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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

2330 Red Eagle Ct 15 Aspen Hill, MD 20906

0 Beds 0 Baths 1,221 sqft Built 1995
Last updated:  Jun 30, 2018

INVESTimate

$251,407

$243K - $260K

Price Est.

$1,639

$1.5K - $1.7K

Rent Est.

$257,717  ( +2.51%)   1 YR EST. FORECAST
  
  
  

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2330 Red Eagle Ct 15 PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $205.90
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,221 sqft
  • Baths : 0 Full

2330 Red Eagle Ct 15 SCHOOLS

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Financial Details

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Neighborhood

SILVER SPRING

  • 69,868

    POPULATION
  • 25,259

    HOUSEHOLDS
  • 61.9%

    WHITE COLLAR

Neighborhood : SILVER SPRING

HOUSEHOLDS
25,259
POPULATION

69,868

35.7%Renters
64.3%Home Owners
LABOR FORCE

 

61.9%White Collar
38.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,575 per month.

MY RENT : $1,575 MEDIAN RENT : $1,907

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 24.8%
>=$1,500 75.2%
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 $1,575 would therefore be considered affordable for annual household incomes greater than $63,000 (12 months x 3.333 x $1,575).

Rent % Affordability
Above $500 88.8%
Above $700 83.0%
Above $1,100 69.4%
Above $1,500 57.2%
Above $1,900 46.9%
HOUSEHOLD INCOME RANGE

Approximately 10,465 of households in this neighborhood have a total annual income of $63,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,575 per month.

MINIMUM INCOME RANGE : $63,000

Income % Distribution
<$20K 11.2%
$20K-$35K 11.4%
$35K-$60K 20.2%
$60K-$100K 25.0%
>=$100K 32.2%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 33% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.4%
5-9 mins 3.5%
10-14 mins 4.4%
15-19 mins 10.0%
20-29 mins 18.6%
30-44 mins 29.5%
45-59 mins 15.0%
>60 mins 18.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,575 per month.

MY RENT : $1,575 MEDIAN RENT : $1,907

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 24.8%
>=$1,500 75.2%
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 $1,575 would therefore be considered affordable for annual household incomes greater than $63,000 (12 months x 3.333 x $1,575).

Rent % Affordability
Above $500 88.8%
Above $700 83.0%
Above $1,100 69.4%
Above $1,500 57.2%
Above $1,900 46.9%
HOUSEHOLD INCOME RANGE

Approximately 10,465 of households in this neighborhood have a total annual income of $63,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,575 per month.

MINIMUM INCOME RANGE : $63,000

Income % Distribution
<$20K 11.2%
$20K-$35K 11.4%
$35K-$60K 20.2%
$60K-$100K 25.0%
>=$100K 32.2%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 33% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.4%
5-9 mins 3.5%
10-14 mins 4.4%
15-19 mins 10.0%
20-29 mins 18.6%
30-44 mins 29.5%
45-59 mins 15.0%
>60 mins 18.5%

SILVER SPRING Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.5%
Construction 9.1%
Health Care & Social Assistance 15.5%
Professional & Scientific Tech Services 9.0%
Public Administration 8.1%
Retail & Wholesale Trader 10.3%
Other 36.6%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 29% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 18.0%
15-19 5.2%
20-24 5.7%
25-44 26.2%
45-65 25.2%
66+ 19.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.4%
Healthcare 10.5%
Management, Business, & Financial 16.9%
Natural Resources Maintenance 11.1%
Production & Transportation 6.8%
Sales & Office 19.2%
Other 27.1%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.9%
High School 24.8%
Masters Degree 11.6%
Some College 17.2%
Some High School 14.7%
Other 25.8%

2330 Red Eagle Ct 15 Comps

Sorry, we do not have sufficient data available.

2330 Red Eagle Ct 15, Aspen Hill, MD 20906 is a single family home of 1,221 sqft. HomeUnion INVESTimateĀ® for 2330 Red Eagle Ct 15 includes a Price Estimate of $251,407 and a Rent Estimate of $1,639. This single family home has 0 bedrooms,0 bathrooms, and was built in 1995. This property has an estimated 15 year annualized Yield of 7.82% and Total Return of 19.41%. The estimated 1 year forecast in home value for 2330 Red Eagle Ct 15 is 2.51%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , MONTGOMERY County , or the 20906 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2