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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

45 Summerfield Ln Water Mill, NY 11976

6 Beds 3 Baths 5,888 sqft Built 2015
Last updated:  Nov 28, 2019

INVESTimate

$6,497,431

$5.75M - $7.25M

Price Est.

$75,485

$58.1K - $92.8K

Rent Est.

$7,043,865  ( +8.41%)   1 YR EST. FORECAST
  
  
  

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45 Summerfield Ln PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $1,103.50
CONSTRUCTION
  • Beds : 6
  • Floor Size : 5,888 sqft
  • Baths : 3 Full

45 Summerfield Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTHAMPTON INTERMEDIATE SCHOOL Primary Regular 415 44 8
SOUTHAMPTON INTERMEDIATE SCHOOL Middle Regular 415 44 8
SOUTHAMPTON HIGH SCHOOL High Regular 578 56 5

SOUTHAMPTON INTERMEDIATE SCHOOL

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 44
8
GreatSchools Rating

SOUTHAMPTON INTERMEDIATE SCHOOL

  • Education Level: Middle
  • # of students: 415
  • # of teachers: 44
8
GreatSchools Rating

SOUTHAMPTON HIGH SCHOOL

  • Education Level: High
  • # of students: 578
  • # of teachers: 56
5
GreatSchools Rating
 

Financial Details

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Neighborhood

Bridgehampton

  • 1,381

    POPULATION
  • 627

    HOUSEHOLDS
  • 64.8%

    WHITE COLLAR

Neighborhood : Bridgehampton

HOUSEHOLDS
627
POPULATION

1,381

15.9%Renters
84.1%Home Owners
LABOR FORCE

 

64.8%White Collar
35.2%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 $75,485 per month.

MY RENT : $75,485 MEDIAN RENT : $34,932

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 $75,485 would therefore be considered affordable for annual household incomes greater than $3,019,400 (12 months x 3.333 x $75,485).

Rent % Affordability
Above $500 93.5%
Above $700 89.8%
Above $1,100 76.6%
Above $1,500 66.7%
Above $1,900 53.1%
HOUSEHOLD INCOME RANGE

Approximately -3,124 of households in this neighborhood have a total annual income of $3,019,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $75,485 per month.

MINIMUM INCOME RANGE : $3,019,400

Income % Distribution
<$20K 6.5%
$20K-$35K 6.7%
$35K-$60K 20.1%
$60K-$100K 21.7%
>=$100K 45.0%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.0%
5-9 mins 28.0%
10-14 mins 8.1%
15-19 mins 21.4%
20-29 mins 13.9%
30-44 mins 15.2%
45-59 mins 6.0%
>60 mins 2.4%
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 $75,485 per month.

MY RENT : $75,485 MEDIAN RENT : $34,932

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 $75,485 would therefore be considered affordable for annual household incomes greater than $3,019,400 (12 months x 3.333 x $75,485).

Rent % Affordability
Above $500 93.5%
Above $700 89.8%
Above $1,100 76.6%
Above $1,500 66.7%
Above $1,900 53.1%
HOUSEHOLD INCOME RANGE

Approximately -3,124 of households in this neighborhood have a total annual income of $3,019,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $75,485 per month.

MINIMUM INCOME RANGE : $3,019,400

Income % Distribution
<$20K 6.5%
$20K-$35K 6.7%
$35K-$60K 20.1%
$60K-$100K 21.7%
>=$100K 45.0%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.0%
5-9 mins 28.0%
10-14 mins 8.1%
15-19 mins 21.4%
20-29 mins 13.9%
30-44 mins 15.2%
45-59 mins 6.0%
>60 mins 2.4%

Bridgehampton Demographics

INDUSTRY

Industry % Distribution
Administrative Support 9.5%
Arts & Entertainment 16.7%
Construction 13.7%
Health Care & Social Assistance 6.0%
Real Estate 8.7%
Retail & Wholesale Trader 18.2%
Other 27.2%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 22% is 24 or younger and 26% is 65 or older.

Age % Distribution
<15 12.8%
15-19 4.1%
20-24 5.5%
25-44 15.9%
45-65 35.8%
66+ 25.9%
OCCUPATION

Occupation % Distribution
Management, Business, & Financial 17.9%
Natural Resources Maintenance 16.7%
PCare 4.6%
Production & Transportation 4.8%
Protect 7.8%
Sales & Office 29.5%
Other 18.7%
HIGHEST EDUCATION LEVEL

27% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.8%
High School 32.1%
Masters Degree 16.0%
Some College 10.6%
Some High School 5.2%
Other 29.2%

45 Summerfield Ln Comps

Sorry, we do not have sufficient data available.

45 Summerfield Ln, Water Mill, NY 11976 is a single family home of 5,888 sqft. HomeUnion INVESTimateĀ® for 45 Summerfield Ln includes a Price Estimate of $6,497,431 and a Rent Estimate of $75,485. This single family home has 6 bedrooms,3 bathrooms, and was built in 2015. This property has an estimated 15 year annualized Yield of 13.94% and Total Return of 57.28%. The estimated 1 year forecast in home value for 45 Summerfield Ln is 8.41%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NY , SUFFOLK County , or the 11976 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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