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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

43 Shore Rd Shelter Island Heights, NY 11965

3 Beds 3 Baths 3,538 sqft Built 2003
Last updated:  Nov 28, 2019

INVESTimate

$2,708,809

$2.40M - $3.02M

Price Est.

$31,958

$23.9K - $40.0K

Rent Est.

$2,755,401  ( +1.72%)   1 YR EST. FORECAST
  
  
  

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43 Shore Rd PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $765.63
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,538 sqft
  • Baths : 2 Full 1 Half

43 Shore Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SHELTER ISLAND SCHOOL Primary Regular 242 32 7
SHELTER ISLAND SCHOOL Middle Regular 242 32 7
SHELTER ISLAND SCHOOL High Regular 242 32 7

SHELTER ISLAND SCHOOL

  • Education Level: Primary
  • # of students: 242
  • # of teachers: 32
7
GreatSchools Rating

SHELTER ISLAND SCHOOL

  • Education Level: Middle
  • # of students: 242
  • # of teachers: 32
7
GreatSchools Rating

SHELTER ISLAND SCHOOL

  • Education Level: High
  • # of students: 242
  • # of teachers: 32
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Shelter Island Heights

  • 1,460

    POPULATION
  • 569

    HOUSEHOLDS
  • 79.4%

    WHITE COLLAR

Neighborhood : Shelter Island Heights

HOUSEHOLDS
569
POPULATION

1,460

7.4%Renters
92.6%Home Owners
LABOR FORCE

 

79.4%White Collar
20.6%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 $31,958 per month.

MY RENT : $31,958 MEDIAN RENT : $23,984

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 $31,958 would therefore be considered affordable for annual household incomes greater than $1,278,320 (12 months x 3.333 x $31,958).

Rent % Affordability
Above $500 98.8%
Above $700 96.9%
Above $1,100 86.6%
Above $1,500 81.4%
Above $1,900 75.7%
HOUSEHOLD INCOME RANGE

Approximately -1,267 of households in this neighborhood have a total annual income of $1,278,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $31,958 per month.

MINIMUM INCOME RANGE : $1,278,320

Income % Distribution
<$20K 1.2%
$20K-$35K 12.1%
$35K-$60K 5.3%
$60K-$100K 27.2%
>=$100K 54.1%
COMMUTE TIME DISTRIBUTION

34% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 14.2%
5-9 mins 21.5%
10-14 mins 9.9%
15-19 mins 7.5%
20-29 mins 9.0%
30-44 mins 18.0%
45-59 mins 2.2%
>60 mins 17.6%
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 $31,958 per month.

MY RENT : $31,958 MEDIAN RENT : $23,984

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 $31,958 would therefore be considered affordable for annual household incomes greater than $1,278,320 (12 months x 3.333 x $31,958).

Rent % Affordability
Above $500 98.8%
Above $700 96.9%
Above $1,100 86.6%
Above $1,500 81.4%
Above $1,900 75.7%
HOUSEHOLD INCOME RANGE

Approximately -1,267 of households in this neighborhood have a total annual income of $1,278,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $31,958 per month.

MINIMUM INCOME RANGE : $1,278,320

Income % Distribution
<$20K 1.2%
$20K-$35K 12.1%
$35K-$60K 5.3%
$60K-$100K 27.2%
>=$100K 54.1%
COMMUTE TIME DISTRIBUTION

34% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 14.2%
5-9 mins 21.5%
10-14 mins 9.9%
15-19 mins 7.5%
20-29 mins 9.0%
30-44 mins 18.0%
45-59 mins 2.2%
>60 mins 17.6%

Shelter Island Heights Demographics

INDUSTRY

Industry % Distribution
Administrative Support 4.8%
Arts & Entertainment 12.2%
Construction 12.0%
Educational Services 26.9%
Professional & Scientific Tech Services 18.3%
Retail & Wholesale Trader 12.0%
Other 13.8%
AGE DISTRIBUTION

37% of the population is between the ages of 25 and 64, 29% is 24 or younger and 34% is 65 or older.

Age % Distribution
<15 14.9%
15-19 10.7%
20-24 3.3%
25-44 14.1%
45-65 23.2%
66+ 33.8%
OCCUPATION

Occupation % Distribution
Adesm 7.4%
Computer Engineering 7.1%
Construction 20.6%
Management, Business, & Financial 25.1%
Natural Resources Maintenance 13.8%
Sales & Office 18.9%
Other 7.1%
HIGHEST EDUCATION LEVEL

40% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.5%
Doctorate 0.7%
High School 14.1%
Masters Degree 31.1%
Some College 14.5%
Other 31.0%

43 Shore Rd Comps

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43 Shore Rd, Shelter Island Heights, NY 11965 is a single family home of 3,538 sqft. HomeUnion INVESTimateĀ® for 43 Shore Rd includes a Price Estimate of $2,708,809 and a Rent Estimate of $31,958. This single family home has 3 bedrooms,3 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 14.16% and Total Return of 43.80%. The estimated 1 year forecast in home value for 43 Shore Rd is 1.72%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , SUFFOLK County , or the 11965 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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