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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

5862 Eldorado Sharptown Rd Rhodesdale, MD 21659

0 Beds 4 Baths 1,664 sqft Built 1970
Last updated:  Jul 30, 2018

INVESTimate

$256,151

$240K - $272K

Price Est.

$1,662

$1.5K - $1.9K

Rent Est.

$252,949  ( -1.25%)   1 YR EST. FORECAST
  
  
  

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5862 Eldorado Sharptown Rd PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $153.94
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,664 sqft
  • Baths : 3 Full 1 Half

5862 Eldorado Sharptown Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
VIENNA ELEMENTARY SCHOOL Primary Regular 189 14 NA
NORTH DORCHESTER MIDDLE SCHOOL Middle Regular 412 31 NA
NORTH DORCHESTER HIGH SCHOOL High Regular 539 37 NA

VIENNA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 189
  • # of teachers: 14
-1
GreatSchools Rating

NORTH DORCHESTER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 412
  • # of teachers: 31
-1
GreatSchools Rating

NORTH DORCHESTER HIGH SCHOOL

  • Education Level: High
  • # of students: 539
  • # of teachers: 37
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

RHODESDALE

  • 1,063

    POPULATION
  • 428

    HOUSEHOLDS
  • 65.0%

    WHITE COLLAR

Neighborhood : RHODESDALE

HOUSEHOLDS
428
POPULATION

1,063

17.8%Renters
82.2%Home Owners
LABOR FORCE

 

65.0%White Collar
35.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 20% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,690 per month.

MY RENT : $1,690 MEDIAN RENT : $1,232

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 6.2%
$1,000-1,499 74.1%
>=$1,500 19.7%
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 $1,690 would therefore be considered affordable for annual household incomes greater than $67,600 (12 months x 3.333 x $1,690).

Rent % Affordability
Above $500 89.8%
Above $700 81.3%
Above $1,100 62.6%
Above $1,500 52.7%
Above $1,900 47.6%
HOUSEHOLD INCOME RANGE

Approximately 182 of households in this neighborhood have a total annual income of $67,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,690 per month.

MINIMUM INCOME RANGE : $67,600

Income % Distribution
<$20K 10.2%
$20K-$35K 13.0%
$35K-$60K 24.1%
$60K-$100K 14.2%
>=$100K 38.5%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 13% 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 2.8%
5-9 mins 5.5%
10-14 mins 4.6%
15-19 mins 5.3%
20-29 mins 27.9%
30-44 mins 30.6%
45-59 mins 17.6%
>60 mins 5.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 20% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,690 per month.

MY RENT : $1,690 MEDIAN RENT : $1,232

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 6.2%
$1,000-1,499 74.1%
>=$1,500 19.7%
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 $1,690 would therefore be considered affordable for annual household incomes greater than $67,600 (12 months x 3.333 x $1,690).

Rent % Affordability
Above $500 89.8%
Above $700 81.3%
Above $1,100 62.6%
Above $1,500 52.7%
Above $1,900 47.6%
HOUSEHOLD INCOME RANGE

Approximately 182 of households in this neighborhood have a total annual income of $67,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,690 per month.

MINIMUM INCOME RANGE : $67,600

Income % Distribution
<$20K 10.2%
$20K-$35K 13.0%
$35K-$60K 24.1%
$60K-$100K 14.2%
>=$100K 38.5%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 13% 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 2.8%
5-9 mins 5.5%
10-14 mins 4.6%
15-19 mins 5.3%
20-29 mins 27.9%
30-44 mins 30.6%
45-59 mins 17.6%
>60 mins 5.7%

RHODESDALE Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.3%
Agriculture, Fishing & Game 6.7%
Educational Services 9.5%
Health Care & Social Assistance 17.9%
Manufacturing 7.8%
Retail & Wholesale Trader 19.7%
Other 31.1%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 22% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 13.4%
15-19 5.7%
20-24 3.3%
25-44 16.8%
45-65 41.3%
66+ 19.5%
OCCUPATION

Occupation % Distribution
Construction 7.9%
Healthcare 11.5%
Management, Business, & Financial 10.8%
Natural Resources Maintenance 12.0%
Production & Transportation 8.4%
Sales & Office 28.3%
Other 21.1%
HIGHEST EDUCATION LEVEL

14% 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 42.9%
Masters Degree 4.4%
Some College 17.7%
Some High School 14.1%
Other 12.9%

5862 Eldorado Sharptown Rd Comps

Sorry, we do not have sufficient data available.

5862 Eldorado Sharptown Rd, Rhodesdale, MD 21659 is a single family home of 1,664 sqft. HomeUnion INVESTimateĀ® for 5862 Eldorado Sharptown Rd includes a Price Estimate of $256,151 and a Rent Estimate of $1,662. This single family home has 0 bedrooms,4 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 7.79% and Total Return of 11.40%. The estimated 1 year forecast in home value for 5862 Eldorado Sharptown Rd is -1.25%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , DORCHESTER County , or the 21659 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2