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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

6140 Floradale Pl Laplata, MD 20646

0 Beds 1 Baths 792 sqft Built 1975
Last updated:  Jul 30, 2018

INVESTimate

$128,708

$121K - $136K

Price Est.

$1,330

$1.3K - $1.4K

Rent Est.

$133,728  ( +3.9%)   1 YR EST. FORECAST
  
  
  

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6140 Floradale Pl PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $162.51
CONSTRUCTION
  • Beds : 0
  • Floor Size : 792 sqft
  • Baths : 1 Full

6140 Floradale Pl SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DR. JAMES CRAIK ELEMENTARY SCHOOL Primary Regular 518 32 10
MILTON M. SOMERS MIDDLE SCHOOL Middle Regular 851 59 8
MAURICE J. MCDONOUGH HIGH SCHOOL High Regular 1,226 73 5

DR. JAMES CRAIK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 518
  • # of teachers: 32
10
GreatSchools Rating

MILTON M. SOMERS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 851
  • # of teachers: 59
8
GreatSchools Rating

MAURICE J. MCDONOUGH HIGH SCHOOL

  • Education Level: High
  • # of students: 1,226
  • # of teachers: 73
5
GreatSchools Rating
 

Financial Details

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Neighborhood

LA PLATA

  • 19,568

    POPULATION
  • 6,579

    HOUSEHOLDS
  • 69.2%

    WHITE COLLAR

Neighborhood : LA PLATA

HOUSEHOLDS
6,579
POPULATION

19,568

18.8%Renters
81.2%Home Owners
LABOR FORCE

 

69.2%White Collar
30.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,319 per month.

MY RENT : $1,319 MEDIAN RENT : $1,923

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 14.3%
>=$1,500 85.7%
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 $1,319 would therefore be considered affordable for annual household incomes greater than $52,760 (12 months x 3.333 x $1,319).

Rent % Affordability
Above $500 92.5%
Above $700 88.7%
Above $1,100 79.7%
Above $1,500 70.0%
Above $1,900 60.4%
HOUSEHOLD INCOME RANGE

Approximately 4,719 of households in this neighborhood have a total annual income of $52,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,319 per month.

MINIMUM INCOME RANGE : $52,760

Income % Distribution
<$20K 7.5%
$20K-$35K 7.9%
$35K-$60K 14.7%
$60K-$100K 22.5%
>=$100K 47.5%
COMMUTE TIME DISTRIBUTION

41% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 37% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 8.8%
10-14 mins 9.5%
15-19 mins 13.8%
20-29 mins 15.0%
30-44 mins 12.1%
45-59 mins 11.5%
>60 mins 26.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,319 per month.

MY RENT : $1,319 MEDIAN RENT : $1,923

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 14.3%
>=$1,500 85.7%
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 $1,319 would therefore be considered affordable for annual household incomes greater than $52,760 (12 months x 3.333 x $1,319).

Rent % Affordability
Above $500 92.5%
Above $700 88.7%
Above $1,100 79.7%
Above $1,500 70.0%
Above $1,900 60.4%
HOUSEHOLD INCOME RANGE

Approximately 4,719 of households in this neighborhood have a total annual income of $52,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,319 per month.

MINIMUM INCOME RANGE : $52,760

Income % Distribution
<$20K 7.5%
$20K-$35K 7.9%
$35K-$60K 14.7%
$60K-$100K 22.5%
>=$100K 47.5%
COMMUTE TIME DISTRIBUTION

41% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 37% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 8.8%
10-14 mins 9.5%
15-19 mins 13.8%
20-29 mins 15.0%
30-44 mins 12.1%
45-59 mins 11.5%
>60 mins 26.0%

LA PLATA Demographics

INDUSTRY

Industry % Distribution
Construction 10.5%
Educational Services 10.1%
Health Care & Social Assistance 11.2%
Professional & Scientific Tech Services 9.4%
Public Administration 15.1%
Retail & Wholesale Trader 13.7%
Other 30.0%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 17.9%
15-19 7.4%
20-24 6.0%
25-44 22.3%
45-65 30.6%
66+ 15.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.0%
Healthcare 6.5%
Management, Business, & Financial 22.4%
Natural Resources Maintenance 8.3%
Protect 7.0%
Sales & Office 23.1%
Other 24.6%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.5%
High School 33.2%
Masters Degree 10.2%
Some College 20.5%
Some High School 8.0%
Other 19.6%

6140 Floradale Pl Comps

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6140 Floradale Pl, Laplata, MD 20646 is a single family home of 792 sqft. HomeUnion INVESTimateĀ® for 6140 Floradale Pl includes a Price Estimate of $128,708 and a Rent Estimate of $1,330. This single family home has 0 bedrooms,1 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 12.40% and Total Return of 27.89%. The estimated 1 year forecast in home value for 6140 Floradale Pl is 3.9%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , CHARLES County , or the 20646 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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