INVESTimate
$88,201
766 Old Route 22 PROPERTY INFO
FACTS
- Built In 1920
- Price/Sqft : $185.54
CONSTRUCTION
- Beds : 4
- Floor Size : 1,560 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
766 Old Route 22, Amenia, NY 12501 is a single family home of 1,560 sqft. HomeUnion estimate for 766 Old Route 22 includes a Price Estimate of $289,439 and a Rent Estimate of $2,240. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 9.29% and Total Return of 26.22%. The estimated 1 year forecast in home value for 766 Old Route 22 is 3.1%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
766 Old Route 22 SCHOOLS
Financial Details
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AMENIA
Neighborhood : AMENIA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,240 per month.
MY RENT : $2,240 MEDIAN RENT : $2,220
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 $2,240 would therefore be considered affordable for annual household incomes greater than $89,600 (12 months x 3.333 x $2,240).
HOUSEHOLD INCOME RANGE
Approximately 297 of households in this neighborhood have a total annual income of $89,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,240 per month.
MINIMUM INCOME RANGE : $89,600
COMMUTE TIME DISTRIBUTION
36% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.
AMENIA Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 8.5% |
Construction | 14.6% |
Educational Services | 15.5% |
Health Care & Social Assistance | 12.3% |
Information | 4.9% |
Retail & Wholesale Trader | 15.3% |
Other | 28.9% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 35% is 24 or younger and 15% is 65 or older.
Age | % Distribution |
---|---|
<15 | 19.0% |
15-19 | 7.6% |
20-24 | 8.5% |
25-44 | 19.8% |
45-65 | 30.0% |
66+ | 15.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 7.7% |
Healthcare | 8.1% |
Management, Business, & Financial | 12.5% |
Natural Resources Maintenance | 17.9% |
Production & Transportation | 6.1% |
Sales & Office | 28.0% |
Other | 19.6% |
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 | 12.8% |
High School | 28.2% |
Masters Degree | 9.9% |
Some College | 16.5% |
Some High School | 16.0% |
Other | 16.5% |
766 Old Route 22 Comps
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