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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

884 Douglas Tpke Harrisville, RI 02830

3 Beds 1 Baths 1,120 sqft Built 1949
Last updated:  Jan 23, 2020

INVESTimate

$255,011

$233K - $277K

Price Est.

$1,356

$1.2K - $1.5K

Rent Est.

$263,324  ( +3.26%)   1 YR EST. FORECAST
  
  
  

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884 Douglas Tpke PROPERTY INFO

FACTS
  • Built In 1949
  • Price/Sqft : $227.69
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,120 sqft
  • Baths : 1 Full

884 Douglas Tpke SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BURRILLVILLE HIGH SCHOOL High Regular 726 58 6

BURRILLVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 726
  • # of teachers: 58
6
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

HARRISVILLE

  • 6,116

    POPULATION
  • 2,383

    HOUSEHOLDS
  • 58.7%

    WHITE COLLAR

Neighborhood : HARRISVILLE

HOUSEHOLDS
2,383
POPULATION

6,116

29.4%Renters
70.6%Home Owners
LABOR FORCE

 

58.7%White Collar
41.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,356 per month.

MY RENT : $1,356 MEDIAN RENT : $1,741

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 36.1%
>=$1,500 63.7%
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 $1,356 would therefore be considered affordable for annual household incomes greater than $54,240 (12 months x 3.333 x $1,356).

Rent % Affordability
Above $500 83.9%
Above $700 76.0%
Above $1,100 61.6%
Above $1,500 52.5%
Above $1,900 41.5%
HOUSEHOLD INCOME RANGE

Approximately 1,286 of households in this neighborhood have a total annual income of $54,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,356 per month.

MINIMUM INCOME RANGE : $54,240

Income % Distribution
<$20K 16.1%
$20K-$35K 15.2%
$35K-$60K 16.2%
$60K-$100K 24.7%
>=$100K 27.8%
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 1.5%
5-9 mins 8.8%
10-14 mins 9.6%
15-19 mins 9.0%
20-29 mins 22.2%
30-44 mins 27.1%
45-59 mins 14.2%
>60 mins 7.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,356 per month.

MY RENT : $1,356 MEDIAN RENT : $1,741

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.2%
$1,000-1,499 36.1%
>=$1,500 63.7%
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 $1,356 would therefore be considered affordable for annual household incomes greater than $54,240 (12 months x 3.333 x $1,356).

Rent % Affordability
Above $500 83.9%
Above $700 76.0%
Above $1,100 61.6%
Above $1,500 52.5%
Above $1,900 41.5%
HOUSEHOLD INCOME RANGE

Approximately 1,286 of households in this neighborhood have a total annual income of $54,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,356 per month.

MINIMUM INCOME RANGE : $54,240

Income % Distribution
<$20K 16.1%
$20K-$35K 15.2%
$35K-$60K 16.2%
$60K-$100K 24.7%
>=$100K 27.8%
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 1.5%
5-9 mins 8.8%
10-14 mins 9.6%
15-19 mins 9.0%
20-29 mins 22.2%
30-44 mins 27.1%
45-59 mins 14.2%
>60 mins 7.6%

HARRISVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.3%
Educational Services 7.8%
Financial Industries 7.3%
Health Care & Social Assistance 20.6%
Manufacturing 8.0%
Retail & Wholesale Trader 15.8%
Other 31.3%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 28% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 17.3%
15-19 5.6%
20-24 5.1%
25-44 20.7%
45-65 35.8%
66+ 15.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.7%
Healthcare 11.0%
Management, Business, & Financial 14.6%
Natural Resources Maintenance 10.6%
Production & Transportation 13.3%
Sales & Office 23.2%
Other 20.7%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.4%
High School 28.0%
Masters Degree 8.9%
Some College 22.9%
Some High School 9.6%
Other 20.2%

884 Douglas Tpke Comps

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884 Douglas Tpke, Harrisville, RI 02830 is a single family home of 1,120 sqft. HomeUnion INVESTimateĀ® for 884 Douglas Tpke includes a Price Estimate of $255,011 and a Rent Estimate of $1,356. This single family home has 3 bedrooms,1 bathrooms, and was built in 1949. This property has an estimated 15 year annualized Yield of 6.38% and Total Return of 14.90%. The estimated 1 year forecast in home value for 884 Douglas Tpke is 3.26%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in RI , PROVIDENCE County , or the 02830 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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