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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

Hotel Rd Russia, NY 13438

2 Beds 1 Baths 440 sqft Built 1940
Last updated:  Dec 26, 2019

INVESTimate

$143,744

$134K - $153K

Price Est.

$1,011

888 - $1.1K

Rent Est.

$165,435  ( +15.09%)   1 YR EST. FORECAST
  
  
  

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Hotel Rd PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $326.69
CONSTRUCTION
  • Beds : 2
  • Floor Size : 440 sqft
  • Baths : 1 Full

Hotel Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
REMSON ELEMENTARY SCHOOL Primary Regular 233 16 5
REMSEN HIGH SCHOOL Middle Regular 205 18 6
REMSEN HIGH SCHOOL High Regular 205 18 6

REMSON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 233
  • # of teachers: 16
5
GreatSchools Rating

REMSEN HIGH SCHOOL

  • Education Level: Middle
  • # of students: 205
  • # of teachers: 18
6
GreatSchools Rating

REMSEN HIGH SCHOOL

  • Education Level: High
  • # of students: 205
  • # of teachers: 18
6
GreatSchools Rating
 

Financial Details

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Neighborhood

REMSEN

  • 3,317

    POPULATION
  • 1,433

    HOUSEHOLDS
  • 55.0%

    WHITE COLLAR

Neighborhood : REMSEN

HOUSEHOLDS
1,433
POPULATION

3,317

13.8%Renters
86.2%Home Owners
LABOR FORCE

 

55.0%White Collar
45.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 72% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,011 per month.

MY RENT : $1,011 MEDIAN RENT : $1,159

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 6.7%
$900-999 20.2%
$1,000-1,499 53.0%
>=$1,500 20.1%
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 $1,011 would therefore be considered affordable for annual household incomes greater than $40,440 (12 months x 3.333 x $1,011).

Rent % Affordability
Above $500 88.0%
Above $700 81.6%
Above $1,100 61.1%
Above $1,500 45.9%
Above $1,900 32.3%
HOUSEHOLD INCOME RANGE

Approximately 787 of households in this neighborhood have a total annual income of $40,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,011 per month.

MINIMUM INCOME RANGE : $40,440

Income % Distribution
<$20K 12.0%
$20K-$35K 14.8%
$35K-$60K 27.3%
$60K-$100K 26.6%
>=$100K 19.3%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 18% 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 2.2%
5-9 mins 5.4%
10-14 mins 10.8%
15-19 mins 7.7%
20-29 mins 17.8%
30-44 mins 38.6%
45-59 mins 7.2%
>60 mins 10.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 72% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,011 per month.

MY RENT : $1,011 MEDIAN RENT : $1,159

Rent % Distribution
$500-699 0.0%
$700-899 6.7%
$900-999 20.2%
$1,000-1,499 53.0%
>=$1,500 20.1%
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 $1,011 would therefore be considered affordable for annual household incomes greater than $40,440 (12 months x 3.333 x $1,011).

Rent % Affordability
Above $500 88.0%
Above $700 81.6%
Above $1,100 61.1%
Above $1,500 45.9%
Above $1,900 32.3%
HOUSEHOLD INCOME RANGE

Approximately 787 of households in this neighborhood have a total annual income of $40,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,011 per month.

MINIMUM INCOME RANGE : $40,440

Income % Distribution
<$20K 12.0%
$20K-$35K 14.8%
$35K-$60K 27.3%
$60K-$100K 26.6%
>=$100K 19.3%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 18% 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 2.2%
5-9 mins 5.4%
10-14 mins 10.8%
15-19 mins 7.7%
20-29 mins 17.8%
30-44 mins 38.6%
45-59 mins 7.2%
>60 mins 10.4%

REMSEN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.1%
Educational Services 12.2%
Health Care & Social Assistance 12.8%
Manufacturing 9.0%
Public Administration 9.1%
Retail & Wholesale Trader 16.9%
Other 31.0%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 23% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 14.1%
15-19 3.5%
20-24 5.5%
25-44 20.8%
45-65 37.4%
66+ 18.7%
OCCUPATION

Occupation % Distribution
Construction 7.9%
Management, Business, & Financial 12.3%
Natural Resources Maintenance 14.0%
Production & Transportation 13.4%
Protect 6.2%
Sales & Office 28.6%
Other 17.6%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.2%
High School 40.9%
Masters Degree 5.6%
Some College 21.2%
Some High School 6.2%
Other 15.0%

Hotel Rd Comps

Sorry, we do not have sufficient data available.

Hotel Rd, Russia, NY 13438 is a single family home of 440 sqft. HomeUnion INVESTimateĀ® for Hotel Rd includes a Price Estimate of $143,744 and a Rent Estimate of $1,011. This single family home has 2 bedrooms,1 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 8.44% and Total Return of 35.61%. The estimated 1 year forecast in home value for Hotel Rd is 15.09%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , HERKIMER County , or the 13438 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 13502
  2. 13324