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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

1606 Snake Hill Rd North Scituate, RI 02857

3 Beds 2 Baths 1,480 sqft Built 1900
Last updated:  Jan 23, 2020

INVESTimate

$257,509

$219K - $296K

Price Est.

$2,012

$1.8K - $2.2K

Rent Est.

$268,273  ( +4.18%)   1 YR EST. FORECAST
  
  
  

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1606 Snake Hill Rd PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $173.99
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,480 sqft
  • Baths : 2 Full

1606 Snake Hill Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WEST GLOCESTER ELEMENTARY SCHOOL Primary Regular 239 22 NA
PONAGANSET MIDDLE SCHOOL Middle Regular 482 32 7
PONAGANSET HIGH SCHOOL High Regular 751 62 6

WEST GLOCESTER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 239
  • # of teachers: 22
-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

NORTH SCITUATE

  • 9,372

    POPULATION
  • 3,573

    HOUSEHOLDS
  • 68.2%

    WHITE COLLAR

Neighborhood : NORTH SCITUATE

HOUSEHOLDS
3,573
POPULATION

9,372

12.8%Renters
87.2%Home Owners
LABOR FORCE

 

68.2%White Collar
31.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,012 per month.

MY RENT : $2,012 MEDIAN RENT : $2,048

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 15.4%
>=$1,500 84.6%
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 $2,012 would therefore be considered affordable for annual household incomes greater than $80,480 (12 months x 3.333 x $2,012).

Rent % Affordability
Above $500 90.3%
Above $700 85.4%
Above $1,100 74.2%
Above $1,500 65.8%
Above $1,900 54.0%
HOUSEHOLD INCOME RANGE

Approximately 1,620 of households in this neighborhood have a total annual income of $80,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,012 per month.

MINIMUM INCOME RANGE : $80,480

Income % Distribution
<$20K 9.7%
$20K-$35K 9.2%
$35K-$60K 15.3%
$60K-$100K 25.4%
>=$100K 40.4%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 5.6%
10-14 mins 5.3%
15-19 mins 7.9%
20-29 mins 31.8%
30-44 mins 29.9%
45-59 mins 7.7%
>60 mins 10.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,012 per month.

MY RENT : $2,012 MEDIAN RENT : $2,048

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 15.4%
>=$1,500 84.6%
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 $2,012 would therefore be considered affordable for annual household incomes greater than $80,480 (12 months x 3.333 x $2,012).

Rent % Affordability
Above $500 90.3%
Above $700 85.4%
Above $1,100 74.2%
Above $1,500 65.8%
Above $1,900 54.0%
HOUSEHOLD INCOME RANGE

Approximately 1,620 of households in this neighborhood have a total annual income of $80,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,012 per month.

MINIMUM INCOME RANGE : $80,480

Income % Distribution
<$20K 9.7%
$20K-$35K 9.2%
$35K-$60K 15.3%
$60K-$100K 25.4%
>=$100K 40.4%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 5.6%
10-14 mins 5.3%
15-19 mins 7.9%
20-29 mins 31.8%
30-44 mins 29.9%
45-59 mins 7.7%
>60 mins 10.6%

NORTH SCITUATE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.3%
Construction 7.7%
Educational Services 12.6%
Health Care & Social Assistance 11.6%
Professional & Scientific Tech Services 8.2%
Retail & Wholesale Trader 14.9%
Other 33.6%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 26% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 12.4%
15-19 7.3%
20-24 6.4%
25-44 19.3%
45-65 34.5%
66+ 20.1%
OCCUPATION

Occupation % Distribution
Healthcare 8.6%
Management, Business, & Financial 23.1%
Natural Resources Maintenance 9.0%
Production & Transportation 8.0%
Protect 6.2%
Sales & Office 19.3%
Other 26.0%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.5%
High School 29.7%
Masters Degree 11.0%
Some College 17.5%
Some High School 6.5%
Other 23.8%

1606 Snake Hill Rd Comps

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1606 Snake Hill Rd, North Scituate, RI 02857 is a single family home of 1,480 sqft. HomeUnion INVESTimateĀ® for 1606 Snake Hill Rd includes a Price Estimate of $257,509 and a Rent Estimate of $2,012. This single family home has 3 bedrooms,2 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 9.38% and Total Return of 24.38%. The estimated 1 year forecast in home value for 1606 Snake Hill Rd is 4.18%.

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

Nearest zipcodes within 2 miles

  1. 02814
  2. 02815
  3. 02859