INVESTimate
$97,305
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82 Cram Rd PROPERTY INFO
FACTS
- Built In 0
- Price/Sqft : $289.88
CONSTRUCTION
- Beds : 0
- Floor Size : 1,117 sqft
- Baths : 0 Full
82 Cram Rd SCHOOLS
Financial Details
See Financial Details
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EAST BALDWIN
Neighborhood : EAST BALDWIN
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 $1,182 per month.
MY RENT : $1,182 MEDIAN RENT : $1,258
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 $1,182 would therefore be considered affordable for annual household incomes greater than $47,280 (12 months x 3.333 x $1,182).
HOUSEHOLD INCOME RANGE
Approximately 116 of households in this neighborhood have a total annual income of $47,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,182 per month.
MINIMUM INCOME RANGE : $47,280
COMMUTE TIME DISTRIBUTION
44% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 40% has a commute time of 45 minutes or longer.
EAST BALDWIN Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Educational Services | 9.9% |
Health Care & Social Assistance | 14.7% |
Manufacturing | 10.6% |
Public Administration | 6.8% |
Retail & Wholesale Trader | 17.1% |
Transportation | 8.2% |
Other | 32.5% |
AGE DISTRIBUTION
59% of the population is between the ages of 25 and 64, 23% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 13.6% |
15-19 | 5.9% |
20-24 | 3.8% |
25-44 | 24.7% |
45-65 | 34.4% |
66+ | 17.5% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 4.8% |
Healthcare | 6.9% |
Management, Business, & Financial | 12.2% |
Natural Resources Maintenance | 14.9% |
Production & Transportation | 15.4% |
Sales & Office | 28.2% |
Other | 17.6% |
HIGHEST EDUCATION LEVEL
14% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 10.0% |
High School | 47.2% |
Masters Degree | 2.9% |
Some College | 17.0% |
Some High School | 7.9% |
Other | 15.0% |
82 Cram Rd Comps
82 Cram Rd, East Baldwin, ME 04024 is a single family home of 1,117 sqft. HomeUnion INVESTimateĀ® for 82 Cram Rd includes a Price Estimate of $323,794 and a Rent Estimate of $1,182. This single family home has 0 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 4.38% and Total Return of 12.16%. The estimated 1 year forecast in home value for 82 Cram Rd is 3.73%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , CUMBERLAND County , or the 04024 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2