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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

61 Greenleaf Parsons Rd Cape Neddick, ME 03902

3 Beds 4 Baths 1,946 sqft Built 1985
Last updated:  Oct 23, 2019

INVESTimate

$351,671

$303K - $400K

Price Est.

$2,661

$2.3K - $3.0K

Rent Est.

$369,219  ( +4.99%)   1 YR EST. FORECAST
  
  
  

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61 Greenleaf Parsons Rd PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $180.71
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,946 sqft
  • Baths : 3 Full 1 Half

61 Greenleaf Parsons Rd SCHOOLS

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Financial Details

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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 $2,661 per month.

MY RENT : $2,661 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 $2,661 would therefore be considered affordable for annual household incomes greater than $106,440 (12 months x 3.333 x $2,661).

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 217 of households in this neighborhood have a total annual income of $106,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,661 per month.

MINIMUM INCOME RANGE : $106,440

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 $2,661 per month.

MY RENT : $2,661 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 $2,661 would therefore be considered affordable for annual household incomes greater than $106,440 (12 months x 3.333 x $2,661).

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 217 of households in this neighborhood have a total annual income of $106,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,661 per month.

MINIMUM INCOME RANGE : $106,440

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%

61 Greenleaf Parsons Rd Comps

Sorry, we do not have sufficient data available.

61 Greenleaf Parsons Rd, Cape Neddick, ME 03902 is a single family home of 1,946 sqft. HomeUnion INVESTimateĀ® for 61 Greenleaf Parsons Rd includes a Price Estimate of $351,671 and a Rent Estimate of $2,661. This single family home has 3 bedrooms,4 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 9.08% and Total Return of 26.18%. The estimated 1 year forecast in home value for 61 Greenleaf Parsons Rd 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

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