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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

17 Woodland Rd Cape Elizabeth, ME 04107

3 Beds 2 Baths 1,346 sqft Built 1900
Last updated:  Oct 23, 2019

INVESTimate

$214,361

$196K - $232K

Price Est.

$2,293

$2.1K - $2.5K

Rent Est.

$239,613  ( +11.78%)   1 YR EST. FORECAST
  
  
  

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17 Woodland Rd PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $159.26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,346 sqft
  • Baths : 2 Full

17 Woodland Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH PORTLAND HIGH SCHOOL High Regular 871 72 9

SOUTH PORTLAND HIGH SCHOOL

  • Education Level: High
  • # of students: 871
  • # of teachers: 72
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Willard Square

  • 2,637

    POPULATION
  • 1,282

    HOUSEHOLDS
  • 76.3%

    WHITE COLLAR

Neighborhood : Willard Square

HOUSEHOLDS
1,282
POPULATION

2,637

35.5%Renters
64.5%Home Owners
LABOR FORCE

 

76.3%White Collar
23.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,293 per month.

MY RENT : $2,293 MEDIAN RENT : $1,983

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.1%
>=$1,500 98.9%
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 $2,293 would therefore be considered affordable for annual household incomes greater than $91,720 (12 months x 3.333 x $2,293).

Rent % Affordability
Above $500 85.4%
Above $700 79.9%
Above $1,100 64.7%
Above $1,500 51.4%
Above $1,900 37.8%
HOUSEHOLD INCOME RANGE

Approximately 352 of households in this neighborhood have a total annual income of $91,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,293 per month.

MINIMUM INCOME RANGE : $91,720

Income % Distribution
<$20K 14.6%
$20K-$35K 8.5%
$35K-$60K 25.5%
$60K-$100K 26.1%
>=$100K 25.3%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 6.2%
10-14 mins 21.3%
15-19 mins 17.1%
20-29 mins 27.3%
30-44 mins 11.0%
45-59 mins 4.7%
>60 mins 11.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,293 per month.

MY RENT : $2,293 MEDIAN RENT : $1,983

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.1%
>=$1,500 98.9%
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 $2,293 would therefore be considered affordable for annual household incomes greater than $91,720 (12 months x 3.333 x $2,293).

Rent % Affordability
Above $500 85.4%
Above $700 79.9%
Above $1,100 64.7%
Above $1,500 51.4%
Above $1,900 37.8%
HOUSEHOLD INCOME RANGE

Approximately 352 of households in this neighborhood have a total annual income of $91,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,293 per month.

MINIMUM INCOME RANGE : $91,720

Income % Distribution
<$20K 14.6%
$20K-$35K 8.5%
$35K-$60K 25.5%
$60K-$100K 26.1%
>=$100K 25.3%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 6.2%
10-14 mins 21.3%
15-19 mins 17.1%
20-29 mins 27.3%
30-44 mins 11.0%
45-59 mins 4.7%
>60 mins 11.6%

Willard Square Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.2%
Arts & Entertainment 7.7%
Educational Services 9.1%
Health Care & Social Assistance 17.8%
Professional & Scientific Tech Services 9.9%
Retail & Wholesale Trader 15.9%
Other 33.2%
AGE DISTRIBUTION

62% of the population is between the ages of 25 and 64, 23% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 13.8%
15-19 5.7%
20-24 3.1%
25-44 29.1%
45-65 33.1%
66+ 15.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.8%
Construction 7.9%
Healthcare 11.6%
Management, Business, & Financial 31.2%
Production & Transportation 10.8%
Sales & Office 18.2%
Other 14.5%
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 12.4%
High School 22.3%
Masters Degree 17.4%
Professional 3.5%
Some College 12.3%
Other 32.1%

17 Woodland Rd Comps

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17 Woodland Rd, Cape Elizabeth, ME 04107 is a single family home of 1,346 sqft. HomeUnion INVESTimateĀ® for 17 Woodland Rd includes a Price Estimate of $214,361 and a Rent Estimate of $2,293. This single family home has 3 bedrooms,2 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 12.84% and Total Return of 48.38%. The estimated 1 year forecast in home value for 17 Woodland Rd is 11.78%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , CUMBERLAND County , or the 04107 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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