INVESTimate
$40,925
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957 Turnpike Rd PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $48.70
CONSTRUCTION
- Beds : 3
- Floor Size : 2,280 sqft
- Baths : 2 Full
957 Turnpike Rd SCHOOLS
Financial Details
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SHERBURNE
Neighborhood : SHERBURNE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,795 per month.
MY RENT : $1,795 MEDIAN RENT : $1,820
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 $1,795 would therefore be considered affordable for annual household incomes greater than $71,800 (12 months x 3.333 x $1,795).
HOUSEHOLD INCOME RANGE
Approximately 378 of households in this neighborhood have a total annual income of $71,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,795 per month.
MINIMUM INCOME RANGE : $71,800
COMMUTE TIME DISTRIBUTION
51% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
SHERBURNE Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 7.2% |
| Educational Services | 13.2% |
| Health Care & Social Assistance | 12.2% |
| Manufacturing | 13.6% |
| Public Administration | 6.8% |
| Retail & Wholesale Trader | 10.7% |
| Other | 36.4% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 29% is 24 or younger and 19% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 17.7% |
| 15-19 | 5.8% |
| 20-24 | 5.2% |
| 25-44 | 20.2% |
| 45-65 | 32.2% |
| 66+ | 18.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 4.9% |
| Healthcare | 11.2% |
| Management, Business, & Financial | 19.9% |
| Natural Resources Maintenance | 9.6% |
| Production & Transportation | 16.9% |
| Sales & Office | 18.2% |
| Other | 19.2% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 12.1% |
| High School | 33.8% |
| Masters Degree | 7.1% |
| Some College | 20.5% |
| Some High School | 14.9% |
| Other | 11.5% |
957 Turnpike Rd Comps
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957 Turnpike Rd, Sherburne, NY 13460 is a single family home of 2,280 sqft. HomeUnion INVESTimateĀ® for 957 Turnpike Rd includes a Price Estimate of $111,037 and a Rent Estimate of $1,795. This single family home has 3 bedrooms,2 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 19.40% and Total Return of 35.42%. The estimated 1 year forecast in home value for 957 Turnpike Rd is 6.8%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , CHENANGO County , or the 13460 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
