Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

6055 Locust Rd Saint Leonard, MD 20685

0 Beds 3 Baths 1,560 sqft Built 1992
Last updated:  Jun 30, 2018

INVESTimate

$288,011

$251K - $325K

Price Est.

$1,721

$1.4K - $2.1K

Rent Est.

$301,605  ( +4.72%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 3349 JAPONICA RD N JACKSONVILLE, FL
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    AVAILABLE
    • 14.68% GROSS YIELD
    • $6,334 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $85,000
    • $28,275
    • $1,040
  • 1424 BRETON RD JACKSONVILLE, FL
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950
    AVAILABLE
    • 14.27% GROSS YIELD
    • $5,871 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,900
    • $26,924
    • $950

6055 Locust Rd PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $184.62
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,560 sqft
  • Baths : 2 Full 1 Half

6055 Locust Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SAINT LEONARD ELEMENTARY SCHOOL Primary Regular 572 35 7
SOUTHERN MIDDLE SCHOOL Middle Regular 562 37 9
CALVERT HIGH SCHOOL High Regular 1,189 70 8

SAINT LEONARD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 572
  • # of teachers: 35
7
GreatSchools Rating

SOUTHERN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 562
  • # of teachers: 37
9
GreatSchools Rating

CALVERT HIGH SCHOOL

  • Education Level: High
  • # of students: 1,189
  • # of teachers: 70
8
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

SAINT LEONARD

  • 7,469

    POPULATION
  • 2,497

    HOUSEHOLDS
  • 63.2%

    WHITE COLLAR

Neighborhood : SAINT LEONARD

HOUSEHOLDS
2,497
POPULATION

7,469

14.7%Renters
85.3%Home Owners
LABOR FORCE

 

63.2%White Collar
36.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,857 per month.

MY RENT : $1,857 MEDIAN RENT : $1,721

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 42.3%
>=$1,500 57.7%
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 $1,857 would therefore be considered affordable for annual household incomes greater than $74,280 (12 months x 3.333 x $1,857).

Rent % Affordability
Above $500 91.7%
Above $700 88.6%
Above $1,100 79.0%
Above $1,500 74.0%
Above $1,900 62.4%
HOUSEHOLD INCOME RANGE

Approximately 1,387 of households in this neighborhood have a total annual income of $74,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,857 per month.

MINIMUM INCOME RANGE : $74,280

Income % Distribution
<$20K 8.3%
$20K-$35K 5.9%
$35K-$60K 11.8%
$60K-$100K 24.9%
>=$100K 49.1%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 44% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 1.5%
10-14 mins 8.0%
15-19 mins 16.3%
20-29 mins 19.3%
30-44 mins 10.1%
45-59 mins 11.1%
>60 mins 33.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,857 per month.

MY RENT : $1,857 MEDIAN RENT : $1,721

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 42.3%
>=$1,500 57.7%
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 $1,857 would therefore be considered affordable for annual household incomes greater than $74,280 (12 months x 3.333 x $1,857).

Rent % Affordability
Above $500 91.7%
Above $700 88.6%
Above $1,100 79.0%
Above $1,500 74.0%
Above $1,900 62.4%
HOUSEHOLD INCOME RANGE

Approximately 1,387 of households in this neighborhood have a total annual income of $74,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,857 per month.

MINIMUM INCOME RANGE : $74,280

Income % Distribution
<$20K 8.3%
$20K-$35K 5.9%
$35K-$60K 11.8%
$60K-$100K 24.9%
>=$100K 49.1%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 44% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 1.5%
10-14 mins 8.0%
15-19 mins 16.3%
20-29 mins 19.3%
30-44 mins 10.1%
45-59 mins 11.1%
>60 mins 33.2%

SAINT LEONARD Demographics

INDUSTRY

Industry % Distribution
Construction 10.0%
Educational Services 9.0%
Health Care & Social Assistance 11.0%
Public Administration 18.0%
Retail & Wholesale Trader 11.4%
Transportation 7.3%
Other 33.2%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 34% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 18.1%
15-19 9.1%
20-24 6.7%
25-44 20.8%
45-65 34.6%
66+ 10.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.3%
Construction 5.7%
Management, Business, & Financial 19.9%
Natural Resources Maintenance 13.2%
Production & Transportation 9.5%
Sales & Office 22.4%
Other 20.1%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.0%
High School 34.5%
Masters Degree 6.5%
Some College 24.0%
Some High School 8.1%
Other 19.9%

6055 Locust Rd Comps

Sorry, we do not have sufficient data available.

6055 Locust Rd, Saint Leonard, MD 20685 is a single family home of 1,560 sqft. HomeUnion INVESTimateĀ® for 6055 Locust Rd includes a Price Estimate of $288,011 and a Rent Estimate of $1,721. This single family home has 0 bedrooms,3 bathrooms, and was built in 1992. This property has an estimated 15 year annualized Yield of 7.17% and Total Return of 19.80%. The estimated 1 year forecast in home value for 6055 Locust Rd is 4.72%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , CALVERT County , or the 20685 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2