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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

47 Clover Ln Brewer, ME 04412

3 Beds 3 Baths 1,220 sqft Built 1973
Last updated:  Dec 26, 2019

INVESTimate

$207,211

$193K - $221K

Price Est.

$2,100

$1.8K - $2.4K

Rent Est.

$208,786  ( +0.76%)   1 YR EST. FORECAST
  
  
  

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47 Clover Ln PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $169.85
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 3 Full

47 Clover Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BREWER COMMUNITY SCHOOL Primary Regular 66 NA
BREWER COMMUNITY SCHOOL Middle Regular 66 NA
BREWER HIGH SCHOOL High Regular 721 52 8

BREWER COMMUNITY SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 66
0
GreatSchools Rating

BREWER COMMUNITY SCHOOL

  • Education Level: Middle
  • # of students: 0
  • # of teachers: 66
0
GreatSchools Rating

BREWER HIGH SCHOOL

  • Education Level: High
  • # of students: 721
  • # of teachers: 52
8
GreatSchools Rating
 

Financial Details

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Neighborhood

BREWER

  • 9,167

    POPULATION
  • 3,754

    HOUSEHOLDS
  • 58.1%

    WHITE COLLAR

Neighborhood : BREWER

HOUSEHOLDS
3,754
POPULATION

9,167

40.4%Renters
59.6%Home Owners
LABOR FORCE

 

58.1%White Collar
41.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,100 per month.

MY RENT : $2,100 MEDIAN RENT : $1,480

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.5%
$900-999 5.3%
$1,000-1,499 44.6%
>=$1,500 48.6%
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 $2,100 would therefore be considered affordable for annual household incomes greater than $84,000 (12 months x 3.333 x $2,100).

Rent % Affordability
Above $500 83.5%
Above $700 77.9%
Above $1,100 61.5%
Above $1,500 44.7%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 782 of households in this neighborhood have a total annual income of $84,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,100 per month.

MINIMUM INCOME RANGE : $84,000

Income % Distribution
<$20K 16.5%
$20K-$35K 15.1%
$35K-$60K 23.7%
$60K-$100K 28.4%
>=$100K 16.3%
COMMUTE TIME DISTRIBUTION

41% of the working population has a commute time of 15 to 44 minutes, 52% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.0%
5-9 mins 18.7%
10-14 mins 28.4%
15-19 mins 22.8%
20-29 mins 11.6%
30-44 mins 6.5%
45-59 mins 1.8%
>60 mins 5.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,100 per month.

MY RENT : $2,100 MEDIAN RENT : $1,480

Rent % Distribution
$500-699 0.0%
$700-899 1.5%
$900-999 5.3%
$1,000-1,499 44.6%
>=$1,500 48.6%
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 $2,100 would therefore be considered affordable for annual household incomes greater than $84,000 (12 months x 3.333 x $2,100).

Rent % Affordability
Above $500 83.5%
Above $700 77.9%
Above $1,100 61.5%
Above $1,500 44.7%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 782 of households in this neighborhood have a total annual income of $84,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,100 per month.

MINIMUM INCOME RANGE : $84,000

Income % Distribution
<$20K 16.5%
$20K-$35K 15.1%
$35K-$60K 23.7%
$60K-$100K 28.4%
>=$100K 16.3%
COMMUTE TIME DISTRIBUTION

41% of the working population has a commute time of 15 to 44 minutes, 52% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.0%
5-9 mins 18.7%
10-14 mins 28.4%
15-19 mins 22.8%
20-29 mins 11.6%
30-44 mins 6.5%
45-59 mins 1.8%
>60 mins 5.3%

BREWER Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.0%
Educational Services 7.5%
Health Care & Social Assistance 21.1%
Public Administration 9.3%
Retail & Wholesale Trader 16.2%
Transportation 7.1%
Other 29.7%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 28% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 18.0%
15-19 4.9%
20-24 5.4%
25-44 27.9%
45-65 27.4%
66+ 16.5%
OCCUPATION

Occupation % Distribution
Healthcare 14.0%
Management, Business, & Financial 14.0%
Natural Resources Maintenance 7.1%
Production & Transportation 10.5%
Protect 7.4%
Sales & Office 26.3%
Other 20.7%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 15.7%
High School 23.1%
Masters Degree 6.7%
Some College 24.0%
Some High School 7.3%
Other 23.2%

47 Clover Ln Comps

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47 Clover Ln, Brewer, ME 04412 is a single family home of 1,220 sqft. HomeUnion INVESTimateĀ® for 47 Clover Ln includes a Price Estimate of $207,211 and a Rent Estimate of $2,100. This single family home has 3 bedrooms,3 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 12.16% and Total Return of 23.09%. The estimated 1 year forecast in home value for 47 Clover Ln is 0.76%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , PENOBSCOT County , or the 04412 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 04401