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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

516 Seaside Dr Jamestown, RI 02835

1 Beds 2 Baths 1,558 sqft Built 1945
Last updated:  Jan 23, 2020

INVESTimate

$778,022

$730K - $826K

Price Est.

$2,428

$2.1K - $2.8K

Rent Est.

$822,291  ( +5.69%)   1 YR EST. FORECAST
  
  
  

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516 Seaside Dr PROPERTY INFO

FACTS
  • Built In 1945
  • Price/Sqft : $499.37
CONSTRUCTION
  • Beds : 1
  • Floor Size : 1,558 sqft
  • Baths : 2 Full

516 Seaside Dr 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 Reach Estates

  • 485

    POPULATION
  • 175

    HOUSEHOLDS
  • 100.0%

    WHITE COLLAR

Neighborhood : West Reach Estates

HOUSEHOLDS
175
POPULATION

485

6.9%Renters
93.1%Home Owners
LABOR FORCE

 

100.0%White Collar
0.0%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 $2,428 per month.

MY RENT : $2,428 MEDIAN RENT : $2,807

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 $2,428 would therefore be considered affordable for annual household incomes greater than $97,120 (12 months x 3.333 x $2,428).

Rent % Affordability
Above $500 91.5%
Above $700 83.0%
Above $1,100 77.3%
Above $1,500 71.0%
Above $1,900 65.3%
HOUSEHOLD INCOME RANGE

Approximately 115 of households in this neighborhood have a total annual income of $97,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,428 per month.

MINIMUM INCOME RANGE : $97,120

Income % Distribution
<$20K 8.5%
$20K-$35K 14.2%
$35K-$60K 6.2%
$60K-$100K 5.7%
>=$100K 65.3%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 7.6%
10-14 mins 12.7%
15-19 mins 5.9%
20-29 mins 9.3%
30-44 mins 42.4%
45-59 mins 5.1%
>60 mins 16.9%
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 $2,428 per month.

MY RENT : $2,428 MEDIAN RENT : $2,807

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 $2,428 would therefore be considered affordable for annual household incomes greater than $97,120 (12 months x 3.333 x $2,428).

Rent % Affordability
Above $500 91.5%
Above $700 83.0%
Above $1,100 77.3%
Above $1,500 71.0%
Above $1,900 65.3%
HOUSEHOLD INCOME RANGE

Approximately 115 of households in this neighborhood have a total annual income of $97,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,428 per month.

MINIMUM INCOME RANGE : $97,120

Income % Distribution
<$20K 8.5%
$20K-$35K 14.2%
$35K-$60K 6.2%
$60K-$100K 5.7%
>=$100K 65.3%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 7.6%
10-14 mins 12.7%
15-19 mins 5.9%
20-29 mins 9.3%
30-44 mins 42.4%
45-59 mins 5.1%
>60 mins 16.9%

West Reach Estates Demographics

INDUSTRY

Industry % Distribution
Administrative Support 4.6%
Arts & Entertainment 5.9%
Educational Services 44.7%
Health Care & Social Assistance 15.6%
Professional & Scientific Tech Services 5.9%
Real Estate 13.5%
Other 9.7%
AGE DISTRIBUTION

45% of the population is between the ages of 25 and 64, 35% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 21.2%
15-19 2.9%
20-24 11.1%
25-44 12.8%
45-65 32.4%
66+ 19.6%
OCCUPATION

Occupation % Distribution
Adesm 9.8%
Construction 24.4%
Healthcare 14.6%
Legal 17.1%
Management, Business, & Financial 34.1%
Social 0.0%
Other 0.0%
HIGHEST EDUCATION LEVEL

34% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 3.9%
High School 19.4%
Masters Degree 20.3%
Professional 8.1%
Some College 17.1%
Other 31.3%

516 Seaside Dr Comps

Sorry, we do not have sufficient data available.

516 Seaside Dr, Jamestown, RI 02835 is a single family home of 1,558 sqft. HomeUnion INVESTimateĀ® for 516 Seaside Dr includes a Price Estimate of $778,022 and a Rent Estimate of $2,428. This single family home has 1 bedrooms,2 bathrooms, and was built in 1945. This property has an estimated 15 year annualized Yield of 3.74% and Total Return of 15.94%. The estimated 1 year forecast in home value for 516 Seaside Dr is 5.69%.

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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