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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

2 Old Walcott Ave Jamestown, RI 02835

4 Beds 4 Baths 2,535 sqft Built 1980
Last updated:  Jan 23, 2020

INVESTimate

$1,221,518

$1.15M - $1.30M

Price Est.

$3,556

$3.1K - $4.0K

Rent Est.

$1,285,159  ( +5.21%)   1 YR EST. FORECAST
  
  
  

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2 Old Walcott Ave PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $481.86
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,535 sqft
  • Baths : 3 Full 1 Half

2 Old Walcott 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

Jamestown Village

  • 2,109

    POPULATION
  • 1,013

    HOUSEHOLDS
  • 79.8%

    WHITE COLLAR

Neighborhood : Jamestown Village

HOUSEHOLDS
1,013
POPULATION

2,109

28.3%Renters
71.7%Home Owners
LABOR FORCE

 

79.8%White Collar
20.2%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 $3,556 per month.

MY RENT : $3,556 MEDIAN RENT : $2,722

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 $3,556 would therefore be considered affordable for annual household incomes greater than $142,240 (12 months x 3.333 x $3,556).

Rent % Affordability
Above $500 85.4%
Above $700 83.6%
Above $1,100 80.0%
Above $1,500 68.6%
Above $1,900 57.7%
HOUSEHOLD INCOME RANGE

Approximately 178 of households in this neighborhood have a total annual income of $142,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,556 per month.

MINIMUM INCOME RANGE : $142,240

Income % Distribution
<$20K 14.6%
$20K-$35K 3.0%
$35K-$60K 13.8%
$60K-$100K 27.9%
>=$100K 40.7%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 20% 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 3.1%
5-9 mins 7.9%
10-14 mins 8.9%
15-19 mins 6.1%
20-29 mins 25.9%
30-44 mins 27.2%
45-59 mins 11.5%
>60 mins 9.4%
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 $3,556 per month.

MY RENT : $3,556 MEDIAN RENT : $2,722

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 $3,556 would therefore be considered affordable for annual household incomes greater than $142,240 (12 months x 3.333 x $3,556).

Rent % Affordability
Above $500 85.4%
Above $700 83.6%
Above $1,100 80.0%
Above $1,500 68.6%
Above $1,900 57.7%
HOUSEHOLD INCOME RANGE

Approximately 178 of households in this neighborhood have a total annual income of $142,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,556 per month.

MINIMUM INCOME RANGE : $142,240

Income % Distribution
<$20K 14.6%
$20K-$35K 3.0%
$35K-$60K 13.8%
$60K-$100K 27.9%
>=$100K 40.7%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 20% 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 3.1%
5-9 mins 7.9%
10-14 mins 8.9%
15-19 mins 6.1%
20-29 mins 25.9%
30-44 mins 27.2%
45-59 mins 11.5%
>60 mins 9.4%

Jamestown Village Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.8%
Educational Services 19.0%
Health Care & Social Assistance 16.0%
Manufacturing 8.9%
Professional & Scientific Tech Services 11.0%
Retail & Wholesale Trader 10.0%
Other 27.3%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 21% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 8.0%
15-19 10.1%
20-24 2.7%
25-44 16.3%
45-65 41.7%
66+ 21.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.4%
Construction 7.8%
Healthcare 10.9%
Management, Business, & Financial 20.0%
Production & Transportation 14.3%
Sales & Office 21.9%
Other 18.8%
HIGHEST EDUCATION LEVEL

38% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 13.9%
Masters Degree 23.9%
Professional 11.2%
Some College 16.2%
Some High School 2.2%
Other 32.6%

2 Old Walcott Ave Comps

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2 Old Walcott Ave, Jamestown, RI 02835 is a single family home of 2,535 sqft. HomeUnion INVESTimateĀ® for 2 Old Walcott Ave includes a Price Estimate of $1,221,518 and a Rent Estimate of $3,556. This single family home has 4 bedrooms,4 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 3.49% and Total Return of 12.99%. The estimated 1 year forecast in home value for 2 Old Walcott Ave is 5.21%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in RI , NEWPORT County , or the 02835 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 02840