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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

86 Shaker Ridge Dr Canaan, NY 12029

5 Beds 5 Baths 6,246 sqft Built 1988
Last updated:  Jan 23, 2020

INVESTimate

$666,256

$608K - $724K

Price Est.

$4,881

$4.3K - $5.5K

Rent Est.

$689,575  ( +3.5%)   1 YR EST. FORECAST
  
  
  

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86 Shaker Ridge Dr PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $106.67
CONSTRUCTION
  • Beds : 5
  • Floor Size : 6,246 sqft
  • Baths : 5 Full

86 Shaker Ridge Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WALTER B. HOWARD ELEMENTARY SCHOOL Primary Regular 230 22 6
NEW LEBANON JUNIOR-SENIOR HIGH SCHOOL Middle Regular 226 26 6
NEW LEBANON JUNIOR-SENIOR HIGH SCHOOL High Regular 226 26 6

WALTER B. HOWARD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 230
  • # of teachers: 22
6
GreatSchools Rating

NEW LEBANON JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 226
  • # of teachers: 26
6
GreatSchools Rating

NEW LEBANON JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 226
  • # of teachers: 26
6
GreatSchools Rating
 

Financial Details

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Neighborhood

CANAAN

  • 1,240

    POPULATION
  • 470

    HOUSEHOLDS
  • 65.8%

    WHITE COLLAR

Neighborhood : CANAAN

HOUSEHOLDS
470
POPULATION

1,240

16.0%Renters
84.0%Home Owners
LABOR FORCE

 

65.8%White Collar
34.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,881 per month.

MY RENT : $4,881 MEDIAN RENT : $2,741

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $4,881 would therefore be considered affordable for annual household incomes greater than $195,240 (12 months x 3.333 x $4,881).

Rent % Affordability
Above $500 96.4%
Above $700 87.8%
Above $1,100 71.7%
Above $1,500 57.4%
Above $1,900 48.0%
HOUSEHOLD INCOME RANGE

Approximately 34 of households in this neighborhood have a total annual income of $195,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,881 per month.

MINIMUM INCOME RANGE : $195,240

Income % Distribution
<$20K 3.6%
$20K-$35K 16.2%
$35K-$60K 22.8%
$60K-$100K 23.9%
>=$100K 33.5%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 8.3%
10-14 mins 9.7%
15-19 mins 12.7%
20-29 mins 20.2%
30-44 mins 26.6%
45-59 mins 11.5%
>60 mins 6.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,881 per month.

MY RENT : $4,881 MEDIAN RENT : $2,741

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $4,881 would therefore be considered affordable for annual household incomes greater than $195,240 (12 months x 3.333 x $4,881).

Rent % Affordability
Above $500 96.4%
Above $700 87.8%
Above $1,100 71.7%
Above $1,500 57.4%
Above $1,900 48.0%
HOUSEHOLD INCOME RANGE

Approximately 34 of households in this neighborhood have a total annual income of $195,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,881 per month.

MINIMUM INCOME RANGE : $195,240

Income % Distribution
<$20K 3.6%
$20K-$35K 16.2%
$35K-$60K 22.8%
$60K-$100K 23.9%
>=$100K 33.5%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 8.3%
10-14 mins 9.7%
15-19 mins 12.7%
20-29 mins 20.2%
30-44 mins 26.6%
45-59 mins 11.5%
>60 mins 6.5%

CANAAN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.3%
Construction 12.7%
Educational Services 10.8%
Health Care & Social Assistance 18.2%
Professional & Scientific Tech Services 11.0%
Retail & Wholesale Trader 10.6%
Other 25.3%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 29% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 14.1%
15-19 10.8%
20-24 3.7%
25-44 16.8%
45-65 29.9%
66+ 24.7%
OCCUPATION

Occupation % Distribution
Adesm 7.1%
Computer Engineering 6.8%
Healthcare 8.2%
Management, Business, & Financial 18.8%
Natural Resources Maintenance 18.8%
Sales & Office 17.1%
Other 23.4%
HIGHEST EDUCATION LEVEL

32% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.1%
High School 24.5%
Masters Degree 17.4%
Some College 18.0%
Some High School 8.9%
Other 23.2%

86 Shaker Ridge Dr Comps

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86 Shaker Ridge Dr, Canaan, NY 12029 is a single family home of 6,246 sqft. HomeUnion INVESTimateĀ® for 86 Shaker Ridge Dr includes a Price Estimate of $666,256 and a Rent Estimate of $4,881. This single family home has 5 bedrooms,5 bathrooms, and was built in 1988. This property has an estimated 15 year annualized Yield of 8.79% and Total Return of 12.28%. The estimated 1 year forecast in home value for 86 Shaker Ridge Dr is 3.5%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , COLUMBIA County , or the 12029 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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