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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

138 Narrow Ln Water Mill, NY 11976

5 Beds 4 Baths 2,993 sqft Built 2002
Last updated:  Nov 28, 2019

INVESTimate

$5,168,279

$4.55M - $5.78M

Price Est.

$50,320

$38.8K - $61.9K

Rent Est.

$5,631,357  ( +8.96%)   1 YR EST. FORECAST
  
  
  

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138 Narrow Ln PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $1,726.79
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,993 sqft
  • Baths : 4 Full

138 Narrow Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTHAMPTON INTERMEDIATE SCHOOL Primary Regular 415 44 8
SOUTHAMPTON INTERMEDIATE SCHOOL Middle Regular 415 44 8
SOUTHAMPTON HIGH SCHOOL High Regular 578 56 5

SOUTHAMPTON INTERMEDIATE SCHOOL

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 44
8
GreatSchools Rating

SOUTHAMPTON INTERMEDIATE SCHOOL

  • Education Level: Middle
  • # of students: 415
  • # of teachers: 44
8
GreatSchools Rating

SOUTHAMPTON HIGH SCHOOL

  • Education Level: High
  • # of students: 578
  • # of teachers: 56
5
GreatSchools Rating
 

Financial Details

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Neighborhood

Water Mill

  • 2,140

    POPULATION
  • 897

    HOUSEHOLDS
  • 72.5%

    WHITE COLLAR

Neighborhood : Water Mill

HOUSEHOLDS
897
POPULATION

2,140

12.1%Renters
87.9%Home Owners
LABOR FORCE

 

72.5%White Collar
27.5%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 $50,320 per month.

MY RENT : $50,320 MEDIAN RENT : $43,116

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 $50,320 would therefore be considered affordable for annual household incomes greater than $2,012,800 (12 months x 3.333 x $50,320).

Rent % Affordability
Above $500 98.0%
Above $700 96.7%
Above $1,100 88.2%
Above $1,500 75.2%
Above $1,900 66.1%
HOUSEHOLD INCOME RANGE

Approximately -3,293 of households in this neighborhood have a total annual income of $2,012,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $50,320 per month.

MINIMUM INCOME RANGE : $2,012,800

Income % Distribution
<$20K 2.0%
$20K-$35K 4.3%
$35K-$60K 18.6%
$60K-$100K 22.9%
>=$100K 52.2%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 13.5%
5-9 mins 15.3%
10-14 mins 12.2%
15-19 mins 10.7%
20-29 mins 18.3%
30-44 mins 9.1%
45-59 mins 14.0%
>60 mins 7.0%
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 $50,320 per month.

MY RENT : $50,320 MEDIAN RENT : $43,116

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 $50,320 would therefore be considered affordable for annual household incomes greater than $2,012,800 (12 months x 3.333 x $50,320).

Rent % Affordability
Above $500 98.0%
Above $700 96.7%
Above $1,100 88.2%
Above $1,500 75.2%
Above $1,900 66.1%
HOUSEHOLD INCOME RANGE

Approximately -3,293 of households in this neighborhood have a total annual income of $2,012,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $50,320 per month.

MINIMUM INCOME RANGE : $2,012,800

Income % Distribution
<$20K 2.0%
$20K-$35K 4.3%
$35K-$60K 18.6%
$60K-$100K 22.9%
>=$100K 52.2%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 13.5%
5-9 mins 15.3%
10-14 mins 12.2%
15-19 mins 10.7%
20-29 mins 18.3%
30-44 mins 9.1%
45-59 mins 14.0%
>60 mins 7.0%

Water Mill Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 9.8%
Arts & Entertainment 9.2%
Construction 13.6%
Educational Services 8.2%
Professional & Scientific Tech Services 11.6%
Retail & Wholesale Trader 12.6%
Other 35.0%
AGE DISTRIBUTION

60% of the population is between the ages of 25 and 64, 16% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 9.7%
15-19 1.8%
20-24 4.8%
25-44 19.8%
45-65 39.9%
66+ 24.1%
OCCUPATION

Occupation % Distribution
Construction 8.3%
Healthcare 6.8%
Management, Business, & Financial 21.4%
Natural Resources Maintenance 9.6%
Production & Transportation 7.0%
Sales & Office 22.1%
Other 24.8%
HIGHEST EDUCATION LEVEL

35% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.1%
High School 20.9%
Masters Degree 20.2%
Professional 6.7%
Some College 12.0%
Other 34.1%

138 Narrow Ln Comps

Sorry, we do not have sufficient data available.

138 Narrow Ln, Water Mill, NY 11976 is a single family home of 2,993 sqft. HomeUnion INVESTimateĀ® for 138 Narrow Ln includes a Price Estimate of $5,168,279 and a Rent Estimate of $50,320. This single family home has 5 bedrooms,4 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 11.68% and Total Return of 50.14%. The estimated 1 year forecast in home value for 138 Narrow Ln is 8.96%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , SUFFOLK County , or the 11976 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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