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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

2807 Weisman Rd Wheaton, MD 20902

0 Beds 1 Baths 1,718 sqft Built 1951
Last updated:  May 30, 2018

INVESTimate

$380,444

$362K - $399K

Price Est.

$1,741

$1.6K - $1.9K

Rent Est.

$391,629  ( +2.94%)   1 YR EST. FORECAST
  
  
  

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2807 Weisman Rd PROPERTY INFO

FACTS
  • Built In 1951
  • Price/Sqft : $221.45
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,718 sqft
  • Baths : 1 Full

2807 Weisman Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ARCOLA ELEMENTARY SCHOOL Primary Regular 655 58 2
COL. E. BROOKE LEE MIDDLE SCHOOL Middle Regular 586 38 5
NORTHWOOD HIGH SCHOOL High Regular 1,453 87 4

ARCOLA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 655
  • # of teachers: 58
2
GreatSchools Rating

COL. E. BROOKE LEE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 586
  • # of teachers: 38
5
GreatSchools Rating

NORTHWOOD HIGH SCHOOL

  • Education Level: High
  • # of students: 1,453
  • # of teachers: 87
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Glenmont

  • 16,096

    POPULATION
  • 5,237

    HOUSEHOLDS
  • 61.6%

    WHITE COLLAR

Neighborhood : Glenmont

HOUSEHOLDS
5,237
POPULATION

16,096

41.2%Renters
58.8%Home Owners
LABOR FORCE

 

61.6%White Collar
38.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,796 per month.

MY RENT : $1,796 MEDIAN RENT : $2,310

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 6.8%
>=$1,500 93.2%
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 $1,796 would therefore be considered affordable for annual household incomes greater than $71,840 (12 months x 3.333 x $1,796).

Rent % Affordability
Above $500 92.9%
Above $700 87.4%
Above $1,100 75.0%
Above $1,500 64.0%
Above $1,900 52.5%
HOUSEHOLD INCOME RANGE

Approximately 2,414 of households in this neighborhood have a total annual income of $71,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,796 per month.

MINIMUM INCOME RANGE : $71,840

Income % Distribution
<$20K 7.1%
$20K-$35K 11.2%
$35K-$60K 17.6%
$60K-$100K 25.0%
>=$100K 39.0%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 6% 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 0.2%
5-9 mins 1.8%
10-14 mins 4.5%
15-19 mins 10.1%
20-29 mins 18.0%
30-44 mins 31.1%
45-59 mins 14.7%
>60 mins 19.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 93% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,796 per month.

MY RENT : $1,796 MEDIAN RENT : $2,310

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 6.8%
>=$1,500 93.2%
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 $1,796 would therefore be considered affordable for annual household incomes greater than $71,840 (12 months x 3.333 x $1,796).

Rent % Affordability
Above $500 92.9%
Above $700 87.4%
Above $1,100 75.0%
Above $1,500 64.0%
Above $1,900 52.5%
HOUSEHOLD INCOME RANGE

Approximately 2,414 of households in this neighborhood have a total annual income of $71,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,796 per month.

MINIMUM INCOME RANGE : $71,840

Income % Distribution
<$20K 7.1%
$20K-$35K 11.2%
$35K-$60K 17.6%
$60K-$100K 25.0%
>=$100K 39.0%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 6% 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 0.2%
5-9 mins 1.8%
10-14 mins 4.5%
15-19 mins 10.1%
20-29 mins 18.0%
30-44 mins 31.1%
45-59 mins 14.7%
>60 mins 19.7%

Glenmont Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 13.9%
Construction 10.3%
Educational Services 9.6%
Health Care & Social Assistance 11.2%
Professional & Scientific Tech Services 9.1%
Public Administration 8.8%
Other 37.2%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 32% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 19.2%
15-19 5.6%
20-24 7.4%
25-44 28.8%
45-65 26.9%
66+ 12.2%
OCCUPATION

Occupation % Distribution
Clean 8.6%
Computer Engineering 9.7%
Healthcare 8.6%
Management, Business, & Financial 16.0%
Natural Resources Maintenance 12.0%
Sales & Office 17.0%
Other 28.1%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.5%
High School 23.7%
Masters Degree 12.2%
Some College 14.1%
Some High School 20.2%
Other 25.3%

2807 Weisman Rd Comps

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2807 Weisman Rd, Wheaton, MD 20902 is a single family home of 1,718 sqft. HomeUnion INVESTimateĀ® for 2807 Weisman Rd includes a Price Estimate of $380,444 and a Rent Estimate of $1,741. This single family home has 0 bedrooms,1 bathrooms, and was built in 1951. This property has an estimated 15 year annualized Yield of 5.49% and Total Return of 12.55%. The estimated 1 year forecast in home value for 2807 Weisman Rd is 2.94%.

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