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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

1603 Plainfield Pike Clayville, RI 02815

4 Beds 2 Baths 1,200 sqft Built 1940
Last updated:  Jan 23, 2020

INVESTimate

$210,672

$185K - $236K

Price Est.

$2,105

$1.9K - $2.4K

Rent Est.

$218,783  ( +3.85%)   1 YR EST. FORECAST
  
  
  

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1603 Plainfield Pike PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $175.56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,200 sqft
  • Baths : 1 Full 1 Half

1603 Plainfield Pike SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CLAYVILLE SCHOOL Primary Unknown NA
SCITUATE MIDDLE SCHOOL Middle Unknown NA
SCITUATE HIGH SCHOOL High Unknown NA

CLAYVILLE SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

SCITUATE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

SCITUATE HIGH SCHOOL

  • Education Level: High
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

CLAYVILLE

  • 118

    POPULATION
  • 54

    HOUSEHOLDS
  • 78.1%

    WHITE COLLAR

Neighborhood : CLAYVILLE

HOUSEHOLDS
54
POPULATION

118

7.1%Renters
92.9%Home Owners
LABOR FORCE

 

78.1%White Collar
21.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,105 per month.

MY RENT : $2,105 MEDIAN RENT : $2,105

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 12.8%
>=$1,500 87.2%
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 $2,105 would therefore be considered affordable for annual household incomes greater than $84,200 (12 months x 3.333 x $2,105).

Rent % Affordability
Above $500 96.2%
Above $700 93.2%
Above $1,100 85.7%
Above $1,500 81.1%
Above $1,900 71.0%
HOUSEHOLD INCOME RANGE

Approximately 31 of households in this neighborhood have a total annual income of $84,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,105 per month.

MINIMUM INCOME RANGE : $84,200

Income % Distribution
<$20K 3.8%
$20K-$35K 3.8%
$35K-$60K 11.3%
$60K-$100K 26.4%
>=$100K 54.7%
COMMUTE TIME DISTRIBUTION

84% of the working population has a commute time of 15 to 44 minutes, 7% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 2.9%
10-14 mins 4.3%
15-19 mins 12.9%
20-29 mins 30.0%
30-44 mins 41.4%
45-59 mins 1.4%
>60 mins 7.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,105 per month.

MY RENT : $2,105 MEDIAN RENT : $2,105

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 12.8%
>=$1,500 87.2%
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 $2,105 would therefore be considered affordable for annual household incomes greater than $84,200 (12 months x 3.333 x $2,105).

Rent % Affordability
Above $500 96.2%
Above $700 93.2%
Above $1,100 85.7%
Above $1,500 81.1%
Above $1,900 71.0%
HOUSEHOLD INCOME RANGE

Approximately 31 of households in this neighborhood have a total annual income of $84,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,105 per month.

MINIMUM INCOME RANGE : $84,200

Income % Distribution
<$20K 3.8%
$20K-$35K 3.8%
$35K-$60K 11.3%
$60K-$100K 26.4%
>=$100K 54.7%
COMMUTE TIME DISTRIBUTION

84% of the working population has a commute time of 15 to 44 minutes, 7% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 2.9%
10-14 mins 4.3%
15-19 mins 12.9%
20-29 mins 30.0%
30-44 mins 41.4%
45-59 mins 1.4%
>60 mins 7.1%

CLAYVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.7%
Educational Services 16.9%
Financial Industries 7.7%
Health Care & Social Assistance 21.5%
Manufacturing 6.2%
Retail & Wholesale Trader 26.2%
Other 13.8%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 31% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 13.6%
15-19 13.6%
20-24 4.2%
25-44 12.7%
45-65 44.1%
66+ 11.9%
OCCUPATION

Occupation % Distribution
Clean 10.0%
Construction 12.5%
Healthcare 12.5%
Management, Business, & Financial 27.5%
Natural Resources Maintenance 10.0%
Sales & Office 20.0%
Other 7.5%
HIGHEST EDUCATION LEVEL

28% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.3%
High School 13.3%
Masters Degree 6.7%
Professional 7.8%
Some College 32.2%
Other 26.7%

1603 Plainfield Pike Comps

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1603 Plainfield Pike, Clayville, RI 02815 is a single family home of 1,200 sqft. HomeUnion INVESTimateĀ® for 1603 Plainfield Pike includes a Price Estimate of $210,672 and a Rent Estimate of $2,105. This single family home has 4 bedrooms,2 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 11.99% and Total Return of 29.35%. The estimated 1 year forecast in home value for 1603 Plainfield Pike is 3.85%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in RI , PROVIDENCE County , or the 02815 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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