INVESTimate
$70,278
1205 Westville Rd PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $226.33
CONSTRUCTION
- Beds : 0
- Floor Size : 980 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
1205 Westville Rd, Marydel, DE 19964 is a single family home of 980 sqft. HomeUnion estimate for 1205 Westville Rd includes a Price Estimate of $221,802 and a Rent Estimate of $811. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 4.39% and Total Return of 5.02%. The estimated 1 year forecast in home value for 1205 Westville Rd is 2.83%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1205 Westville Rd SCHOOLS
Financial Details
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MARYDEL
Neighborhood : MARYDEL
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 $811 per month.
MY RENT : $811 MEDIAN RENT : $1,219
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 $811 would therefore be considered affordable for annual household incomes greater than $32,440 (12 months x 3.333 x $811).
HOUSEHOLD INCOME RANGE
Approximately 798 of households in this neighborhood have a total annual income of $32,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $811 per month.
MINIMUM INCOME RANGE : $32,440
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.
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% |
1205 Westville Rd Comps
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