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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

85 Frigate St Jamestown, RI 02835

2 Beds 2 Baths 1,512 sqft Built 2011
Last updated:  Jan 23, 2020

INVESTimate

$462,373

$434K - $491K

Price Est.

$2,608

$2.2K - $3.0K

Rent Est.

$482,717  ( +4.4%)   1 YR EST. FORECAST
  
  
  

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85 Frigate St PROPERTY INFO

FACTS
  • Built In 2011
  • Price/Sqft : $305.80
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,512 sqft
  • Baths : 2 Full

85 Frigate St 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

Jamestown Shores

  • 1,210

    POPULATION
  • 515

    HOUSEHOLDS
  • 92.1%

    WHITE COLLAR

Neighborhood : Jamestown Shores

HOUSEHOLDS
515
POPULATION

1,210

21.4%Renters
78.6%Home Owners
LABOR FORCE

 

92.1%White Collar
7.9%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 $2,608 per month.

MY RENT : $2,608 MEDIAN RENT : $2,574

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 $2,608 would therefore be considered affordable for annual household incomes greater than $104,320 (12 months x 3.333 x $2,608).

Rent % Affordability
Above $500 91.4%
Above $700 91.2%
Above $1,100 82.7%
Above $1,500 63.5%
Above $1,900 59.8%
HOUSEHOLD INCOME RANGE

Approximately 103 of households in this neighborhood have a total annual income of $104,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,608 per month.

MINIMUM INCOME RANGE : $104,320

Income % Distribution
<$20K 8.6%
$20K-$35K 6.8%
$35K-$60K 21.1%
$60K-$100K 29.0%
>=$100K 34.5%
COMMUTE TIME DISTRIBUTION

84% of the working population has a commute time of 15 to 44 minutes, 4% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.4%
10-14 mins 4.0%
15-19 mins 12.5%
20-29 mins 45.4%
30-44 mins 26.1%
45-59 mins 9.0%
>60 mins 2.6%
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 $2,608 per month.

MY RENT : $2,608 MEDIAN RENT : $2,574

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 $2,608 would therefore be considered affordable for annual household incomes greater than $104,320 (12 months x 3.333 x $2,608).

Rent % Affordability
Above $500 91.4%
Above $700 91.2%
Above $1,100 82.7%
Above $1,500 63.5%
Above $1,900 59.8%
HOUSEHOLD INCOME RANGE

Approximately 103 of households in this neighborhood have a total annual income of $104,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,608 per month.

MINIMUM INCOME RANGE : $104,320

Income % Distribution
<$20K 8.6%
$20K-$35K 6.8%
$35K-$60K 21.1%
$60K-$100K 29.0%
>=$100K 34.5%
COMMUTE TIME DISTRIBUTION

84% of the working population has a commute time of 15 to 44 minutes, 4% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.4%
10-14 mins 4.0%
15-19 mins 12.5%
20-29 mins 45.4%
30-44 mins 26.1%
45-59 mins 9.0%
>60 mins 2.6%

Jamestown Shores Demographics

INDUSTRY

Industry % Distribution
Educational Services 12.4%
Financial Industries 15.1%
Health Care & Social Assistance 24.5%
Manufacturing 14.1%
Public Administration 8.0%
Retail & Wholesale Trader 8.2%
Other 17.7%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 27% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 21.2%
15-19 5.5%
20-24 0.4%
25-44 20.7%
45-65 37.9%
66+ 14.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.6%
Construction 12.1%
Healthcare 15.0%
Management, Business, & Financial 30.3%
Natural Resources Maintenance 2.5%
Sales & Office 33.0%
Other 0.5%
HIGHEST EDUCATION LEVEL

35% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.2%
High School 7.0%
Masters Degree 26.1%
Some College 17.7%
Some High School 4.5%
Other 37.6%

85 Frigate St Comps

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85 Frigate St, Jamestown, RI 02835 is a single family home of 1,512 sqft. HomeUnion INVESTimateĀ® for 85 Frigate St includes a Price Estimate of $462,373 and a Rent Estimate of $2,608. This single family home has 2 bedrooms,2 bathrooms, and was built in 2011. This property has an estimated 15 year annualized Yield of 6.77% and Total Return of 20.03%. The estimated 1 year forecast in home value for 85 Frigate St is 4.4%.

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

Nearest zipcodes within 2 miles

  1. 02874