1. < Falls 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.

8867 Falls Rd West Falls, NY 14170

3 Beds 2 Baths 1,940 sqft Built 1979
Last updated:  Oct 23, 2019

INVESTimate

$254,212

$236K - $272K

Price Est.

$2,254

$2.0K - $2.5K

Rent Est.

$78,866

Investment Est.

$274,269  ( +7.89%)   1 YR EST. FORECAST

8867 Falls Rd PROPERTY INFO

FACTS
  • Built In 1979
  • Price/Sqft : $131.04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,940 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
8867 Falls Rd, West Falls, NY 14170 is a single family home of 1,940 sqft. HomeUnion estimate for 8867 Falls Rd includes a Price Estimate of $254,212 and a Rent Estimate of $2,254. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1979. This property has an estimated 15 year annualized Yield of 10.64% and Total Return of 22.50%. The estimated 1 year forecast in home value for 8867 Falls Rd is 7.89%.

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8867 Falls Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PARKDALE ELEMENTARY SCHOOL Primary Regular 629 41 8
EAST AURORA HIGH SCHOOL High Regular 668 46 10

PARKDALE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 41
8
GreatSchools Rating

EAST AURORA HIGH SCHOOL

  • Education Level: High
  • # of students: 668
  • # of teachers: 46
10
GreatSchools Rating
 

Financial Details

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Neighborhood

WEST FALLS

  • 2,281

    POPULATION

  • 878

    HOUSEHOLDS

  • 69.2%

    WHITE COLLAR

Neighborhood : WEST FALLS

HOUSEHOLDS
878
POPULATION

2,281

16.6%Renters
83.4%Home Owners
LABOR FORCE

 

69.2%White Collar
30.8%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 $2,254 per month.

MY RENT : $2,254 MEDIAN RENT : $2,202

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.1%
>=$1,500 99.9%
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 $2,254 would therefore be considered affordable for annual household incomes greater than $90,160 (12 months x 3.333 x $2,254).

Rent % Affordability
Above $500 88.8%
Above $700 83.6%
Above $1,100 72.7%
Above $1,500 59.4%
Above $1,900 48.2%
HOUSEHOLD INCOME RANGE

Approximately 335 of households in this neighborhood have a total annual income of $90,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,254 per month.

MINIMUM INCOME RANGE : $90,160

Income % Distribution
<$20K 11.2%
$20K-$35K 10.0%
$35K-$60K 19.4%
$60K-$100K 23.4%
>=$100K 36.0%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 4.0%
10-14 mins 11.8%
15-19 mins 8.4%
20-29 mins 31.9%
30-44 mins 30.8%
45-59 mins 7.2%
>60 mins 4.5%
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 $2,254 per month.

MY RENT : $2,254 MEDIAN RENT : $2,202

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.1%
>=$1,500 99.9%
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 $2,254 would therefore be considered affordable for annual household incomes greater than $90,160 (12 months x 3.333 x $2,254).

Rent % Affordability
Above $500 88.8%
Above $700 83.6%
Above $1,100 72.7%
Above $1,500 59.4%
Above $1,900 48.2%
HOUSEHOLD INCOME RANGE

Approximately 335 of households in this neighborhood have a total annual income of $90,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,254 per month.

MINIMUM INCOME RANGE : $90,160

Income % Distribution
<$20K 11.2%
$20K-$35K 10.0%
$35K-$60K 19.4%
$60K-$100K 23.4%
>=$100K 36.0%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 4.0%
10-14 mins 11.8%
15-19 mins 8.4%
20-29 mins 31.9%
30-44 mins 30.8%
45-59 mins 7.2%
>60 mins 4.5%
WEST FALLS Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 9.5%
Construction 7.9%
Educational Services 7.8%
Health Care & Social Assistance 15.1%
Manufacturing 11.1%
Retail & Wholesale Trader 9.6%
Other 39.1%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 9.1%
Healthcare 17.2%
Management, Business, & Financial 17.5%
Natural Resources Maintenance 12.2%
Production & Transportation 10.2%
Sales & Office 19.7%
Other 14.2%
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 19.7%
15-19 7.1%
20-24 4.5%
25-44 21.4%
45-65 34.5%
66+ 12.8%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 14.2%
High School 26.5%
Masters Degree 9.7%
Some College 19.7%
Some High School 6.1%
Other 23.9%

WEST FALLS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.5%
Construction 7.9%
Educational Services 7.8%
Health Care & Social Assistance 15.1%
Manufacturing 11.1%
Retail & Wholesale Trader 9.6%
Other 39.1%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 31% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 19.7%
15-19 7.1%
20-24 4.5%
25-44 21.4%
45-65 34.5%
66+ 12.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.1%
Healthcare 17.2%
Management, Business, & Financial 17.5%
Natural Resources Maintenance 12.2%
Production & Transportation 10.2%
Sales & Office 19.7%
Other 14.2%
HIGHEST EDUCATION LEVEL

29% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.2%
High School 26.5%
Masters Degree 9.7%
Some College 19.7%
Some High School 6.1%
Other 23.9%

8867 Falls Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , ERIE County , or the 14170 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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