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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

197 Narragansett Ave Jamestown, RI 02835

3 Beds 2 Baths 1,374 sqft Built 1948
Last updated:  Jan 23, 2020

INVESTimate

$667,327

$626K - $708K

Price Est.

$2,131

$1.8K - $2.4K

Rent Est.

$705,298  ( +5.69%)   1 YR EST. FORECAST
  
  
  

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197 Narragansett Ave PROPERTY INFO

FACTS
  • Built In 1948
  • Price/Sqft : $485.68
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,374 sqft
  • Baths : 1 Full 1 Half

197 Narragansett 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

West Ferry

  • 114

    POPULATION
  • 54

    HOUSEHOLDS
  • 81.8%

    WHITE COLLAR

Neighborhood : West Ferry

HOUSEHOLDS
54
POPULATION

114

30.2%Renters
69.8%Home Owners
LABOR FORCE

 

81.8%White Collar
18.2%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 $2,131 per month.

MY RENT : $2,131 MEDIAN RENT : $2,813

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 $2,131 would therefore be considered affordable for annual household incomes greater than $85,240 (12 months x 3.333 x $2,131).

Rent % Affordability
Above $500 83.0%
Above $700 79.2%
Above $1,100 75.8%
Above $1,500 62.3%
Above $1,900 52.2%
HOUSEHOLD INCOME RANGE

Approximately 22 of households in this neighborhood have a total annual income of $85,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,131 per month.

MINIMUM INCOME RANGE : $85,240

Income % Distribution
<$20K 17.0%
$20K-$35K 5.7%
$35K-$60K 15.1%
$60K-$100K 24.5%
>=$100K 37.7%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 7.7%
10-14 mins 9.6%
15-19 mins 3.8%
20-29 mins 26.9%
30-44 mins 25.0%
45-59 mins 13.5%
>60 mins 11.5%
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 $2,131 per month.

MY RENT : $2,131 MEDIAN RENT : $2,813

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 $2,131 would therefore be considered affordable for annual household incomes greater than $85,240 (12 months x 3.333 x $2,131).

Rent % Affordability
Above $500 83.0%
Above $700 79.2%
Above $1,100 75.8%
Above $1,500 62.3%
Above $1,900 52.2%
HOUSEHOLD INCOME RANGE

Approximately 22 of households in this neighborhood have a total annual income of $85,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,131 per month.

MINIMUM INCOME RANGE : $85,240

Income % Distribution
<$20K 17.0%
$20K-$35K 5.7%
$35K-$60K 15.1%
$60K-$100K 24.5%
>=$100K 37.7%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 7.7%
10-14 mins 9.6%
15-19 mins 3.8%
20-29 mins 26.9%
30-44 mins 25.0%
45-59 mins 13.5%
>60 mins 11.5%

West Ferry Demographics

INDUSTRY

Industry % Distribution
Educational Services 24.6%
Health Care & Social Assistance 14.8%
Manufacturing 9.8%
Professional & Scientific Tech Services 9.8%
Real Estate 8.2%
Retail & Wholesale Trader 8.2%
Other 24.6%
AGE DISTRIBUTION

61% of the population is between the ages of 25 and 64, 19% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 7.0%
15-19 9.6%
20-24 2.6%
25-44 16.7%
45-65 44.7%
66+ 19.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.7%
Construction 10.3%
Healthcare 10.3%
Management, Business, & Financial 15.4%
Production & Transportation 10.3%
Sales & Office 28.2%
Other 17.9%
HIGHEST EDUCATION LEVEL

41% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 12.5%
Masters Degree 29.5%
Professional 10.2%
Some College 15.9%
Some High School 2.3%
Other 29.5%

197 Narragansett Ave Comps

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197 Narragansett Ave, Jamestown, RI 02835 is a single family home of 1,374 sqft. HomeUnion INVESTimateĀ® for 197 Narragansett Ave includes a Price Estimate of $667,327 and a Rent Estimate of $2,131. This single family home has 3 bedrooms,2 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 3.83% and Total Return of 14.71%. The estimated 1 year forecast in home value for 197 Narragansett Ave is 5.69%.

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