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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

10 Prospect Ave Jamestown, RI 02835

4 Beds 5 Baths 2,432 sqft Built 2006
Last updated:  Jan 23, 2020

INVESTimate

$774,565

$727K - $822K

Price Est.

$4,056

$3.5K - $4.6K

Rent Est.

$818,638  ( +5.69%)   1 YR EST. FORECAST
  
  
  

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10 Prospect Ave PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $318.49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,432 sqft
  • Baths : 4 Full 1 Half

10 Prospect Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAWN AVENUE SCHOOL Primary Regular 196 25 9
LAWN AVENUE SCHOOL Middle Regular 196 25 9

LAWN AVENUE SCHOOL

  • Education Level: Primary
  • # of students: 196
  • # of teachers: 25
9
GreatSchools Rating

LAWN AVENUE SCHOOL

  • Education Level: Middle
  • # of students: 196
  • # of teachers: 25
9
GreatSchools Rating
 

Financial Details

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Neighborhood

East Passage Estates

  • 432

    POPULATION
  • 148

    HOUSEHOLDS
  • 61.7%

    WHITE COLLAR

Neighborhood : East Passage Estates

HOUSEHOLDS
148
POPULATION

432

3.8%Renters
96.2%Home Owners
LABOR FORCE

 

61.7%White Collar
38.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,056 per month.

MY RENT : $4,056 MEDIAN RENT : $3,130

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $4,056 would therefore be considered affordable for annual household incomes greater than $162,240 (12 months x 3.333 x $4,056).

Rent % Affordability
Above $500 89.4%
Above $700 89.4%
Above $1,100 89.4%
Above $1,500 89.4%
Above $1,900 84.1%
HOUSEHOLD INCOME RANGE

Approximately 36 of households in this neighborhood have a total annual income of $162,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,056 per month.

MINIMUM INCOME RANGE : $162,240

Income % Distribution
<$20K 10.6%
$20K-$35K 0.0%
$35K-$60K 0.0%
$60K-$100K 21.9%
>=$100K 67.5%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 32.9%
15-19 mins 6.0%
20-29 mins 33.5%
30-44 mins 9.0%
45-59 mins 8.4%
>60 mins 10.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,056 per month.

MY RENT : $4,056 MEDIAN RENT : $3,130

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $4,056 would therefore be considered affordable for annual household incomes greater than $162,240 (12 months x 3.333 x $4,056).

Rent % Affordability
Above $500 89.4%
Above $700 89.4%
Above $1,100 89.4%
Above $1,500 89.4%
Above $1,900 84.1%
HOUSEHOLD INCOME RANGE

Approximately 36 of households in this neighborhood have a total annual income of $162,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,056 per month.

MINIMUM INCOME RANGE : $162,240

Income % Distribution
<$20K 10.6%
$20K-$35K 0.0%
$35K-$60K 0.0%
$60K-$100K 21.9%
>=$100K 67.5%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 32.9%
15-19 mins 6.0%
20-29 mins 33.5%
30-44 mins 9.0%
45-59 mins 8.4%
>60 mins 10.2%

East Passage Estates Demographics

INDUSTRY

Industry % Distribution
Administrative Support 12.5%
Arts & Entertainment 12.0%
Educational Services 21.8%
Manufacturing 15.7%
Professional & Scientific Tech Services 11.1%
Transportation 7.9%
Other 19.0%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 28% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 8.6%
15-19 6.5%
20-24 12.7%
25-44 5.3%
45-65 48.8%
66+ 18.1%
OCCUPATION

Occupation % Distribution
Clean 35.6%
Computer Engineering 19.3%
Construction 7.4%
Healthcare 4.4%
Management, Business, & Financial 20.7%
Production & Transportation 12.6%
Other -0.0%
HIGHEST EDUCATION LEVEL

56% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.0%
Doctorate 12.0%
High School 20.3%
Masters Degree 31.6%
Some College 7.6%
Other 21.6%

10 Prospect Ave Comps

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10 Prospect Ave, Jamestown, RI 02835 is a single family home of 2,432 sqft. HomeUnion INVESTimateĀ® for 10 Prospect Ave includes a Price Estimate of $774,565 and a Rent Estimate of $4,056. This single family home has 4 bedrooms,5 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 6.28% and Total Return of 21.61%. The estimated 1 year forecast in home value for 10 Prospect Ave is 5.69%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in RI , NEWPORT County , or the 02835 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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