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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

3305 Velvet Valley Dr West Friendship, MD 21794

0 Beds 3 Baths 3,485 sqft Built 1999
Last updated:  May 30, 2018

INVESTimate

$770,130

$735K - $806K

Price Est.

$3,520

$3.3K - $3.8K

Rent Est.

$766,818  ( -0.43%)   1 YR EST. FORECAST
  
  
  

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3305 Velvet Valley Dr PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $220.98
CONSTRUCTION
  • Beds : 0
  • Floor Size : 3,485 sqft
  • Baths : 2 Full 1 Half

3305 Velvet Valley Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
TRIADELPHIA RIDGE ELEMENTARY SCHOOL Primary Regular 411 35 9
FOLLY QUARTER MIDDLE SCHOOL Middle Regular 588 37 10
GLENELG HIGH SCHOOL High Regular 1,225 80 10

TRIADELPHIA RIDGE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 411
  • # of teachers: 35
9
GreatSchools Rating

FOLLY QUARTER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 37
10
GreatSchools Rating

GLENELG HIGH SCHOOL

  • Education Level: High
  • # of students: 1,225
  • # of teachers: 80
10
GreatSchools Rating
 

Financial Details

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Neighborhood

WEST FRIENDSHIP

  • 2,537

    POPULATION
  • 821

    HOUSEHOLDS
  • 87.1%

    WHITE COLLAR

Neighborhood : WEST FRIENDSHIP

HOUSEHOLDS
821
POPULATION

2,537

6.4%Renters
93.6%Home Owners
LABOR FORCE

 

87.1%White Collar
12.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,854 per month.

MY RENT : $3,854 MEDIAN RENT : $3,452

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.2%
>=$1,500 96.8%
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 $3,854 would therefore be considered affordable for annual household incomes greater than $154,160 (12 months x 3.333 x $3,854).

Rent % Affordability
Above $500 98.4%
Above $700 96.0%
Above $1,100 91.4%
Above $1,500 88.9%
Above $1,900 86.5%
HOUSEHOLD INCOME RANGE

Approximately 255 of households in this neighborhood have a total annual income of $154,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,854 per month.

MINIMUM INCOME RANGE : $154,160

Income % Distribution
<$20K 1.6%
$20K-$35K 5.4%
$35K-$60K 4.1%
$60K-$100K 8.2%
>=$100K 80.8%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 5.1%
10-14 mins 4.6%
15-19 mins 10.5%
20-29 mins 19.1%
30-44 mins 31.6%
45-59 mins 16.3%
>60 mins 11.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,854 per month.

MY RENT : $3,854 MEDIAN RENT : $3,452

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.2%
>=$1,500 96.8%
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 $3,854 would therefore be considered affordable for annual household incomes greater than $154,160 (12 months x 3.333 x $3,854).

Rent % Affordability
Above $500 98.4%
Above $700 96.0%
Above $1,100 91.4%
Above $1,500 88.9%
Above $1,900 86.5%
HOUSEHOLD INCOME RANGE

Approximately 255 of households in this neighborhood have a total annual income of $154,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,854 per month.

MINIMUM INCOME RANGE : $154,160

Income % Distribution
<$20K 1.6%
$20K-$35K 5.4%
$35K-$60K 4.1%
$60K-$100K 8.2%
>=$100K 80.8%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 5.1%
10-14 mins 4.6%
15-19 mins 10.5%
20-29 mins 19.1%
30-44 mins 31.6%
45-59 mins 16.3%
>60 mins 11.4%

WEST FRIENDSHIP Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.9%
Educational Services 12.8%
Health Care & Social Assistance 11.1%
Professional & Scientific Tech Services 24.1%
Public Administration 9.3%
Retail & Wholesale Trader 11.1%
Other 25.7%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 32% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 17.3%
15-19 10.8%
20-24 4.2%
25-44 17.6%
45-65 36.4%
66+ 13.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 15.6%
Construction 3.6%
Healthcare 8.6%
Legal 3.5%
Management, Business, & Financial 38.2%
Sales & Office 17.3%
Other 13.1%
HIGHEST EDUCATION LEVEL

42% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.4%
High School 10.0%
Masters Degree 25.3%
Professional 7.2%
Some College 12.0%
Other 40.1%

3305 Velvet Valley Dr Comps

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3305 Velvet Valley Dr, West Friendship, MD 21794 is a single family home of 3,485 sqft. HomeUnion INVESTimateĀ® for 3305 Velvet Valley Dr includes a Price Estimate of $770,130 and a Rent Estimate of $3,520. This single family home has 0 bedrooms,3 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 5.48% and Total Return of 6.55%. The estimated 1 year forecast in home value for 3305 Velvet Valley Dr is -0.43%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , HOWARD County , or the 21794 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2