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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

3008 Old Gamber Rd Finksburg, MD 21048

0 Beds 1 Baths 808 sqft Built 1946
Last updated:  Jun 30, 2018

INVESTimate

$149,632

$141K - $158K

Price Est.

$1,030

945 - $1.1K

Rent Est.

$155,587  ( +3.98%)   1 YR EST. FORECAST
  
  
  

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3008 Old Gamber Rd PROPERTY INFO

FACTS
  • Built In 1946
  • Price/Sqft : $185.19
CONSTRUCTION
  • Beds : 0
  • Floor Size : 808 sqft
  • Baths : 1 Full

3008 Old Gamber Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SANDYMOUNT ELEMENTARY SCHOOL Primary Regular 477 32 7
SHILOH MIDDLE SCHOOL Middle Regular 670 45 8
WESTMINSTER HIGH SCHOOL High Regular 1,668 97 8

SANDYMOUNT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 477
  • # of teachers: 32
7
GreatSchools Rating

SHILOH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 670
  • # of teachers: 45
8
GreatSchools Rating

WESTMINSTER HIGH SCHOOL

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 97
8
GreatSchools Rating
 

Financial Details

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Neighborhood

FINKSBURG

  • 10,996

    POPULATION
  • 3,849

    HOUSEHOLDS
  • 71.7%

    WHITE COLLAR

Neighborhood : FINKSBURG

HOUSEHOLDS
3,849
POPULATION

10,996

5.1%Renters
94.9%Home Owners
LABOR FORCE

 

71.7%White Collar
28.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,069 per month.

MY RENT : $1,069 MEDIAN RENT : $2,057

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.4%
>=$1,500 91.6%
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 $1,069 would therefore be considered affordable for annual household incomes greater than $42,760 (12 months x 3.333 x $1,069).

Rent % Affordability
Above $500 94.2%
Above $700 90.0%
Above $1,100 83.2%
Above $1,500 78.0%
Above $1,900 69.3%
HOUSEHOLD INCOME RANGE

Approximately 3,106 of households in this neighborhood have a total annual income of $42,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,069 per month.

MINIMUM INCOME RANGE : $42,760

Income % Distribution
<$20K 5.8%
$20K-$35K 6.7%
$35K-$60K 9.5%
$60K-$100K 21.4%
>=$100K 56.5%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 16% 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 0.6%
5-9 mins 4.8%
10-14 mins 11.0%
15-19 mins 15.3%
20-29 mins 16.7%
30-44 mins 18.0%
45-59 mins 18.1%
>60 mins 15.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,069 per month.

MY RENT : $1,069 MEDIAN RENT : $2,057

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.4%
>=$1,500 91.6%
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 $1,069 would therefore be considered affordable for annual household incomes greater than $42,760 (12 months x 3.333 x $1,069).

Rent % Affordability
Above $500 94.2%
Above $700 90.0%
Above $1,100 83.2%
Above $1,500 78.0%
Above $1,900 69.3%
HOUSEHOLD INCOME RANGE

Approximately 3,106 of households in this neighborhood have a total annual income of $42,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,069 per month.

MINIMUM INCOME RANGE : $42,760

Income % Distribution
<$20K 5.8%
$20K-$35K 6.7%
$35K-$60K 9.5%
$60K-$100K 21.4%
>=$100K 56.5%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 16% 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 0.6%
5-9 mins 4.8%
10-14 mins 11.0%
15-19 mins 15.3%
20-29 mins 16.7%
30-44 mins 18.0%
45-59 mins 18.1%
>60 mins 15.5%

FINKSBURG Demographics

INDUSTRY

Industry % Distribution
Construction 9.3%
Financial Industries 6.8%
Health Care & Social Assistance 11.9%
Professional & Scientific Tech Services 9.7%
Public Administration 7.1%
Retail & Wholesale Trader 15.2%
Other 40.0%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 30% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 18.2%
15-19 6.9%
20-24 4.4%
25-44 21.1%
45-65 33.3%
66+ 16.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.9%
Healthcare 6.8%
Management, Business, & Financial 23.1%
Natural Resources Maintenance 12.3%
Production & Transportation 7.0%
Sales & Office 29.7%
Other 12.3%
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 8.4%
High School 28.3%
Masters Degree 10.8%
Some College 19.0%
Some High School 5.5%
Other 28.1%

3008 Old Gamber Rd Comps

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3008 Old Gamber Rd, Finksburg, MD 21048 is a single family home of 808 sqft. HomeUnion INVESTimateĀ® for 3008 Old Gamber Rd includes a Price Estimate of $149,632 and a Rent Estimate of $1,030. This single family home has 0 bedrooms,1 bathrooms, and was built in 1946. This property has an estimated 15 year annualized Yield of 8.26% and Total Return of 18.66%. The estimated 1 year forecast in home value for 3008 Old Gamber Rd is 3.98%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , CARROLL County , or the 21048 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2