Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

1327 Us Route 1 Cape Neddick, ME 03902

4 Beds 3 Baths 2,427 sqft Built 1910
Last updated:  Oct 23, 2019

INVESTimate

$299,470

$258K - $341K

Price Est.

$2,592

$2.2K - $2.9K

Rent Est.

$314,414  ( +4.99%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

1327 Us Route 1 PROPERTY INFO

FACTS
  • Built In 1910
  • Price/Sqft : $123.39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,427 sqft
  • Baths : 2 Full 1 Half

1327 Us Route 1 SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

CAPE NEDDICK

  • 2,401

    POPULATION
  • 989

    HOUSEHOLDS
  • 78.2%

    WHITE COLLAR

Neighborhood : CAPE NEDDICK

HOUSEHOLDS
989
POPULATION

2,401

12.0%Renters
88.0%Home Owners
LABOR FORCE

 

78.2%White Collar
21.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,592 per month.

MY RENT : $2,592 MEDIAN RENT : $2,103

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 17.0%
>=$1,500 83.0%
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 $2,592 would therefore be considered affordable for annual household incomes greater than $103,680 (12 months x 3.333 x $2,592).

Rent % Affordability
Above $500 82.9%
Above $700 79.1%
Above $1,100 71.1%
Above $1,500 61.3%
Above $1,900 49.3%
HOUSEHOLD INCOME RANGE

Approximately 221 of households in this neighborhood have a total annual income of $103,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,592 per month.

MINIMUM INCOME RANGE : $103,680

Income % Distribution
<$20K 17.1%
$20K-$35K 4.8%
$35K-$60K 16.8%
$60K-$100K 23.1%
>=$100K 38.3%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 20.9%
10-14 mins 10.0%
15-19 mins 14.0%
20-29 mins 28.7%
30-44 mins 14.3%
45-59 mins 1.6%
>60 mins 8.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,592 per month.

MY RENT : $2,592 MEDIAN RENT : $2,103

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 17.0%
>=$1,500 83.0%
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 $2,592 would therefore be considered affordable for annual household incomes greater than $103,680 (12 months x 3.333 x $2,592).

Rent % Affordability
Above $500 82.9%
Above $700 79.1%
Above $1,100 71.1%
Above $1,500 61.3%
Above $1,900 49.3%
HOUSEHOLD INCOME RANGE

Approximately 221 of households in this neighborhood have a total annual income of $103,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,592 per month.

MINIMUM INCOME RANGE : $103,680

Income % Distribution
<$20K 17.1%
$20K-$35K 4.8%
$35K-$60K 16.8%
$60K-$100K 23.1%
>=$100K 38.3%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 20.9%
10-14 mins 10.0%
15-19 mins 14.0%
20-29 mins 28.7%
30-44 mins 14.3%
45-59 mins 1.6%
>60 mins 8.9%

CAPE NEDDICK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.3%
Construction 12.1%
Health Care & Social Assistance 8.2%
Manufacturing 11.8%
Professional & Scientific Tech Services 13.7%
Retail & Wholesale Trader 16.8%
Other 29.2%
AGE DISTRIBUTION

62% of the population is between the ages of 25 and 64, 22% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 15.6%
15-19 4.4%
20-24 2.5%
25-44 20.2%
45-65 41.9%
66+ 15.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 11.6%
Legal 8.6%
Management, Business, & Financial 26.3%
Natural Resources Maintenance 7.6%
Production & Transportation 8.4%
Sales & Office 20.4%
Other 17.0%
HIGHEST EDUCATION LEVEL

27% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.5%
High School 23.1%
Masters Degree 9.1%
Professional 4.4%
Some College 20.9%
Other 31.9%

1327 Us Route 1 Comps

Sorry, we do not have sufficient data available.

1327 Us Route 1, Cape Neddick, ME 03902 is a single family home of 2,427 sqft. HomeUnion INVESTimateĀ® for 1327 Us Route 1 includes a Price Estimate of $299,470 and a Rent Estimate of $2,592. This single family home has 4 bedrooms,3 bathrooms, and was built in 1910. This property has an estimated 15 year annualized Yield of 10.39% and Total Return of 29.32%. The estimated 1 year forecast in home value for 1327 Us Route 1 is 4.99%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , YORK County , or the 03902 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Similar Investment Properties By List Price within 2 miles

No Properties available

Nearest zipcodes within 2 miles

No Zipcodes available