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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

11601 Elkin St 104 Wheaton, MD 20902

0 Beds 0 Baths 940 sqft Built 1961
Last updated:  May 30, 2018

INVESTimate

$236,885

$225K - $248K

Price Est.

$1,609

$1.5K - $1.7K

Rent Est.

$245,650  ( +3.7%)   1 YR EST. FORECAST
  
  
  

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11601 Elkin St 104 PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $252.01
CONSTRUCTION
  • Beds : 0
  • Floor Size : 940 sqft
  • Baths : 0 Full

11601 Elkin St 104 SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

SILVER SPRING

  • 52,104

    POPULATION
  • 16,443

    HOUSEHOLDS
  • 68.0%

    WHITE COLLAR

Neighborhood : SILVER SPRING

HOUSEHOLDS
16,443
POPULATION

52,104

36.2%Renters
63.8%Home Owners
LABOR FORCE

 

68.0%White Collar
32.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,499 per month.

MY RENT : $1,499 MEDIAN RENT : $1,922

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.0%
>=$1,500 95.0%
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 $1,499 would therefore be considered affordable for annual household incomes greater than $59,960 (12 months x 3.333 x $1,499).

Rent % Affordability
Above $500 91.7%
Above $700 87.1%
Above $1,100 77.9%
Above $1,500 66.7%
Above $1,900 57.2%
HOUSEHOLD INCOME RANGE

Approximately 10,967 of households in this neighborhood have a total annual income of $59,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,499 per month.

MINIMUM INCOME RANGE : $59,960

Income % Distribution
<$20K 8.3%
$20K-$35K 8.6%
$35K-$60K 16.4%
$60K-$100K 23.8%
>=$100K 42.9%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.5%
5-9 mins 3.2%
10-14 mins 5.1%
15-19 mins 8.1%
20-29 mins 19.8%
30-44 mins 29.7%
45-59 mins 16.0%
>60 mins 17.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,499 per month.

MY RENT : $1,499 MEDIAN RENT : $1,922

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.0%
>=$1,500 95.0%
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 $1,499 would therefore be considered affordable for annual household incomes greater than $59,960 (12 months x 3.333 x $1,499).

Rent % Affordability
Above $500 91.7%
Above $700 87.1%
Above $1,100 77.9%
Above $1,500 66.7%
Above $1,900 57.2%
HOUSEHOLD INCOME RANGE

Approximately 10,967 of households in this neighborhood have a total annual income of $59,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,499 per month.

MINIMUM INCOME RANGE : $59,960

Income % Distribution
<$20K 8.3%
$20K-$35K 8.6%
$35K-$60K 16.4%
$60K-$100K 23.8%
>=$100K 42.9%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.5%
5-9 mins 3.2%
10-14 mins 5.1%
15-19 mins 8.1%
20-29 mins 19.8%
30-44 mins 29.7%
45-59 mins 16.0%
>60 mins 17.7%

SILVER SPRING Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.0%
Construction 10.0%
Health Care & Social Assistance 12.6%
Professional & Scientific Tech Services 13.2%
Public Administration 9.9%
Retail & Wholesale Trader 9.9%
Other 33.5%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 33% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 21.7%
15-19 6.3%
20-24 5.3%
25-44 30.7%
45-65 23.8%
66+ 12.2%
OCCUPATION

Occupation % Distribution
Clean 5.9%
Computer Engineering 10.7%
Healthcare 6.6%
Management, Business, & Financial 20.6%
Natural Resources Maintenance 10.4%
Sales & Office 15.5%
Other 30.2%
HIGHEST EDUCATION LEVEL

28% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.4%
High School 17.2%
Masters Degree 14.8%
Some College 14.5%
Some High School 17.8%
Other 31.2%

11601 Elkin St 104 Comps

Sorry, we do not have sufficient data available.

11601 Elkin St 104, Wheaton, MD 20902 is a single family home of 940 sqft. HomeUnion INVESTimateĀ® for 11601 Elkin St 104 includes a Price Estimate of $236,885 and a Rent Estimate of $1,609. This single family home has 0 bedrooms,0 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 8.15% and Total Return of 21.44%. The estimated 1 year forecast in home value for 11601 Elkin St 104 is 3.7%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , MONTGOMERY County , or the 20902 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2