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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

160 Carvel Beach Rd Carvel Beach, MD 21226

0 Beds 3 Baths 1,888 sqft Built 2015
Last updated:  Jul 30, 2018

INVESTimate

$376,974

$320K - $434K

Price Est.

$2,035

$1.9K - $2.2K

Rent Est.

$384,815  ( +2.08%)   1 YR EST. FORECAST
  
  
  

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160 Carvel Beach Rd PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $199.67
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,888 sqft
  • Baths : 2 Full 1 Half

160 Carvel Beach Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOLLEY ELEMENTARY SCHOOL Primary Regular 655 37 7
GEORGE FOX MIDDLE SCHOOL Middle Regular 909 58 5
NORTHEAST HIGH SCHOOL High Regular 1,335 79 7

SOLLEY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 37
7
GreatSchools Rating

GEORGE FOX MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 58
5
GreatSchools Rating

NORTHEAST HIGH SCHOOL

  • Education Level: High
  • # of students: 1,335
  • # of teachers: 79
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Riviera Beach

  • 14,235

    POPULATION
  • 5,148

    HOUSEHOLDS
  • 64.3%

    WHITE COLLAR

Neighborhood : Riviera Beach

HOUSEHOLDS
5,148
POPULATION

14,235

12.7%Renters
87.3%Home Owners
LABOR FORCE

 

64.3%White Collar
35.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,870 per month.

MY RENT : $1,870 MEDIAN RENT : $1,525

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.7%
$1,000-1,499 35.3%
>=$1,500 63.0%
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 $1,870 would therefore be considered affordable for annual household incomes greater than $74,800 (12 months x 3.333 x $1,870).

Rent % Affordability
Above $500 93.0%
Above $700 88.6%
Above $1,100 81.2%
Above $1,500 71.4%
Above $1,900 57.3%
HOUSEHOLD INCOME RANGE

Approximately 2,359 of households in this neighborhood have a total annual income of $74,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,870 per month.

MINIMUM INCOME RANGE : $74,800

Income % Distribution
<$20K 7.0%
$20K-$35K 7.6%
$35K-$60K 14.0%
$60K-$100K 34.2%
>=$100K 37.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.2%
5-9 mins 4.7%
10-14 mins 9.4%
15-19 mins 11.8%
20-29 mins 27.5%
30-44 mins 27.2%
45-59 mins 11.1%
>60 mins 7.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,870 per month.

MY RENT : $1,870 MEDIAN RENT : $1,525

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.7%
$1,000-1,499 35.3%
>=$1,500 63.0%
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 $1,870 would therefore be considered affordable for annual household incomes greater than $74,800 (12 months x 3.333 x $1,870).

Rent % Affordability
Above $500 93.0%
Above $700 88.6%
Above $1,100 81.2%
Above $1,500 71.4%
Above $1,900 57.3%
HOUSEHOLD INCOME RANGE

Approximately 2,359 of households in this neighborhood have a total annual income of $74,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,870 per month.

MINIMUM INCOME RANGE : $74,800

Income % Distribution
<$20K 7.0%
$20K-$35K 7.6%
$35K-$60K 14.0%
$60K-$100K 34.2%
>=$100K 37.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.2%
5-9 mins 4.7%
10-14 mins 9.4%
15-19 mins 11.8%
20-29 mins 27.5%
30-44 mins 27.2%
45-59 mins 11.1%
>60 mins 7.1%

Riviera Beach Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.5%
Health Care & Social Assistance 8.7%
Manufacturing 9.3%
Professional & Scientific Tech Services 9.8%
Public Administration 8.6%
Retail & Wholesale Trader 15.2%
Other 36.9%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 31% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 20.9%
15-19 3.9%
20-24 6.4%
25-44 30.5%
45-65 26.9%
66+ 11.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 12.4%
Healthcare 5.6%
Management, Business, & Financial 17.2%
Natural Resources Maintenance 13.8%
Production & Transportation 10.4%
Sales & Office 23.5%
Other 17.0%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.8%
High School 37.1%
Masters Degree 5.5%
Some College 22.1%
Some High School 9.1%
Other 17.4%

160 Carvel Beach Rd Comps

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160 Carvel Beach Rd, Carvel Beach, MD 21226 is a single family home of 1,888 sqft. HomeUnion INVESTimateĀ® for 160 Carvel Beach Rd includes a Price Estimate of $376,974 and a Rent Estimate of $2,035. This single family home has 0 bedrooms,3 bathrooms, and was built in 2015. This property has an estimated 15 year annualized Yield of 6.48% and Total Return of 13.51%. The estimated 1 year forecast in home value for 160 Carvel Beach Rd is 2.08%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , ANNE ARUNDEL County , or the 21226 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2