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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

67 Cunningham Rd Warren, CT 06754

2 Beds 4 Baths 1,622 sqft Built 1990
Last updated:  Nov 28, 2019

INVESTimate

$280,448

$252K - $309K

Price Est.

$3,254

$3.0K - $3.5K

Rent Est.

$276,690  ( -1.34%)   1 YR EST. FORECAST
  
  
  

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67 Cunningham Rd PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $172.90
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,622 sqft
  • Baths : 4 Full

67 Cunningham Rd SCHOOLS

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Financial Details

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Neighborhood

CORNWALL BRIDGE

  • 1,618

    POPULATION
  • 652

    HOUSEHOLDS
  • 63.2%

    WHITE COLLAR

Neighborhood : CORNWALL BRIDGE

HOUSEHOLDS
652
POPULATION

1,618

14.8%Renters
85.2%Home Owners
LABOR FORCE

 

63.2%White Collar
36.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,254 per month.

MY RENT : $3,254 MEDIAN RENT : $2,615

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.5%
>=$1,500 98.5%
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 $3,254 would therefore be considered affordable for annual household incomes greater than $130,160 (12 months x 3.333 x $3,254).

Rent % Affordability
Above $500 92.9%
Above $700 89.0%
Above $1,100 77.2%
Above $1,500 69.3%
Above $1,900 59.0%
HOUSEHOLD INCOME RANGE

Approximately 139 of households in this neighborhood have a total annual income of $130,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,254 per month.

MINIMUM INCOME RANGE : $130,160

Income % Distribution
<$20K 7.1%
$20K-$35K 8.1%
$35K-$60K 15.5%
$60K-$100K 24.6%
>=$100K 44.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 4.2%
10-14 mins 7.7%
15-19 mins 13.5%
20-29 mins 30.6%
30-44 mins 18.4%
45-59 mins 7.9%
>60 mins 15.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,254 per month.

MY RENT : $3,254 MEDIAN RENT : $2,615

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.5%
>=$1,500 98.5%
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 $3,254 would therefore be considered affordable for annual household incomes greater than $130,160 (12 months x 3.333 x $3,254).

Rent % Affordability
Above $500 92.9%
Above $700 89.0%
Above $1,100 77.2%
Above $1,500 69.3%
Above $1,900 59.0%
HOUSEHOLD INCOME RANGE

Approximately 139 of households in this neighborhood have a total annual income of $130,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,254 per month.

MINIMUM INCOME RANGE : $130,160

Income % Distribution
<$20K 7.1%
$20K-$35K 8.1%
$35K-$60K 15.5%
$60K-$100K 24.6%
>=$100K 44.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 4.2%
10-14 mins 7.7%
15-19 mins 13.5%
20-29 mins 30.6%
30-44 mins 18.4%
45-59 mins 7.9%
>60 mins 15.4%

CORNWALL BRIDGE Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.0%
Construction 10.8%
Educational Services 12.5%
Health Care & Social Assistance 12.7%
Professional & Scientific Tech Services 8.7%
Retail & Wholesale Trader 13.9%
Other 33.5%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 23% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 16.1%
15-19 5.0%
20-24 2.2%
25-44 18.4%
45-65 36.6%
66+ 21.8%
OCCUPATION

Occupation % Distribution
Clean 8.3%
Healthcare 9.0%
Management, Business, & Financial 15.0%
Natural Resources Maintenance 15.2%
Production & Transportation 9.8%
Sales & Office 16.0%
Other 26.7%
HIGHEST EDUCATION LEVEL

29% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.9%
High School 22.9%
Masters Degree 14.8%
Some College 17.8%
Some High School 4.3%
Other 33.2%

67 Cunningham Rd Comps

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67 Cunningham Rd, Warren, CT 06754 is a single family home of 1,622 sqft. HomeUnion INVESTimateĀ® for 67 Cunningham Rd includes a Price Estimate of $280,448 and a Rent Estimate of $3,254. This single family home has 2 bedrooms,4 bathrooms, and was built in 1990. This property has an estimated 15 year annualized Yield of 13.92% and Total Return of 28.68%. The estimated 1 year forecast in home value for 67 Cunningham Rd is -1.34%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CT , LITCHFIELD County , or the 06754 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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