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This page contains information about each property aggregated from public data sources, 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.

1025 Strauss Ave Marydel, DE 19964

3 Beds 1 Baths 1,240 sqft Built 1970
Last updated:  Nov 28, 2019

INVESTimate

$106,189

$98.0K - $114K

Price Est.

$1,205

$1.1K - $1.3K

Rent Est.

$109,194  ( +2.83%)   1 YR EST. FORECAST

1025 Strauss Ave PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $85.64
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,240 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
1025 Strauss Ave, Marydel, DE 19964 is a single family home of 1,240 sqft. HomeUnion estimate for 1025 Strauss Ave includes a Price Estimate of $106,189 and a Rent Estimate of $1,205. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 13.62% and Total Return of 24.87%. The estimated 1 year forecast in home value for 1025 Strauss Ave is 2.83%.
  
  
  

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1025 Strauss Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HARTLY ELEMENTARY SCHOOL Primary Regular 412 27 8
CENTRAL MIDDLE SCHOOL Middle Regular 880 65 4
DOVER HIGH SCHOOL High Regular 1,507 105 NA

HARTLY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 412
  • # of teachers: 27
8
GreatSchools Rating

CENTRAL MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 880
  • # of teachers: 65
4
GreatSchools Rating

DOVER HIGH SCHOOL

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 105
0
GreatSchools Rating
 

Financial Details

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Neighborhood

MARYDEL

  • 1,179

    POPULATION
  • 428

    HOUSEHOLDS
  • 46.0%

    WHITE COLLAR

Neighborhood : MARYDEL

HOUSEHOLDS
428
POPULATION

1,179

21.4%Renters
78.6%Home Owners
LABOR FORCE

 

46.0%White Collar
54.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,205 per month.

MY RENT : $1,205 MEDIAN RENT : $1,219

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 3.4%
$900-999 12.2%
$1,000-1,499 68.7%
>=$1,500 15.7%
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 $1,205 would therefore be considered affordable for annual household incomes greater than $48,200 (12 months x 3.333 x $1,205).

Rent % Affordability
Above $500 85.0%
Above $700 77.8%
Above $1,100 66.6%
Above $1,500 50.0%
Above $1,900 40.1%
HOUSEHOLD INCOME RANGE

Approximately 232 of households in this neighborhood have a total annual income of $48,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,205 per month.

MINIMUM INCOME RANGE : $48,200

Income % Distribution
<$20K 15.0%
$20K-$35K 12.7%
$35K-$60K 22.3%
$60K-$100K 28.6%
>=$100K 21.4%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.8%
5-9 mins 4.3%
10-14 mins 3.7%
15-19 mins 16.2%
20-29 mins 31.1%
30-44 mins 21.9%
45-59 mins 11.4%
>60 mins 9.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,205 per month.

MY RENT : $1,205 MEDIAN RENT : $1,219

Rent % Distribution
$500-699 0.0%
$700-899 3.4%
$900-999 12.2%
$1,000-1,499 68.7%
>=$1,500 15.7%
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 $1,205 would therefore be considered affordable for annual household incomes greater than $48,200 (12 months x 3.333 x $1,205).

Rent % Affordability
Above $500 85.0%
Above $700 77.8%
Above $1,100 66.6%
Above $1,500 50.0%
Above $1,900 40.1%
HOUSEHOLD INCOME RANGE

Approximately 232 of households in this neighborhood have a total annual income of $48,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,205 per month.

MINIMUM INCOME RANGE : $48,200

Income % Distribution
<$20K 15.0%
$20K-$35K 12.7%
$35K-$60K 22.3%
$60K-$100K 28.6%
>=$100K 21.4%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.8%
5-9 mins 4.3%
10-14 mins 3.7%
15-19 mins 16.2%
20-29 mins 31.1%
30-44 mins 21.9%
45-59 mins 11.4%
>60 mins 9.6%

MARYDEL Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.1%
Construction 12.5%
Manufacturing 7.4%
Public Administration 13.0%
Retail & Wholesale Trader 20.2%
Transportation 8.6%
Other 30.4%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 26% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 13.7%
15-19 6.5%
20-24 6.2%
25-44 28.2%
45-65 29.8%
66+ 15.6%
OCCUPATION

Occupation % Distribution
Education 8.7%
Healthcare 7.5%
Management, Business, & Financial 10.7%
Natural Resources Maintenance 16.7%
Production & Transportation 16.4%
Sales & Office 28.9%
Other 11.2%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.6%
High School 38.2%
Masters Degree 3.5%
Some College 19.0%
Some High School 20.1%
Other 11.6%

1025 Strauss Ave Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in DE , KENT County , or the 19964 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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