INVESTimate
$427,951
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8 Ferris Dr PROPERTY INFO
FACTS
- Built In 1927
- Price/Sqft : $890.88
CONSTRUCTION
- Beds : 3
- Floor Size : 1,764 sqft
- Baths : 1 Full 1 Half
8 Ferris Dr SCHOOLS
Financial Details
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Old Greenwich
Neighborhood : Old Greenwich
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 $3,347 per month.
MY RENT : $3,347 MEDIAN RENT : $5,978
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 $3,347 would therefore be considered affordable for annual household incomes greater than $133,880 (12 months x 3.333 x $3,347).
HOUSEHOLD INCOME RANGE
Approximately 916 of households in this neighborhood have a total annual income of $133,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,347 per month.
MINIMUM INCOME RANGE : $133,880
COMMUTE TIME DISTRIBUTION
35% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.
Old Greenwich Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 5.0% |
| Educational Services | 7.1% |
| Financial Industries | 25.5% |
| Health Care & Social Assistance | 9.7% |
| Professional & Scientific Tech Services | 14.8% |
| Retail & Wholesale Trader | 10.9% |
| Other | 27.0% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 38% is 24 or younger and 13% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 28.6% |
| 15-19 | 6.7% |
| 20-24 | 2.3% |
| 25-44 | 22.2% |
| 45-65 | 27.5% |
| 66+ | 12.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 9.0% |
| Construction | 5.6% |
| Healthcare | 4.3% |
| Legal | 3.5% |
| Management, Business, & Financial | 38.5% |
| Sales & Office | 25.0% |
| Other | 14.1% |
HIGHEST EDUCATION LEVEL
45% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 5.3% |
| High School | 8.5% |
| Masters Degree | 29.1% |
| Professional | 6.1% |
| Some College | 11.4% |
| Other | 39.7% |
8 Ferris Dr Comps
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8 Ferris Dr, Old Greenwich, CT 06870 is a single family home of 1,764 sqft. HomeUnion INVESTimateĀ® for 8 Ferris Dr includes a Price Estimate of $1,571,514 and a Rent Estimate of $3,347. This single family home has 3 bedrooms,2 bathrooms, and was built in 1927. This property has an estimated 15 year annualized Yield of 2.56% and Total Return of 0.18%. The estimated 1 year forecast in home value for 8 Ferris Dr is -0.85%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CT , FAIRFIELD County , or the 06870 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
