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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

225 Shore Rd East Boothbay, ME 04544

3 Beds 3 Baths 2,500 sqft Built 2012
Last updated:  Dec 26, 2019

INVESTimate

$609,890

$576K - $644K

Price Est.

$2,363

$1.9K - $2.9K

Rent Est.

$668,561  ( +9.62%)   1 YR EST. FORECAST
  
  
  

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225 Shore Rd PROPERTY INFO

FACTS
  • Built In 2012
  • Price/Sqft : $243.96
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,500 sqft
  • Baths : 2 Full 1 Half

225 Shore Rd SCHOOLS

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Financial Details

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Neighborhood

EAST BOOTHBAY

  • 514

    POPULATION
  • 285

    HOUSEHOLDS
  • 66.7%

    WHITE COLLAR

Neighborhood : EAST BOOTHBAY

HOUSEHOLDS
285
POPULATION

514

9.4%Renters
90.6%Home Owners
LABOR FORCE

 

66.7%White Collar
33.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,363 per month.

MY RENT : $2,363 MEDIAN RENT : $1,713

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 33.9%
>=$1,500 66.1%
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 $2,363 would therefore be considered affordable for annual household incomes greater than $94,520 (12 months x 3.333 x $2,363).

Rent % Affordability
Above $500 92.2%
Above $700 76.2%
Above $1,100 67.7%
Above $1,500 58.5%
Above $1,900 51.2%
HOUSEHOLD INCOME RANGE

Approximately 109 of households in this neighborhood have a total annual income of $94,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,363 per month.

MINIMUM INCOME RANGE : $94,520

Income % Distribution
<$20K 7.8%
$20K-$35K 18.8%
$35K-$60K 14.9%
$60K-$100K 20.9%
>=$100K 37.6%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 28.4%
10-14 mins 10.6%
15-19 mins 22.0%
20-29 mins 9.2%
30-44 mins 5.0%
45-59 mins 0.0%
>60 mins 24.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,363 per month.

MY RENT : $2,363 MEDIAN RENT : $1,713

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 33.9%
>=$1,500 66.1%
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 $2,363 would therefore be considered affordable for annual household incomes greater than $94,520 (12 months x 3.333 x $2,363).

Rent % Affordability
Above $500 92.2%
Above $700 76.2%
Above $1,100 67.7%
Above $1,500 58.5%
Above $1,900 51.2%
HOUSEHOLD INCOME RANGE

Approximately 109 of households in this neighborhood have a total annual income of $94,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,363 per month.

MINIMUM INCOME RANGE : $94,520

Income % Distribution
<$20K 7.8%
$20K-$35K 18.8%
$35K-$60K 14.9%
$60K-$100K 20.9%
>=$100K 37.6%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 28.4%
10-14 mins 10.6%
15-19 mins 22.0%
20-29 mins 9.2%
30-44 mins 5.0%
45-59 mins 0.0%
>60 mins 24.8%

EAST BOOTHBAY Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 10.7%
Arts & Entertainment 26.8%
Educational Services 14.1%
Financial Industries 11.7%
Health Care & Social Assistance 10.7%
Professional & Scientific Tech Services 6.8%
Other 19.0%
AGE DISTRIBUTION

36% of the population is between the ages of 25 and 64, 5% is 24 or younger and 59% is 65 or older.

Age % Distribution
<15 0.6%
15-19 0.2%
20-24 4.1%
25-44 5.4%
45-65 30.4%
66+ 59.3%
OCCUPATION

Occupation % Distribution
Construction 15.7%
Healthcare 22.5%
Management, Business, & Financial 18.0%
Natural Resources Maintenance 40.4%
Production & Transportation 1.1%
Sales & Office 1.1%
Other 1.1%
HIGHEST EDUCATION LEVEL

47% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.2%
Doctorate 8.4%
High School 6.2%
Masters Degree 23.5%
Some College 11.1%
Other 37.7%

225 Shore Rd Comps

Sorry, we do not have sufficient data available.

225 Shore Rd, East Boothbay, ME 04544 is a single family home of 2,500 sqft. HomeUnion INVESTimateĀ® for 225 Shore Rd includes a Price Estimate of $609,890 and a Rent Estimate of $2,363. This single family home has 3 bedrooms,3 bathrooms, and was built in 2012. This property has an estimated 15 year annualized Yield of 4.65% and Total Return of 22.76%. The estimated 1 year forecast in home value for 225 Shore Rd is 9.62%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , LINCOLN County , or the 04544 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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