

  • Education Level: Primary
  • # of students: 477
  • # of teachers: 41
6
GreatSchools Rating

MADISON CENTRAL SCHOOL

  • Education Level: Middle
  • # of students: 477
  • # of teachers: 41
6
GreatSchools Rating

MADISON CENTRAL SCHOOL

  • Education Level: High
  • # of students: 477
  • # of teachers: 41
6
GreatSchools Rating
 

Financial Details

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Neighborhood

MADISON

  • 1,593

    POPULATION
  • 701

    HOUSEHOLDS
  • 54.1%

    WHITE COLLAR

Neighborhood : MADISON

HOUSEHOLDS
701
POPULATION

1,593

16.1%Renters
83.9%Home Owners
LABOR FORCE

 

54.1%White Collar
45.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,756 per month.

MY RENT : $1,756 MEDIAN RENT : $1,440

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.0%
$1,000-1,499 56.4%
>=$1,500 42.6%
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 $1,756 would therefore be considered affordable for annual household incomes greater than $70,240 (12 months x 3.333 x $1,756).

Rent % Affordability
Above $500 86.7%
Above $700 73.8%
Above $1,100 61.9%
Above $1,500 34.1%
Above $1,900 27.5%
HOUSEHOLD INCOME RANGE

Approximately 122 of households in this neighborhood have a total annual income of $70,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,756 per month.

MINIMUM INCOME RANGE : $70,240

Income % Distribution
<$20K 13.3%
$20K-$35K 21.5%
$35K-$60K 31.1%
$60K-$100K 23.8%
>=$100K 10.3%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.1%
5-9 mins 9.3%
10-14 mins 17.1%
15-19 mins 9.6%
20-29 mins 27.0%
30-44 mins 23.8%
45-59 mins 3.8%
>60 mins 1.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,756 per month.

MY RENT : $1,756 MEDIAN RENT : $1,440

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.0%
$1,000-1,499 56.4%
>=$1,500 42.6%
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 $1,756 would therefore be considered affordable for annual household incomes greater than $70,240 (12 months x 3.333 x $1,756).

Rent % Affordability
Above $500 86.7%
Above $700 73.8%
Above $1,100 61.9%
Above $1,500 34.1%
Above $1,900 27.5%
HOUSEHOLD INCOME RANGE

Approximately 122 of households in this neighborhood have a total annual income of $70,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,756 per month.

MINIMUM INCOME RANGE : $70,240

Income % Distribution
<$20K 13.3%
$20K-$35K 21.5%
$35K-$60K 31.1%
$60K-$100K 23.8%
>=$100K 10.3%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.1%
5-9 mins 9.3%
10-14 mins 17.1%
15-19 mins 9.6%
20-29 mins 27.0%
30-44 mins 23.8%
45-59 mins 3.8%
>60 mins 1.3%

MADISON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.4%
Educational Services 10.5%
Health Care & Social Assistance 11.3%
Manufacturing 18.0%
Professional & Scientific Tech Services 7.0%
Public Administration 10.2%
Other 34.7%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 20% is 24 or younger and 29% is 65 or older.

Age % Distribution
<15 13.8%
15-19 2.0%
20-24 4.3%
25-44 19.5%
45-65 31.0%
66+ 29.4%
OCCUPATION

Occupation % Distribution
Construction 4.4%
Healthcare 15.0%
Management, Business, & Financial 15.0%
Natural Resources Maintenance 17.9%
Production & Transportation 26.8%
Sales & Office 13.3%
Other 7.5%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.3%
High School 56.1%
Masters Degree 3.9%
Some College 7.7%
Some High School 13.1%
Other 9.9%

7406 Indian Opening Rd Comps

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7406 Indian Opening Rd, Madison, NY 13402 is a single family home of 2,223 sqft. HomeUnion INVESTimateĀ® for 7406 Indian Opening Rd includes a Price Estimate of $150,215 and a Rent Estimate of $1,756. This single family home has 4 bedrooms,2 bathrooms, and was built in 1850. This property has an estimated 15 year annualized Yield of 14.03% and Total Return of 21.23%. The estimated 1 year forecast in home value for 7406 Indian Opening Rd is 2.47%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , MADISON County , or the 13402 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 13310
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