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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

159 Aldrich Rd North Scituate, RI 02857

1 Beds 2 Baths 1,962 sqft Built 1975
Last updated:  Jan 23, 2020

INVESTimate

$442,496

$376K - $509K

Price Est.

$1,550

$1.4K - $1.7K

Rent Est.

$461,479  ( +4.29%)   1 YR EST. FORECAST
  
  
  

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159 Aldrich Rd PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $225.53
CONSTRUCTION
  • Beds : 1
  • Floor Size : 1,962 sqft
  • Baths : 2 Full

159 Aldrich Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FOGARTY MEMORIAL SCHOOL Primary Regular 340 27 NA
PONAGANSET MIDDLE SCHOOL Middle Regular 482 32 7
PONAGANSET HIGH SCHOOL High Regular 751 62 6

FOGARTY MEMORIAL SCHOOL

  • Education Level: Primary
  • # of students: 340
  • # of teachers: 27
-1
GreatSchools Rating

PONAGANSET MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 482
  • # of teachers: 32
7
GreatSchools Rating

PONAGANSET HIGH SCHOOL

  • Education Level: High
  • # of students: 751
  • # of teachers: 62
6
GreatSchools Rating
 

Financial Details

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Neighborhood

West Greenville

  • 1,674

    POPULATION
  • 742

    HOUSEHOLDS
  • 66.4%

    WHITE COLLAR

Neighborhood : West Greenville

HOUSEHOLDS
742
POPULATION

1,674

26.6%Renters
73.4%Home Owners
LABOR FORCE

 

66.4%White Collar
33.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,550 per month.

MY RENT : $1,550 MEDIAN RENT : $1,988

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 17.0%
>=$1,500 83.0%
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 $1,550 would therefore be considered affordable for annual household incomes greater than $62,000 (12 months x 3.333 x $1,550).

Rent % Affordability
Above $500 86.9%
Above $700 78.7%
Above $1,100 59.1%
Above $1,500 50.5%
Above $1,900 45.2%
HOUSEHOLD INCOME RANGE

Approximately 272 of households in this neighborhood have a total annual income of $62,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,550 per month.

MINIMUM INCOME RANGE : $62,000

Income % Distribution
<$20K 13.1%
$20K-$35K 20.6%
$35K-$60K 15.8%
$60K-$100K 22.1%
>=$100K 28.4%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.7%
5-9 mins 8.4%
10-14 mins 11.7%
15-19 mins 11.8%
20-29 mins 24.3%
30-44 mins 28.4%
45-59 mins 5.0%
>60 mins 7.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,550 per month.

MY RENT : $1,550 MEDIAN RENT : $1,988

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 17.0%
>=$1,500 83.0%
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 $1,550 would therefore be considered affordable for annual household incomes greater than $62,000 (12 months x 3.333 x $1,550).

Rent % Affordability
Above $500 86.9%
Above $700 78.7%
Above $1,100 59.1%
Above $1,500 50.5%
Above $1,900 45.2%
HOUSEHOLD INCOME RANGE

Approximately 272 of households in this neighborhood have a total annual income of $62,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,550 per month.

MINIMUM INCOME RANGE : $62,000

Income % Distribution
<$20K 13.1%
$20K-$35K 20.6%
$35K-$60K 15.8%
$60K-$100K 22.1%
>=$100K 28.4%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.7%
5-9 mins 8.4%
10-14 mins 11.7%
15-19 mins 11.8%
20-29 mins 24.3%
30-44 mins 28.4%
45-59 mins 5.0%
>60 mins 7.7%

West Greenville Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.7%
Financial Industries 7.4%
Health Care & Social Assistance 10.9%
Manufacturing 10.0%
Public Administration 9.3%
Retail & Wholesale Trader 22.2%
Other 32.4%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 25% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 13.4%
15-19 7.2%
20-24 4.3%
25-44 16.1%
45-65 35.1%
66+ 24.0%
OCCUPATION

Occupation % Distribution
Clean 6.6%
Healthcare 6.0%
Legal 5.5%
Management, Business, & Financial 22.4%
Natural Resources Maintenance 8.5%
Sales & Office 24.7%
Other 26.2%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.7%
High School 27.4%
Masters Degree 9.4%
Some College 19.2%
Some High School 7.1%
Other 28.3%

159 Aldrich Rd Comps

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159 Aldrich Rd, North Scituate, RI 02857 is a single family home of 1,962 sqft. HomeUnion INVESTimateĀ® for 159 Aldrich Rd includes a Price Estimate of $442,496 and a Rent Estimate of $1,550. This single family home has 1 bedrooms,2 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 4.20% and Total Return of 7.23%. The estimated 1 year forecast in home value for 159 Aldrich Rd is 4.29%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in RI , PROVIDENCE County , or the 02857 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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