1. < Lake Rd

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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

7883 Lake Rd Sodus Point, NY 14555

3 Beds 2 Baths 1,344 sqft Built 1930
Last updated:  Jan 23, 2020

INVESTimate

$58,614

$49.9K - $67.4K

Price Est.

$1,609

$1.2K - $2.0K

Rent Est.

$27,033

Investment Est.

$61,732  ( +5.32%)   1 YR EST. FORECAST

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7883 Lake Rd PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $43.61
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 Full

7883 Lake Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SODUS MIDDLE SCHOOL Primary Regular 353 23 7
SODUS MIDDLE SCHOOL Middle Regular 353 23 7
SODUS HIGH SCHOOL High Regular 365 23 5

SODUS MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 353
  • # of teachers: 23
7
GreatSchools Rating

SODUS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 353
  • # of teachers: 23
7
GreatSchools Rating

SODUS HIGH SCHOOL

  • Education Level: High
  • # of students: 365
  • # of teachers: 23
5
GreatSchools Rating
 

Financial Details

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Neighborhood

SODUS POINT

  • 1,004

    POPULATION

  • 473

    HOUSEHOLDS

  • 55.9%

    WHITE COLLAR

Neighborhood : SODUS POINT

HOUSEHOLDS
473
POPULATION

1,004

16.2%Renters
83.8%Home Owners
LABOR FORCE

 

55.9%White Collar
44.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 37% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,609 per month.

MY RENT : $1,609 MEDIAN RENT : $1,374

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 10.6%
$900-999 1.6%
$1,000-1,499 50.3%
>=$1,500 37.4%
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 $1,609 would therefore be considered affordable for annual household incomes greater than $64,360 (12 months x 3.333 x $1,609).

Rent % Affordability
Above $500 82.6%
Above $700 73.0%
Above $1,100 49.5%
Above $1,500 38.9%
Above $1,900 28.5%
HOUSEHOLD INCOME RANGE

Approximately 132 of households in this neighborhood have a total annual income of $64,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,609 per month.

MINIMUM INCOME RANGE : $64,360

Income % Distribution
<$20K 17.4%
$20K-$35K 21.0%
$35K-$60K 22.7%
$60K-$100K 17.4%
>=$100K 21.4%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 10.2%
10-14 mins 3.2%
15-19 mins 9.6%
20-29 mins 14.7%
30-44 mins 30.2%
45-59 mins 23.0%
>60 mins 6.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 37% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,609 per month.

MY RENT : $1,609 MEDIAN RENT : $1,374

Rent % Distribution
$500-699 0.0%
$700-899 10.6%
$900-999 1.6%
$1,000-1,499 50.3%
>=$1,500 37.4%
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 $1,609 would therefore be considered affordable for annual household incomes greater than $64,360 (12 months x 3.333 x $1,609).

Rent % Affordability
Above $500 82.6%
Above $700 73.0%
Above $1,100 49.5%
Above $1,500 38.9%
Above $1,900 28.5%
HOUSEHOLD INCOME RANGE

Approximately 132 of households in this neighborhood have a total annual income of $64,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,609 per month.

MINIMUM INCOME RANGE : $64,360

Income % Distribution
<$20K 17.4%
$20K-$35K 21.0%
$35K-$60K 22.7%
$60K-$100K 17.4%
>=$100K 21.4%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 10.2%
10-14 mins 3.2%
15-19 mins 9.6%
20-29 mins 14.7%
30-44 mins 30.2%
45-59 mins 23.0%
>60 mins 6.1%
SODUS POINT Demographics
INDUSTRY

           

Industry % Distribution
Administrative Support 5.6%
Educational Services 14.7%
Health Care & Social Assistance 9.8%
Manufacturing 13.4%
Retail & Wholesale Trader 25.7%
Transportation 9.8%
Other 21.0%
OCCUPATION

           

Occupation % Distribution
Construction 9.1%
Healthcare 8.3%
Management, Business, & Financial 13.0%
Natural Resources Maintenance 11.0%
Production & Transportation 20.9%
Sales & Office 18.5%
Other 19.3%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 17.3%
15-19 5.1%
20-24 3.2%
25-44 17.9%
45-65 26.0%
66+ 30.5%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 10.5%
High School 33.2%
Masters Degree 10.0%
Some College 26.8%
Some High School 4.3%
Other 15.3%

SODUS POINT Demographics

INDUSTRY

Industry % Distribution
Administrative Support 5.6%
Educational Services 14.7%
Health Care & Social Assistance 9.8%
Manufacturing 13.4%
Retail & Wholesale Trader 25.7%
Transportation 9.8%
Other 21.0%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 26% is 24 or younger and 30% is 65 or older.

Age % Distribution
<15 17.3%
15-19 5.1%
20-24 3.2%
25-44 17.9%
45-65 26.0%
66+ 30.5%
OCCUPATION

Occupation % Distribution
Construction 9.1%
Healthcare 8.3%
Management, Business, & Financial 13.0%
Natural Resources Maintenance 11.0%
Production & Transportation 20.9%
Sales & Office 18.5%
Other 19.3%
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 10.5%
High School 33.2%
Masters Degree 10.0%
Some College 26.8%
Some High School 4.3%
Other 15.3%

7883 Lake Rd Comps

Sorry, we do not have sufficient data available.

7883 Lake Rd, Sodus Point, NY 14555 is a single family home of 1,344 sqft. HomeUnion INVESTimateĀ® for 7883 Lake Rd includes a Price Estimate of $58,614 and a Rent Estimate of $1,609. This single family home has 3 bedrooms,2 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 32.94% and Total Return of 36.23%. The estimated 1 year forecast in home value for 7883 Lake Rd is 5.32%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , WAYNE County , or the 14555 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 14551
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