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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

921 Route 8 Brookfield, NY 13314

3 Beds 2 Baths 2,736 sqft Built 1890
Last updated:  Nov 28, 2019

INVESTimate

$217,274

$199K - $236K

Price Est.

$1,978

$1.2K - $2.8K

Rent Est.

$222,641  ( +2.47%)   1 YR EST. FORECAST
  
  
  

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921 Route 8 PROPERTY INFO

FACTS
  • Built In 1890
  • Price/Sqft : $79.41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,736 sqft
  • Baths : 2 Full

921 Route 8 SCHOOLS

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Financial Details

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Neighborhood

BROOKFIELD

  • 53

    POPULATION
  • 17

    HOUSEHOLDS
  • 47.3%

    WHITE COLLAR

Neighborhood : BROOKFIELD

HOUSEHOLDS
17
POPULATION

53

23.5%Renters
76.5%Home Owners
LABOR FORCE

 

47.3%White Collar
52.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,978 per month.

MY RENT : $1,978 MEDIAN RENT : $1,241

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 75.0%
>=$1,500 25.0%
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 $1,978 would therefore be considered affordable for annual household incomes greater than $79,120 (12 months x 3.333 x $1,978).

Rent % Affordability
Above $500 91.7%
Above $700 73.3%
Above $1,100 58.3%
Above $1,500 41.7%
Above $1,900 32.7%
HOUSEHOLD INCOME RANGE

Approximately 3 of households in this neighborhood have a total annual income of $79,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,978 per month.

MINIMUM INCOME RANGE : $79,120

Income % Distribution
<$20K 8.3%
$20K-$35K 25.0%
$35K-$60K 25.0%
$60K-$100K 25.0%
>=$100K 16.7%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 4.3%
10-14 mins 17.4%
15-19 mins 13.0%
20-29 mins 26.1%
30-44 mins 26.1%
45-59 mins 4.3%
>60 mins 4.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,978 per month.

MY RENT : $1,978 MEDIAN RENT : $1,241

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 75.0%
>=$1,500 25.0%
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 $1,978 would therefore be considered affordable for annual household incomes greater than $79,120 (12 months x 3.333 x $1,978).

Rent % Affordability
Above $500 91.7%
Above $700 73.3%
Above $1,100 58.3%
Above $1,500 41.7%
Above $1,900 32.7%
HOUSEHOLD INCOME RANGE

Approximately 3 of households in this neighborhood have a total annual income of $79,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,978 per month.

MINIMUM INCOME RANGE : $79,120

Income % Distribution
<$20K 8.3%
$20K-$35K 25.0%
$35K-$60K 25.0%
$60K-$100K 25.0%
>=$100K 16.7%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 4.3%
10-14 mins 17.4%
15-19 mins 13.0%
20-29 mins 26.1%
30-44 mins 26.1%
45-59 mins 4.3%
>60 mins 4.3%

BROOKFIELD Demographics

INDUSTRY

Industry % Distribution
Construction 13.0%
Educational Services 8.7%
Financial Industries 13.0%
Health Care & Social Assistance 17.4%
Manufacturing 8.7%
Retail & Wholesale Trader 8.7%
Other 30.4%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 34% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 18.9%
15-19 9.4%
20-24 5.7%
25-44 24.5%
45-65 24.5%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Healthcare 5.9%
Management, Business, & Financial 11.8%
Natural Resources Maintenance 11.8%
PCare 5.9%
Production & Transportation 17.6%
Sales & Office 29.4%
Other 17.6%
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 18.2%
High School 42.4%
Masters Degree 3.0%
Some College 15.2%
Some High School 9.1%
Other 12.1%

921 Route 8 Comps

Sorry, we do not have sufficient data available.

921 Route 8, Brookfield, NY 13314 is a single family home of 2,736 sqft. HomeUnion INVESTimateĀ® for 921 Route 8 includes a Price Estimate of $217,274 and a Rent Estimate of $1,978. This single family home has 3 bedrooms,2 bathrooms, and was built in 1890. This property has an estimated 15 year annualized Yield of 10.92% and Total Return of 20.55%. The estimated 1 year forecast in home value for 921 Route 8 is 2.47%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , MADISON County , or the 13314 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 13418
  2. 13485
  3. 13335
  4. 13411