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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

3737 Clarks Point Rd Middle River, MD 21220

0 Beds 1 Baths 740 sqft Built 1937
Last updated:  Jun 30, 2018

INVESTimate

$308,412

$293K - $324K

Price Est.

$1,585

$1.4K - $1.7K

Rent Est.

$320,594  ( +3.95%)   1 YR EST. FORECAST
  
  
  

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3737 Clarks Point Rd PROPERTY INFO

FACTS
  • Built In 1937
  • Price/Sqft : $416.77
CONSTRUCTION
  • Beds : 0
  • Floor Size : 740 sqft
  • Baths : 1 Full

3737 Clarks Point Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SENECA ELEMENTARY SCHOOL Primary Regular 406 23 7
MIDDLE RIVER MIDDLE SCHOOL Middle Regular 855 62 4
KENWOOD HIGH IB AND SPORTS SCIENCE SCHOOL High Magnet 1,728 117 4

SENECA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 406
  • # of teachers: 23
7
GreatSchools Rating

MIDDLE RIVER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 62
4
GreatSchools Rating

KENWOOD HIGH IB AND SPORTS SCIENCE SCHOOL

  • Education Level: High
  • # of students: 1,728
  • # of teachers: 117
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Bowleys Quarters

  • 6,090

    POPULATION
  • 2,461

    HOUSEHOLDS
  • 62.0%

    WHITE COLLAR

Neighborhood : Bowleys Quarters

HOUSEHOLDS
2,461
POPULATION

6,090

28.6%Renters
71.4%Home Owners
LABOR FORCE

 

62.0%White Collar
38.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,320 per month.

MY RENT : $1,320 MEDIAN RENT : $1,697

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 29.7%
>=$1,500 70.3%
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 $1,320 would therefore be considered affordable for annual household incomes greater than $52,800 (12 months x 3.333 x $1,320).

Rent % Affordability
Above $500 90.5%
Above $700 81.8%
Above $1,100 67.6%
Above $1,500 54.5%
Above $1,900 44.0%
HOUSEHOLD INCOME RANGE

Approximately 1,403 of households in this neighborhood have a total annual income of $52,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,320 per month.

MINIMUM INCOME RANGE : $52,800

Income % Distribution
<$20K 9.5%
$20K-$35K 15.7%
$35K-$60K 20.2%
$60K-$100K 25.2%
>=$100K 29.3%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 4.6%
10-14 mins 7.5%
15-19 mins 10.6%
20-29 mins 15.5%
30-44 mins 29.1%
45-59 mins 18.6%
>60 mins 12.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,320 per month.

MY RENT : $1,320 MEDIAN RENT : $1,697

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 29.7%
>=$1,500 70.3%
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 $1,320 would therefore be considered affordable for annual household incomes greater than $52,800 (12 months x 3.333 x $1,320).

Rent % Affordability
Above $500 90.5%
Above $700 81.8%
Above $1,100 67.6%
Above $1,500 54.5%
Above $1,900 44.0%
HOUSEHOLD INCOME RANGE

Approximately 1,403 of households in this neighborhood have a total annual income of $52,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,320 per month.

MINIMUM INCOME RANGE : $52,800

Income % Distribution
<$20K 9.5%
$20K-$35K 15.7%
$35K-$60K 20.2%
$60K-$100K 25.2%
>=$100K 29.3%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 31% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 4.6%
10-14 mins 7.5%
15-19 mins 10.6%
20-29 mins 15.5%
30-44 mins 29.1%
45-59 mins 18.6%
>60 mins 12.2%

Bowleys Quarters Demographics

INDUSTRY

Industry % Distribution
Construction 8.8%
Educational Services 9.0%
Health Care & Social Assistance 12.6%
Manufacturing 10.2%
Public Administration 7.0%
Retail & Wholesale Trader 14.6%
Other 37.8%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 29% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 15.3%
15-19 5.9%
20-24 7.6%
25-44 24.0%
45-65 34.0%
66+ 13.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.1%
Healthcare 4.9%
Management, Business, & Financial 22.5%
Natural Resources Maintenance 11.9%
Production & Transportation 12.4%
Sales & Office 25.1%
Other 17.1%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.7%
High School 38.6%
Masters Degree 7.7%
Some College 23.9%
Some High School 7.4%
Other 10.7%

3737 Clarks Point Rd Comps

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3737 Clarks Point Rd, Middle River, MD 21220 is a single family home of 740 sqft. HomeUnion INVESTimateĀ® for 3737 Clarks Point Rd includes a Price Estimate of $308,412 and a Rent Estimate of $1,585. This single family home has 0 bedrooms,1 bathrooms, and was built in 1937. This property has an estimated 15 year annualized Yield of 6.17% and Total Return of 14.06%. The estimated 1 year forecast in home value for 3737 Clarks Point Rd is 3.95%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , BALTIMORE County , or the 21220 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2