INVESTimate
$72,227
86 Barr Ln PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $113.67
CONSTRUCTION
- Beds : 2
- Floor Size : 2,016 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
86 Barr Ln, Marydel, DE 19964 is a single family home of 2,016 sqft. HomeUnion estimate for 86 Barr Ln includes a Price Estimate of $229,158 and a Rent Estimate of $1,312. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1998. This property has an estimated 15 year annualized Yield of 6.87% and Total Return of 11.69%. The estimated 1 year forecast in home value for 86 Barr Ln is 2.83%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
86 Barr Ln SCHOOLS
Financial Details
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MARYDEL
Neighborhood : MARYDEL
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,312 per month.
MY RENT : $1,312 MEDIAN RENT : $1,234
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 $1,312 would therefore be considered affordable for annual household incomes greater than $52,480 (12 months x 3.333 x $1,312).
HOUSEHOLD INCOME RANGE
Approximately 232 of households in this neighborhood have a total annual income of $52,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,312 per month.
MINIMUM INCOME RANGE : $52,480
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.
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% |
86 Barr Ln Comps
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