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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.

283 Mowely Ln Marydel, DE 19964

0 Beds 0 Baths 1,216 sqft Built 2002
Last updated:  Nov 28, 2019

INVESTimate

$221,957

$205K - $239K

Price Est.

$1,039

978 - $1.1K

Rent Est.

$228,238  ( +2.83%)   1 YR EST. FORECAST

283 Mowely Ln PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $182.53
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,216 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
283 Mowely Ln, Marydel, DE 19964 is a single family home of 1,216 sqft. HomeUnion estimate for 283 Mowely Ln includes a Price Estimate of $221,957 and a Rent Estimate of $1,039. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 5.62% and Total Return of 8.33%. The estimated 1 year forecast in home value for 283 Mowely Ln is 2.83%.
  
  
  

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283 Mowely Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
W.B. SIMPSON ELEMENTARY SCHOOL Primary Regular 482 28 8
FRED FIFER MIDDLE SCHOOL Middle Regular 860 54 7
CAESAR RODNEY HIGH SCHOOL High Regular 2,067 130 NA

W.B. SIMPSON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 482
  • # of teachers: 28
8
GreatSchools Rating

FRED FIFER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 860
  • # of teachers: 54
7
GreatSchools Rating

CAESAR RODNEY HIGH SCHOOL

  • Education Level: High
  • # of students: 2,067
  • # of teachers: 130
0
GreatSchools Rating
 

Financial Details

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Neighborhood

MARYDEL

  • 1,225

    POPULATION
  • 459

    HOUSEHOLDS
  • 46.9%

    WHITE COLLAR

Neighborhood : MARYDEL

HOUSEHOLDS
459
POPULATION

1,225

20.9%Renters
79.1%Home Owners
LABOR FORCE

 

46.9%White Collar
53.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,039 per month.

MY RENT : $1,039 MEDIAN RENT : $1,234

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 3.7%
$900-999 11.6%
$1,000-1,499 68.1%
>=$1,500 16.7%
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 $1,039 would therefore be considered affordable for annual household incomes greater than $41,560 (12 months x 3.333 x $1,039).

Rent % Affordability
Above $500 86.4%
Above $700 78.1%
Above $1,100 64.2%
Above $1,500 47.7%
Above $1,900 35.9%
HOUSEHOLD INCOME RANGE

Approximately 252 of households in this neighborhood have a total annual income of $41,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,039 per month.

MINIMUM INCOME RANGE : $41,560

Income % Distribution
<$20K 13.6%
$20K-$35K 14.2%
$35K-$60K 24.5%
$60K-$100K 27.1%
>=$100K 20.6%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 8% 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 2.2%
5-9 mins 3.4%
10-14 mins 2.2%
15-19 mins 14.4%
20-29 mins 32.8%
30-44 mins 23.8%
45-59 mins 11.0%
>60 mins 10.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,039 per month.

MY RENT : $1,039 MEDIAN RENT : $1,234

Rent % Distribution
$500-699 0.0%
$700-899 3.7%
$900-999 11.6%
$1,000-1,499 68.1%
>=$1,500 16.7%
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 $1,039 would therefore be considered affordable for annual household incomes greater than $41,560 (12 months x 3.333 x $1,039).

Rent % Affordability
Above $500 86.4%
Above $700 78.1%
Above $1,100 64.2%
Above $1,500 47.7%
Above $1,900 35.9%
HOUSEHOLD INCOME RANGE

Approximately 252 of households in this neighborhood have a total annual income of $41,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,039 per month.

MINIMUM INCOME RANGE : $41,560

Income % Distribution
<$20K 13.6%
$20K-$35K 14.2%
$35K-$60K 24.5%
$60K-$100K 27.1%
>=$100K 20.6%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 8% 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 2.2%
5-9 mins 3.4%
10-14 mins 2.2%
15-19 mins 14.4%
20-29 mins 32.8%
30-44 mins 23.8%
45-59 mins 11.0%
>60 mins 10.1%

MARYDEL Demographics

INDUSTRY

Industry % Distribution
Construction 12.2%
Health Care & Social Assistance 7.9%
Manufacturing 6.8%
Public Administration 15.9%
Retail & Wholesale Trader 17.8%
Transportation 9.9%
Other 29.5%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 26% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 13.0%
15-19 7.0%
20-24 6.0%
25-44 28.4%
45-65 28.6%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Education 7.1%
Healthcare 8.9%
Management, Business, & Financial 13.1%
Natural Resources Maintenance 18.7%
Production & Transportation 16.5%
Sales & Office 23.6%
Other 12.1%
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 6.9%
High School 37.6%
Masters Degree 3.8%
Some College 17.0%
Some High School 21.5%
Other 13.2%

283 Mowely Ln 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

Nearest zipcodes within 2 miles

  1. 19934