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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

6407 Falkirk Rd Idlewylde, MD 21239

0 Beds 3 Baths 1,440 sqft Built 1963
Last updated:  Jun 30, 2018

INVESTimate

$116,974

$109K - $125K

Price Est.

$1,154

$1.1K - $1.2K

Rent Est.

$118,647  ( +1.43%)   1 YR EST. FORECAST
  
  
  

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6407 Falkirk Rd PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $81.23
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,440 sqft
  • Baths : 1 Full 2 Half

6407 Falkirk Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GARRETT HEIGHTS ELEMENTARY-MIDDLE SCHOOL Primary Regular 441 32 2
GARRETT HEIGHTS ELEMENTARY-MIDDLE SCHOOL Middle Regular 441 32 2
PAUL LAURENCE DUNBAR HIGH SCHOOL High Regular 798 43 4

GARRETT HEIGHTS ELEMENTARY-MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 441
  • # of teachers: 32
2
GreatSchools Rating

GARRETT HEIGHTS ELEMENTARY-MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 441
  • # of teachers: 32
2
GreatSchools Rating

PAUL LAURENCE DUNBAR HIGH SCHOOL

  • Education Level: High
  • # of students: 798
  • # of teachers: 43
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Idlewood

  • 3,573

    POPULATION
  • 1,276

    HOUSEHOLDS
  • 56.6%

    WHITE COLLAR

Neighborhood : Idlewood

HOUSEHOLDS
1,276
POPULATION

3,573

24.3%Renters
75.7%Home Owners
LABOR FORCE

 

56.6%White Collar
43.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,192 per month.

MY RENT : $1,192 MEDIAN RENT : $1,213

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.1%
$1,000-1,499 97.6%
>=$1,500 2.3%
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 $1,192 would therefore be considered affordable for annual household incomes greater than $47,680 (12 months x 3.333 x $1,192).

Rent % Affordability
Above $500 88.2%
Above $700 78.6%
Above $1,100 60.6%
Above $1,500 41.3%
Above $1,900 32.3%
HOUSEHOLD INCOME RANGE

Approximately 602 of households in this neighborhood have a total annual income of $47,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,192 per month.

MINIMUM INCOME RANGE : $47,680

Income % Distribution
<$20K 11.8%
$20K-$35K 18.6%
$35K-$60K 28.3%
$60K-$100K 24.5%
>=$100K 16.8%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 4.8%
10-14 mins 5.5%
15-19 mins 18.2%
20-29 mins 26.4%
30-44 mins 20.7%
45-59 mins 8.6%
>60 mins 15.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,192 per month.

MY RENT : $1,192 MEDIAN RENT : $1,213

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.1%
$1,000-1,499 97.6%
>=$1,500 2.3%
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 $1,192 would therefore be considered affordable for annual household incomes greater than $47,680 (12 months x 3.333 x $1,192).

Rent % Affordability
Above $500 88.2%
Above $700 78.6%
Above $1,100 60.6%
Above $1,500 41.3%
Above $1,900 32.3%
HOUSEHOLD INCOME RANGE

Approximately 602 of households in this neighborhood have a total annual income of $47,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,192 per month.

MINIMUM INCOME RANGE : $47,680

Income % Distribution
<$20K 11.8%
$20K-$35K 18.6%
$35K-$60K 28.3%
$60K-$100K 24.5%
>=$100K 16.8%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 4.8%
10-14 mins 5.5%
15-19 mins 18.2%
20-29 mins 26.4%
30-44 mins 20.7%
45-59 mins 8.6%
>60 mins 15.9%

Idlewood Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.4%
Educational Services 15.8%
Health Care & Social Assistance 22.7%
Public Administration 17.8%
Retail & Wholesale Trader 10.0%
Transportation 4.4%
Other 22.0%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 37% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 21.7%
15-19 8.4%
20-24 7.2%
25-44 23.1%
45-65 29.0%
66+ 10.6%
OCCUPATION

Occupation % Distribution
Clean 9.0%
Construction 7.5%
Healthcare 10.0%
Management, Business, & Financial 14.7%
Protect 13.9%
Sales & Office 16.7%
Other 28.2%
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 8.2%
High School 29.2%
Masters Degree 11.3%
Some College 27.0%
Some High School 11.0%
Other 13.3%

6407 Falkirk Rd Comps

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6407 Falkirk Rd, Idlewylde, MD 21239 is a single family home of 1,440 sqft. HomeUnion INVESTimate¬ģ for 6407 Falkirk Rd includes a Price Estimate of $116,974 and a Rent Estimate of $1,154. This single family home has 0 bedrooms,3 bathrooms, and was built in 1963. This property has an estimated 15 year annualized Yield of 11.84% and Total Return of 19.12%. The estimated 1 year forecast in home value for 6407 Falkirk Rd is 1.43%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , BALTIMORE CITY County , or the 21239 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2