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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

88 Mckinley Ct Diamond Cove, ME 04109

3 Beds 3 Baths 1,728 sqft Built 1850
Last updated:  Oct 23, 2019

INVESTimate

$230,240

$211K - $250K

Price Est.

$2,528

$2.3K - $2.7K

Rent Est.

$242,650  ( +5.39%)   1 YR EST. FORECAST
  
  
  

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88 Mckinley Ct PROPERTY INFO

FACTS
  • Built In 1850
  • Price/Sqft : $133.24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,728 sqft
  • Baths : 2 Full 1 Half

88 Mckinley Ct SCHOOLS

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Financial Details

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Neighborhood

Great Diamond Island

  • 67

    POPULATION
  • 24

    HOUSEHOLDS
  • 62.3%

    WHITE COLLAR

Neighborhood : Great Diamond Island

HOUSEHOLDS
24
POPULATION

67

0.0%Renters
100.0%Home Owners
LABOR FORCE

 

62.3%White Collar
37.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,528 per month.

MY RENT : $2,528 MEDIAN RENT : $2,509

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,528 would therefore be considered affordable for annual household incomes greater than $101,120 (12 months x 3.333 x $2,528).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 68.0%
Above $1,500 36.0%
Above $1,900 36.0%
HOUSEHOLD INCOME RANGE

Approximately 5 of households in this neighborhood have a total annual income of $101,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,528 per month.

MINIMUM INCOME RANGE : $101,120

Income % Distribution
<$20K 0.0%
$20K-$35K 32.0%
$35K-$60K 32.0%
$60K-$100K 0.0%
>=$100K 36.0%
COMMUTE TIME DISTRIBUTION

40% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 20.0%
10-14 mins 20.0%
15-19 mins 20.0%
20-29 mins 0.0%
30-44 mins 20.0%
45-59 mins 0.0%
>60 mins 20.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,528 per month.

MY RENT : $2,528 MEDIAN RENT : $2,509

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,528 would therefore be considered affordable for annual household incomes greater than $101,120 (12 months x 3.333 x $2,528).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 68.0%
Above $1,500 36.0%
Above $1,900 36.0%
HOUSEHOLD INCOME RANGE

Approximately 5 of households in this neighborhood have a total annual income of $101,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,528 per month.

MINIMUM INCOME RANGE : $101,120

Income % Distribution
<$20K 0.0%
$20K-$35K 32.0%
$35K-$60K 32.0%
$60K-$100K 0.0%
>=$100K 36.0%
COMMUTE TIME DISTRIBUTION

40% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 20.0%
10-14 mins 20.0%
15-19 mins 20.0%
20-29 mins 0.0%
30-44 mins 20.0%
45-59 mins 0.0%
>60 mins 20.0%

Great Diamond Island Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.5%
Construction 12.5%
Educational Services 12.5%
Professional & Scientific Tech Services 12.5%
Public Administration 15.6%
Transportation 12.5%
Other 21.9%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 36% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 35.8%
15-19 0.0%
20-24 0.0%
25-44 52.2%
45-65 0.0%
66+ 11.9%
OCCUPATION

Occupation % Distribution
Management, Business, & Financial 52.9%
Natural Resources Maintenance 47.1%
Production & Transportation 0.0%
Protect 0.0%
Sales & Office 0.0%
Social 0.0%
Other 0.0%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 0.0%
High School 0.0%
Masters Degree 18.6%
Professional 0.0%
Some High School 0.0%
Other 81.4%

88 Mckinley Ct Comps

Sorry, we do not have sufficient data available.

88 Mckinley Ct, Diamond Cove, ME 04109 is a single family home of 1,728 sqft. HomeUnion INVESTimateĀ® for 88 Mckinley Ct includes a Price Estimate of $230,240 and a Rent Estimate of $2,528. This single family home has 3 bedrooms,3 bathrooms, and was built in 1850. This property has an estimated 15 year annualized Yield of 13.18% and Total Return of 35.55%. The estimated 1 year forecast in home value for 88 Mckinley Ct is 5.39%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in ME , CUMBERLAND County , or the 04109 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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