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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.

Lake View Rd N Forestport, NY 13338

4 Beds 1 Baths 1,016 sqft Built 1929
Last updated:  Jan 23, 2020

INVESTimate

$98,064

$89.2K - $107K

Price Est.

$1,356

$1.2K - $1.5K

Rent Est.

$99,457  ( +1.42%)   1 YR EST. FORECAST

Lake View Rd N PROPERTY INFO

FACTS
  • Built In 1929
  • Price/Sqft : $96.52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,016 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
Lake View Rd N, Forestport, NY 13338 is a single family home of 1,016 sqft. HomeUnion estimate for Lake View Rd N includes a Price Estimate of $98,064 and a Rent Estimate of $1,356. This single family home has 4 bedrooms, 1 bathrooms, and was built in 1929. This property has an estimated 15 year annualized Yield of 16.59% and Total Return of 31.54%. The estimated 1 year forecast in home value for Lake View Rd N is 1.42%.
  
  
  

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Lake View Rd N SCHOOLS

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Financial Details

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Neighborhood

FORESTPORT

  • 1,174

    POPULATION
  • 546

    HOUSEHOLDS
  • 60.0%

    WHITE COLLAR

Neighborhood : FORESTPORT

HOUSEHOLDS
546
POPULATION

1,174

10.4%Renters
89.6%Home Owners
LABOR FORCE

 

60.0%White Collar
40.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,356 per month.

MY RENT : $1,356 MEDIAN RENT : $1,118

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.9%
$900-999 22.6%
$1,000-1,499 66.9%
>=$1,500 8.7%
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 $1,356 would therefore be considered affordable for annual household incomes greater than $54,240 (12 months x 3.333 x $1,356).

Rent % Affordability
Above $500 83.4%
Above $700 75.7%
Above $1,100 59.2%
Above $1,500 40.4%
Above $1,900 29.7%
HOUSEHOLD INCOME RANGE

Approximately 233 of households in this neighborhood have a total annual income of $54,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,356 per month.

MINIMUM INCOME RANGE : $54,240

Income % Distribution
<$20K 16.6%
$20K-$35K 16.1%
$35K-$60K 26.9%
$60K-$100K 23.1%
>=$100K 17.3%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 7.9%
10-14 mins 12.1%
15-19 mins 9.1%
20-29 mins 12.1%
30-44 mins 30.4%
45-59 mins 13.4%
>60 mins 9.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,356 per month.

MY RENT : $1,356 MEDIAN RENT : $1,118

Rent % Distribution
$500-699 0.0%
$700-899 1.9%
$900-999 22.6%
$1,000-1,499 66.9%
>=$1,500 8.7%
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 $1,356 would therefore be considered affordable for annual household incomes greater than $54,240 (12 months x 3.333 x $1,356).

Rent % Affordability
Above $500 83.4%
Above $700 75.7%
Above $1,100 59.2%
Above $1,500 40.4%
Above $1,900 29.7%
HOUSEHOLD INCOME RANGE

Approximately 233 of households in this neighborhood have a total annual income of $54,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,356 per month.

MINIMUM INCOME RANGE : $54,240

Income % Distribution
<$20K 16.6%
$20K-$35K 16.1%
$35K-$60K 26.9%
$60K-$100K 23.1%
>=$100K 17.3%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 7.9%
10-14 mins 12.1%
15-19 mins 9.1%
20-29 mins 12.1%
30-44 mins 30.4%
45-59 mins 13.4%
>60 mins 9.6%

FORESTPORT Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 16.1%
Construction 14.5%
Educational Services 8.6%
Health Care & Social Assistance 12.2%
Public Administration 9.9%
Retail & Wholesale Trader 11.1%
Other 27.5%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 15% is 24 or younger and 28% is 65 or older.

Age % Distribution
<15 8.3%
15-19 4.7%
20-24 1.9%
25-44 15.6%
45-65 41.6%
66+ 28.0%
OCCUPATION

Occupation % Distribution
Construction 5.7%
Healthcare 9.5%
Management, Business, & Financial 19.9%
Natural Resources Maintenance 18.2%
Production & Transportation 9.5%
Sales & Office 19.9%
Other 17.3%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.3%
High School 39.9%
Masters Degree 8.3%
Some College 16.3%
Some High School 8.3%
Other 14.9%

Lake View Rd N 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 , ONEIDA County , or the 13338 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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  3. Lake View Rd S

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Nearest zipcodes within 2 miles

  1. 13032
  2. 13494