INVESTimate
$56,203
Financial Details886 Strauss Ave PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $175.72
CONSTRUCTION
- Beds : 2
- Floor Size : 960 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
886 Strauss Ave, Marydel, DE 19964 is a single family home of 960 sqft. HomeUnion estimate for 886 Strauss Ave includes a Price Estimate of $168,692 and a Rent Estimate of $948. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 6.74% and Total Return of 12.29%. The estimated 1 year forecast in home value for 886 Strauss Ave is 2.83%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
886 Strauss Ave SCHOOLS
Financial Details
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MARYDEL
Neighborhood : MARYDEL
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $948 per month.
MY RENT : $948 MEDIAN RENT : $1,219
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 $948 would therefore be considered affordable for annual household incomes greater than $37,920 (12 months x 3.333 x $948).
HOUSEHOLD INCOME RANGE
Approximately 248 of households in this neighborhood have a total annual income of $37,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $948 per month.
MINIMUM INCOME RANGE : $37,920
COMMUTE TIME DISTRIBUTION
69% of the working population has a commute time of 15 to 44 minutes, 10% 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 |
|---|---|
| Arts & Entertainment | 8.1% |
| Construction | 12.5% |
| Manufacturing | 7.4% |
| Public Administration | 13.0% |
| Retail & Wholesale Trader | 20.2% |
| Transportation | 8.6% |
| Other | 30.4% |
AGE DISTRIBUTION
58% of the population is between the ages of 25 and 64, 26% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 13.7% |
| 15-19 | 6.5% |
| 20-24 | 6.2% |
| 25-44 | 28.2% |
| 45-65 | 29.8% |
| 66+ | 15.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Education | 8.7% |
| Healthcare | 7.5% |
| Management, Business, & Financial | 10.7% |
| Natural Resources Maintenance | 16.7% |
| Production & Transportation | 16.4% |
| Sales & Office | 28.9% |
| Other | 11.2% |
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 | 7.6% |
| High School | 38.2% |
| Masters Degree | 3.5% |
| Some College | 19.0% |
| Some High School | 20.1% |
| Other | 11.6% |
886 Strauss Ave Comps
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