Sell Your Property

Easily Access a network of motivated buyers
This page contains information about each property aggregated from public data sources, 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.

...MORE

This page contains information about each property aggregated from public data sources, 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.

9 Northrup Ave Norwich, NY 13815

4 Beds 2 Baths 2,505 sqft Built 1920
Last updated:  Nov 28, 2019

INVESTimate

$106,393

$101K - $112K

Price Est.

$1,919

$1.1K - $2.7K

Rent Est.

$105,265  ( -1.06%)   1 YR EST. FORECAST

9 Northrup Ave PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $42.47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,505 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
9 Northrup Ave, Norwich, NY 13815 is a single family home of 2,505 sqft. HomeUnion estimate for 9 Northrup Ave includes a Price Estimate of $106,393 and a Rent Estimate of $1,919. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 21.64% and Total Return of 38.68%. The estimated 1 year forecast in home value for 9 Northrup Ave is -1.06%.
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 13.98% GROSS YIELD
    • $7,359 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $170,000
    • $50,800
    • $1,980
  • 2032 GLENRIDGE DRIVE Indianapolis, IN
    • 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units
    AVAILABLE
    • 12.40% GROSS YIELD
    • $5,248 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $90,000
    • $29,600
    • $930
  • 6980 MERRYWOOD DRIVE Fairburn, GA
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1978 ∙ 1units 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1978 ∙ 1units
    AVAILABLE fmls
    • 12.00% GROSS YIELD
    • $10,782 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $140,000
    • $42,850
    • $1,400
  • 809 California STREET Tallahassee, FL
    • 8 beds 8 baths ∙ 3,840 Sqft ∙ Built 1978 ∙ 4units 8 beds 8 baths ∙ 3,840 Sqft ∙ Built 1978 ∙ 4units
    AVAILABLE
    • 11.70% GROSS YIELD
    • $19,240 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $299,900
    • $90,974
    • $2,925

9 Northrup Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PERRY BROWNE INTERMEDIATE SCHOOL Primary Regular 428 37 3
NORWICH MIDDLE SCHOOL Middle Regular 470 42 7
NORWICH HIGH SCHOOL High Regular 638 48 5

PERRY BROWNE INTERMEDIATE SCHOOL

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 37
3
GreatSchools Rating

NORWICH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 470
  • # of teachers: 42
7
GreatSchools Rating

NORWICH HIGH SCHOOL

  • Education Level: High
  • # of students: 638
  • # of teachers: 48
5
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

NORWICH

  • 13,552

    POPULATION
  • 5,533

    HOUSEHOLDS
  • 53.0%

    WHITE COLLAR

Neighborhood : NORWICH

HOUSEHOLDS
5,533
POPULATION

13,552

35.3%Renters
64.7%Home Owners
LABOR FORCE

 

53.0%White Collar
47.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,919 per month.

MY RENT : $1,919 MEDIAN RENT : $1,648

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 0.2%
$1,000-1,499 32.0%
>=$1,500 67.7%
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 $1,919 would therefore be considered affordable for annual household incomes greater than $76,760 (12 months x 3.333 x $1,919).

Rent % Affordability
Above $500 77.1%
Above $700 68.2%
Above $1,100 52.2%
Above $1,500 38.7%
Above $1,900 27.1%
HOUSEHOLD INCOME RANGE

Approximately 1,188 of households in this neighborhood have a total annual income of $76,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,919 per month.

MINIMUM INCOME RANGE : $76,760

Income % Distribution
<$20K 22.9%
$20K-$35K 16.6%
$35K-$60K 21.9%
$60K-$100K 22.4%
>=$100K 16.2%
COMMUTE TIME DISTRIBUTION

37% of the working population has a commute time of 15 to 44 minutes, 54% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.8%
5-9 mins 22.6%
10-14 mins 22.4%
15-19 mins 14.6%
20-29 mins 12.6%
30-44 mins 9.4%
45-59 mins 4.0%
>60 mins 5.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 68% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,919 per month.

MY RENT : $1,919 MEDIAN RENT : $1,648

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 0.2%
$1,000-1,499 32.0%
>=$1,500 67.7%
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 $1,919 would therefore be considered affordable for annual household incomes greater than $76,760 (12 months x 3.333 x $1,919).

Rent % Affordability
Above $500 77.1%
Above $700 68.2%
Above $1,100 52.2%
Above $1,500 38.7%
Above $1,900 27.1%
HOUSEHOLD INCOME RANGE

Approximately 1,188 of households in this neighborhood have a total annual income of $76,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,919 per month.

MINIMUM INCOME RANGE : $76,760

Income % Distribution
<$20K 22.9%
$20K-$35K 16.6%
$35K-$60K 21.9%
$60K-$100K 22.4%
>=$100K 16.2%
COMMUTE TIME DISTRIBUTION

37% of the working population has a commute time of 15 to 44 minutes, 54% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.8%
5-9 mins 22.6%
10-14 mins 22.4%
15-19 mins 14.6%
20-29 mins 12.6%
30-44 mins 9.4%
45-59 mins 4.0%
>60 mins 5.6%

NORWICH Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.8%
Educational Services 10.9%
Financial Industries 8.6%
Health Care & Social Assistance 17.1%
Manufacturing 18.7%
Retail & Wholesale Trader 10.7%
Other 28.2%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 31% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 18.8%
15-19 5.3%
20-24 6.9%
25-44 24.8%
45-65 26.6%
66+ 17.6%
OCCUPATION

Occupation % Distribution
Construction 4.5%
Healthcare 7.2%
Management, Business, & Financial 17.8%
Natural Resources Maintenance 10.7%
Production & Transportation 18.0%
Sales & Office 20.6%
Other 21.3%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.7%
High School 37.0%
Masters Degree 7.6%
Some College 18.5%
Some High School 13.2%
Other 12.0%

9 Northrup Ave Comps

Sorry, we do not have sufficient data available.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHENANGO County , or the 13815 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 13830
  2. 13411