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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

56 Front St Chesapeake City, MD 21915

0 Beds 1 Baths 1,408 sqft Built 1849
Last updated:  Jul 30, 2018

INVESTimate

$195,090

$184K - $206K

Price Est.

$1,274

$1.2K - $1.4K

Rent Est.

$202,777  ( +3.94%)   1 YR EST. FORECAST
  
  
  

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56 Front St PROPERTY INFO

FACTS
  • Built In 1849
  • Price/Sqft : $138.56
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,408 sqft
  • Baths : 1 Full

56 Front St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CHESAPEAKE CITY ELEMENTARY SCHOOL Primary Regular 306 21 6
BOHEMIA MANOR MIDDLE SCHOOL Middle Regular 477 33 7
BOHEMIA MANOR HIGH SCHOOL High Regular 634 49 7

CHESAPEAKE CITY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 306
  • # of teachers: 21
6
GreatSchools Rating

BOHEMIA MANOR MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 477
  • # of teachers: 33
7
GreatSchools Rating

BOHEMIA MANOR HIGH SCHOOL

  • Education Level: High
  • # of students: 634
  • # of teachers: 49
7
GreatSchools Rating
 

Financial Details

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Neighborhood

CHESAPEAKE CITY

  • 2,819

    POPULATION
  • 1,157

    HOUSEHOLDS
  • 57.2%

    WHITE COLLAR

Neighborhood : CHESAPEAKE CITY

HOUSEHOLDS
1,157
POPULATION

2,819

24.5%Renters
75.5%Home Owners
LABOR FORCE

 

57.2%White Collar
42.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,113 per month.

MY RENT : $1,113 MEDIAN RENT : $1,225

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.0%
$900-999 12.8%
$1,000-1,499 56.7%
>=$1,500 26.5%
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 $1,113 would therefore be considered affordable for annual household incomes greater than $44,520 (12 months x 3.333 x $1,113).

Rent % Affordability
Above $500 92.1%
Above $700 87.2%
Above $1,100 71.1%
Above $1,500 65.4%
Above $1,900 51.9%
HOUSEHOLD INCOME RANGE

Approximately 801 of households in this neighborhood have a total annual income of $44,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,113 per month.

MINIMUM INCOME RANGE : $44,520

Income % Distribution
<$20K 7.9%
$20K-$35K 12.5%
$35K-$60K 14.1%
$60K-$100K 30.0%
>=$100K 35.4%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 8.5%
10-14 mins 8.1%
15-19 mins 11.1%
20-29 mins 21.9%
30-44 mins 25.7%
45-59 mins 9.7%
>60 mins 13.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,113 per month.

MY RENT : $1,113 MEDIAN RENT : $1,225

Rent % Distribution
$500-699 0.0%
$700-899 4.0%
$900-999 12.8%
$1,000-1,499 56.7%
>=$1,500 26.5%
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 $1,113 would therefore be considered affordable for annual household incomes greater than $44,520 (12 months x 3.333 x $1,113).

Rent % Affordability
Above $500 92.1%
Above $700 87.2%
Above $1,100 71.1%
Above $1,500 65.4%
Above $1,900 51.9%
HOUSEHOLD INCOME RANGE

Approximately 801 of households in this neighborhood have a total annual income of $44,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,113 per month.

MINIMUM INCOME RANGE : $44,520

Income % Distribution
<$20K 7.9%
$20K-$35K 12.5%
$35K-$60K 14.1%
$60K-$100K 30.0%
>=$100K 35.4%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 8.5%
10-14 mins 8.1%
15-19 mins 11.1%
20-29 mins 21.9%
30-44 mins 25.7%
45-59 mins 9.7%
>60 mins 13.6%

CHESAPEAKE CITY Demographics

INDUSTRY

Industry % Distribution
Construction 18.9%
Educational Services 10.2%
Health Care & Social Assistance 15.1%
Professional & Scientific Tech Services 9.6%
Public Administration 5.7%
Transportation 8.0%
Other 32.6%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 31% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 16.6%
15-19 11.0%
20-24 3.0%
25-44 18.6%
45-65 36.6%
66+ 14.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.6%
Healthcare 11.2%
Management, Business, & Financial 19.1%
Natural Resources Maintenance 27.8%
Production & Transportation 8.5%
Sales & Office 8.1%
Other 15.7%
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 8.0%
High School 31.6%
Masters Degree 9.5%
Some College 19.3%
Some High School 11.9%
Other 19.6%

56 Front St Comps

Sorry, we do not have sufficient data available.

56 Front St, Chesapeake City, MD 21915 is a single family home of 1,408 sqft. HomeUnion INVESTimateĀ® for 56 Front St includes a Price Estimate of $195,090 and a Rent Estimate of $1,274. This single family home has 0 bedrooms,1 bathrooms, and was built in 1849. This property has an estimated 15 year annualized Yield of 7.84% and Total Return of 18.33%. The estimated 1 year forecast in home value for 56 Front St is 3.94%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , CECIL County , or the 21915 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2