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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

3702 Randolph Rd Wheaton, MD 20902

0 Beds 2 Baths 1,466 sqft Built 1952
Last updated:  May 30, 2018

INVESTimate

$258,011

$246K - $270K

Price Est.

$1,944

$1.8K - $2.1K

Rent Est.

$269,905  ( +4.61%)   1 YR EST. FORECAST
  
  
  

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3702 Randolph Rd PROPERTY INFO

FACTS
  • Built In 1952
  • Price/Sqft : $176.00
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,466 sqft
  • Baths : 2 Full

3702 Randolph Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SARGENT SHRIVER ELEMENTARY SCHOOL Primary Regular 731 58 2
A. MARIO LOIEDERMAN MIDDLE SCHOOL Middle Magnet 801 52 4
WHEATON HIGH SCHOOL High Regular 1,235 84 6

SARGENT SHRIVER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 58
2
GreatSchools Rating

A. MARIO LOIEDERMAN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 801
  • # of teachers: 52
4
GreatSchools Rating

WHEATON HIGH SCHOOL

  • Education Level: High
  • # of students: 1,235
  • # of teachers: 84
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Connecticut Avenue Estates

  • 10,438

    POPULATION
  • 2,802

    HOUSEHOLDS
  • 47.5%

    WHITE COLLAR

Neighborhood : Connecticut Avenue Estates

HOUSEHOLDS
2,802
POPULATION

10,438

18.7%Renters
81.3%Home Owners
LABOR FORCE

 

47.5%White Collar
52.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,780 per month.

MY RENT : $1,780 MEDIAN RENT : $1,767

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 7.7%
>=$1,500 92.3%
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 $1,780 would therefore be considered affordable for annual household incomes greater than $71,200 (12 months x 3.333 x $1,780).

Rent % Affordability
Above $500 94.2%
Above $700 87.6%
Above $1,100 72.8%
Above $1,500 57.7%
Above $1,900 45.5%
HOUSEHOLD INCOME RANGE

Approximately 997 of households in this neighborhood have a total annual income of $71,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,780 per month.

MINIMUM INCOME RANGE : $71,200

Income % Distribution
<$20K 5.8%
$20K-$35K 13.0%
$35K-$60K 23.4%
$60K-$100K 31.1%
>=$100K 26.6%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 3.6%
10-14 mins 7.3%
15-19 mins 10.4%
20-29 mins 19.7%
30-44 mins 28.7%
45-59 mins 13.6%
>60 mins 15.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,780 per month.

MY RENT : $1,780 MEDIAN RENT : $1,767

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 7.7%
>=$1,500 92.3%
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 $1,780 would therefore be considered affordable for annual household incomes greater than $71,200 (12 months x 3.333 x $1,780).

Rent % Affordability
Above $500 94.2%
Above $700 87.6%
Above $1,100 72.8%
Above $1,500 57.7%
Above $1,900 45.5%
HOUSEHOLD INCOME RANGE

Approximately 997 of households in this neighborhood have a total annual income of $71,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,780 per month.

MINIMUM INCOME RANGE : $71,200

Income % Distribution
<$20K 5.8%
$20K-$35K 13.0%
$35K-$60K 23.4%
$60K-$100K 31.1%
>=$100K 26.6%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 3.6%
10-14 mins 7.3%
15-19 mins 10.4%
20-29 mins 19.7%
30-44 mins 28.7%
45-59 mins 13.6%
>60 mins 15.7%

Connecticut Avenue Estates Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.5%
Arts & Entertainment 16.3%
Construction 10.8%
Health Care & Social Assistance 13.2%
Professional & Scientific Tech Services 6.3%
Retail & Wholesale Trader 11.4%
Other 33.5%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 32% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 18.5%
15-19 5.5%
20-24 7.5%
25-44 32.3%
45-65 26.3%
66+ 9.9%
OCCUPATION

Occupation % Distribution
Clean 9.6%
Education 8.6%
Management, Business, & Financial 12.9%
Natural Resources Maintenance 14.5%
Production & Transportation 8.5%
Sales & Office 19.8%
Other 26.1%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.2%
High School 29.1%
Masters Degree 5.7%
Some College 18.6%
Some High School 25.1%
Other 17.4%

3702 Randolph Rd Comps

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3702 Randolph Rd, Wheaton, MD 20902 is a single family home of 1,466 sqft. HomeUnion INVESTimateĀ® for 3702 Randolph Rd includes a Price Estimate of $258,011 and a Rent Estimate of $1,944. This single family home has 0 bedrooms,2 bathrooms, and was built in 1952. This property has an estimated 15 year annualized Yield of 9.04% and Total Return of 24.78%. The estimated 1 year forecast in home value for 3702 Randolph Rd is 4.61%.

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